From Wikipedia "french revolution"
Economic factors included hunger and malnutrition in the most destitute segments of the population, due to rising bread prices (from a normal 8 sous for a four-pound loaf to 12 sous by the end of 1789),[3] after several years of poor grain harvests. Bad harvests (caused in part by extreme weather from El Niño along with volcanic activity at Laki and Grímsvötn), rising food prices, and an inadequate transportation system that hindered the shipment of bulk foods from rural areas to large population centers contributed greatly to the destabilization of French society in the years leading up to the Revolution.
Another cause was the state's effective bankruptcy due to the enormous cost of previous wars, particularly the financial strain caused by French participation in the American Revolutionary War. The national debt amounted to some 1,000–2,000 million[citation needed] livres. The social burdens caused by war included the huge war debt, made worse by the loss of France's colonial possessions in North America and the growing commercial dominance of Great Britain. France's inefficient and antiquated financial system was unable to manage the national debt, something which was both partially caused and exacerbated by the burden of an inadequate system of taxation. To obtain new money to head off default on the government's loans, the king called an Assembly of Notables in 1787.
Meanwhile, the royal court at Versailles was seen as being isolated from, and indifferent to, the hardships of the lower classes. While in theory King Louis XVI was an absolute monarch, in practice he was often indecisive and known to back down when faced with strong opposition. While he did reduce government expenditures, opponents in the parlements successfully thwarted his attempts at enacting much needed reforms. Those who were opposed to Louis' policies further undermined royal authority by distributing pamphlets (often reporting false or exaggerated information) that criticized the government and its officials, stirring up public opinion against the monarchy.[4]
Does anyone here see some worrying similarities? Financial Crisis, Destitution, Bankruptcy from running expensive unpopular wars, Government indifference and isolation from the poor?
