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Late in a  countertrend rally, the first signs of exclusion.
--Marius Alexe, Phincorp

First let’s look at the definition of exclusionism from the September 1992 issue of the The Elliott Wave Theorist:
Major bear markets are accompanied by a reduction in the size of people's unit of allegiance, the group that they consider to be like themselves. At the peak, there is a perceived brotherhood of men and nations. Even mythical aliens are included in the brotherhood of the universe. During the reduction process in the size of the social unit of allegiance, the 'in group' becomes smaller and smaller, moving from the universe to the world to the nation to the ethnic, religious, regional or sexual group to the city or feudal estate to the family to the individual. The trend halts at a point dependent upon the extent of the economic and psychological contraction. When the extent is substantial, the unit of allegiance is very small. In the Dark Ages, for instance, the feudal estate was the largest unit of allegiance in Europe. In times of starvation (such as in parts of Africa today), even the family unit can disintegrate, as individuals fend for themselves. In other words, at a peak, it's all 'we'; everyone is a potential friend. At a bottom it's all 'they'; everyone is a potential enemy. When times are good, tolerance is greater and boundaries weaker.

The conservatives think they are broadening their base by placating the separatist longings of Quebecers.  In socionomic terms, they are trying to be inclusionistic, but they are making a big mistake because they are actually aligning themselves exclusionary forces that will grow much stronger in a bear market. The comments of Parti Quebecois boss Andre Boisclair at the end of the article make it clear that the beyond the “healthy federalism” of UNESCO membership for Quebec lies more drastic moves toward an independent Quebec. When a bear market in social mood grabs hold, Quebec will come to view greater Canada as a “potential enemy.” Any political capital the conservatives gain by giving Quebec a seat at the table in the UN will be lost when secessoinist Quebec decides to secede.

Conquer the Crash
The main social influence of a bear market is to cause society to polarize in countless ways. That polarity shows up in every imaginable context — social, religious, political, racial, corporate, by class and otherwise. In a bear market, people in whatever way are impelled to identify themselves as belonging to a smaller social unit than they did before and to belong more passionately. It is probably a product of the anger that accompanies bear markets, because each social unit seems invariably to find reasons to be angry with and to attack its opposing unit. In the 1930s bear market, communists and fascists challenged political institutions. In the 1970s bear market, students challenged police, and blacks challenged whites. In both cases, labor challenged management and third parties challenged the status quo. In bear markets, rallies, marches and protests become common events. Separatism becomes a force as territories polarize. Populism becomes a force as classes polarize. Third parties, fourth parties, and more, find constituents.