Volatility

Volatility Definition

Volatility, in a sociological context, refers to rapid, often unpredictable shifts or fluctuations within social or political systems. In the realm of politics, it is frequently observed as alterations in voting behaviour occurring between successive elections. This instability often serves as an indicator of a broader decline in political identification among the populace.

Pattern of Eruption and Quiescence

Within the framework of moral panic theory, volatility describes a specific dynamic pattern: a sudden eruption of intense public concern or activity followed by a period of relative calm or quiescence. This pattern persists even when the underlying issue eventually becomes institutionalised through legislative action, control mechanisms, or organised social movements.

Context in Political Behaviour

When applied to political dynamics, volatility highlights the instability inherent in political identification. Changes in voting patterns signal a breakdown in established political affiliations or shared understandings, suggesting that the political landscape is undergoing rapid, unsettled transformation rather than stable consensus.