We've had 30 years of neoliberal policies. The goal of neoliberalism is to expand profit margins by cutting the middle class out of the loop (this is done mostly through lowering wages, benefits, and social programs). The other goal is to remove regulatory barriers to consolidation ("mergers & acquisitions"), which has the effect of putting monopolies in charge of things like health, energy, finance, and food. Combined, these policies have given capital an advantage of labor and consumers, which has translated into a massive upward shift in wealth. Therefore, capital can lower your wages while increasing your energy, food, and health costs. The initial effect of these policies was that the middle class -- having lost wages, benefits, safety nets, and an affordable cost of living -- required increased work hours and massive credit to maintain their standard of living. However, as we learned, you can only borrow so much before you break the bank.
Now, we have a narrow group of people who have more wealth than they can ever spend, while the growing hordes are facing foreclosure, bankruptcy, job insecurity, and medical bills they can't pay. Problem is: the economy requires middle class consumption.
The wealthy purchased a political party in the 70s and spent 30 years using the "Culture Wars", anti-communism, and race to get average americans to vote against their economic interests. Movement Conservatism made it possible for 10 corporations to consolidate ownership of the major media outlets in the country. They spent decades convincing America that everything government did to shore-up middle class demand was socialism. They convinced America that the government which defeated the Nazis, put a man on the moon, brought water, power, and roads to the southwest was, somehow, incapable of running a laundromat. Consequently, we stopped investing in the middle class.
Reagan created cheap labor in America, and corporations loved him for it. Problem is: that cheap labor has come back to haunt us in the form of a consumer who cannot consume. This has destroyed the economy. Without demand, there is no reason to innovate or add jobs. Cairo's problem is not about unions or the loss of a once-thriving middle class -- HOWEVER -- it is facing a similar problem: the people ain't got no money or hope. And they're rebelling.
I think Glen Beck is wrong about how far this will spread. The neoliberals own the press. They will convince the serfs that it's all government's fault, and not the corporations who own government.