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Wall Street Protests: Which Side Are You On?
Wall Street has long been the home of the biggest threat to American Democracy. Now it has become home to what may be our best hope for rescuing it.
People protest during the 'Occupy Wall Street' rally in New York, 17 September. (Photograph: Steven Greaves/Demotix/Corbis)
For everyone who loves this country, for everyone whose heart is breaking for the growing ranks of the poor, for everyone who is seething at the unopposed demolition of America's working and middle class: the time has come to get off the fence.
A new generation has gone to the scene of the crimes committed against our future. The time has come for all people of good will to give our full-throated backing to the young people of the Occupy Wall Street movement.
The young heroes on Wall Street today baffle the world because they have issued no demands. The villains of Wall Street had their demands -- insisting upon a massive bailout for themselves in 2008, while they pocketed million dollar bonuses. The Wall Street protesters are not seeking a bailout for themselves; they are working to bail out democracy.
The American experiment in self-governance is at a moment of crisis. The political system thus far has proven itself incapable of responding to a once in a lifetime economic calamity. With income inequality and unemployment at the highest rates since the Great Depression, it's no wonder that almost 80 percent of the country thinks we're on the wrong track.
But the crisis of American Democracy did not start with the financial collapse. For at least 30 years, the system has been rigged by the wealthy and privileged to acquire more wealth and privilege. At this point, 400 families control more wealth than 180 million Americans.
This great wealth divergence has resulted in an unjust and dangerous concentration of economic and political power in the hands of the few. It has pushed millions -- especially the rising generation and communities of color -- into the shadows of our society. The middle class continues to shrink, and the ranks of the poor have swelled. The political elite has failed to take the necessary steps to provide opportunity to the majority of Americans.
A movement was born after Madison, Wisconsin, to oppose these injustices. It has now spread to every Congressional District. We call ourselves the American Dream Movement. We engaged 130,000 people to crowd-source our own jobs agenda -- the Contract for the American Dream. In August, tens of thousands demonstrated for jobs in rallies across the nation. Next week in DC, we host our first national gathering: the Take Back The American Dream conference.
The Occupation of Wall Street -- and the occupations throughout the country -- are expressions of the same spirit and dynamic. And these particular demonstrations, perhaps uniquely, contain the spark to grow into a movement that can be transformative. They are the first, small step in the creation of a movement that can restore American Democracy, and renew the American Dream.
The hundreds of young people from all five boroughs that camp out every night, in the heart of the financial district, in the rain and the cold, at risk of arrest, are providing the inspiration to draw more and more out of the shadows and into the bright light of the public square. The occupation grows larger and more diverse every day. Young people, the majority of whom are under 25 and have never before engaged in activism, are managing the arduous task of a consensus rules meeting with no sound system. The nightly general assemblies are attracting crowds in the thousands to stand amongst a group of their peers and debate our path forward as a people.
The occupation is a revival of a proud tradition of authentic, people-powered movements that have been dormant -- and that we need now more than ever. It is building into the kind of massive public demonstrations -- like those in Egypt, Madison, and Santiago -- that can shake the foundation of a system of power that has lost sight of the public good.
Now is our time to choose. Will we keep rewarding those whose financial manipulations have brought us to ruin? Or will we stand with those whose democratic innovations are breathing life into our finest ideals? Both groups are within blocks of each other in downtown Manhattan.
For the past 30 years, the country has stood behind the titans on Wall Street and their values. We listened when they said that their banks were too big too fail. Today, there is only one thing that's too big to fail: the dreams of this new generation, finding its voice in Liberty Park. All of America should now stand with them.
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70 Comments so far
Show AllI've seen the comment "400 families control more wealth than 180 million Americans." a number of times.
Could someone please say exactly WHO those 400 families are?
Knowing THAT would be the first step in knowing who to "target" when push comes to shove.
This is sort of a variation of the question: Why did Willie Sutton rob banks? Which answer was "Because that's where the money is."
The first step in the stopping of those with big bucks from buying and owning the government is by knowing WHO those with the big bucks are.
Bring the wealthy out of the shadows so that everyone can see them. Then the bottom 180,000,000 Americans can figure out what to do with those 400 families.
At least it would be a start to know the enemy.
MEL
But they as individuals are less important than the sheer smallness of their number.
What we need to strike at is the institutions -the mechanisms- of the system that makes 400 families so wealthy.
Then those 400 families can work on their own lives, free of the burden of unjustified riches. ;)
Ta Da! What a great idea! Exactly WHO are those 400 families?
Don't get me wrong, I'm not looking to make a hit list as this would bring down the law, but how about a website with folders for each family filled with cartoon-style portraits like you see in Rolling Stone as to who these people are. (See www.actual-life.com/400/wallstreet/wallstreet01.400x400.jpg from Rolling Stone Sept 1, 2011)
Cartoonists arise!
Its a mistaken notion, unfortunately.
To use a historical similitude, it is treating these 400 families like they are the Ruling Families of Florence, when they are like the Favored Courtiers of Versailles.
THEY are not the power.
They hold wealth and power because of their proximity to the power.
They are interchangeable and so their identities are of less importance than their existence.
We need to replace the Court itself, not the Courtiers. The Courtiers will just be replaced by other Courtiers. That's who populates Courts.
True enough; I hadn't thought of that. So what exactly is the court?
In other words, while it may be vogue to say that there are 400 families that are at the top of economic pyramid, no one actually KNOWS who those 400 Families are, right?
Guys, I've been here at CD for about a month now.
I've read article after article decrying the sorry state of affairs around the world in general and the United States of America in particular. I've also been reading the comments from everyone with the hope that someone would somehow come up with some kind of strategy or plan of action that would possibly contain the kernels from which could grow the solutions to the problems facing humanity.
I'm very close to the end of my life due to health issues. I have no progeny about whom I have to worry about leaving a better future. So I pretty much don't have a dog in the fight. But all my life I have wanted things to turn out well, and have always had an underlying feeling of confidence that humanity would, if necessary, be able to solve the any problems that might beset it.
So here I am, in my golden years, and there are two great problems facing mankind. The first is a burgeoning population. And the second is a changing climate.
The solution to the problem of climate change is to figure out what is causing it, and if it is something that is caused by the human race, then determine what it is and fix it.
The solution to the problem of over population is simply to lessen the rate of reproduction.
And when looking at these two problems (climate change and overpopulation), it became clear that they are inextricably interconnected, for it is becoming more and more obvious that the sheer numbers of humans on the planet, apparently is, in no small part, causing the climate change.
Now one would think that it would be only intelligent to acknowledge these realizations, and do whatever is necessary to make sure that humanity survives, right?
WRONG!
Instead, we have a situation in the world where a few individuals (the 400 families, we'll call them the Wealthy Elite) have gathered, and are still gathering together egregious amounts of wealth to, by gaining control of the governments of the world, override the common sense survival instinct of all humanity and in it's place substitute their own survival instinct. As a result, they are able to thwart the doing of the sensible things in order to assure humanity's survival, in order to assuage their own insane greed.
Now this is not to say that the wealthy elite are not aware of these two great problems, for they are not stupid. But instead of working to solve these two great problems with the best interests of humanity in mind, they have chosen instead to solve these two great problems with the best interests of themselves in mind.
And so the aforementioned "sorry state of affairs around the world in general and the United States of America in particular" happen to be part of the plan that the wealthy elite are using to solve these two great problems.
In the meantime, the earth has apparently decided that it is time to intervene in affairs of man. The forests are dying, the oceans are acidifying, the insects are raging out of control, the weather has become extreme leading to desertification of the land resulting in great die-offs due to lack of food and water. There are geological events that are possibly capable of eliminating nearly all life forms. There are disease epidemics on tap, and on top of all this natural stuff is the agenda being put forward by the Wealthy Elite concerning the economies of the world, which in light of the earth's immune system intervention pales into insignificance seriousness-wise.
Now all that is the bad news. The good news is: With all this starting, I get to count myself quite fortunate to be departing soon. Till then, I'll be watching with great interest to see what happens as the sh!t continues to hit the fan.
In the meantime, there must be some way to find out who the 400 families are.
MEL
@Mel - I don't know about 400 families, but the main players that Occupy Wall Street are dealing with are found here:
http://engforum.pravda.ru/index.php?/topic/234208-the-eight-families-that-rule-the-world/
Oops, copy and pasted and got an error ...
Here's the list you're looking for - you'll note that it's actually the richest 400 People - many less if you count Families as one.
http://daviddegraw.org/2011/09/the-richest-0-1-have-launched-a-war-on-us-its-time-to-fight-back-and-hold-these-400-billionaires-personally-responsible-for-our-economic-crisis/
The list is at the bottom of the article.
David Degraw is a great writer who should be covered here more often than he is here on CD.
And his website is front and center in the Occupy Wall Street protests.
www.ampedstatus.com
Thanks for the link. Long read, lots of good clips from other sources plus a list of the 400 richest Americans at the bottom. www.ampedstatus.com has lots of relevant videos concerning #OccupyWallStreet.
I noticed Van Jones is abusing the Occupy Wall Struck movement to publicize his own American Dream agenda. How very Demok of him. Notice how they acknowledge something valuable to the people only to exploit the attention gained through the acknowledgment. If Van Jones really cared about the people he would trumpet the mass actions taken independently every day by the people to build the political/economic power of their local communities and themselves, and comment on the synergy of those actions with Occupy Wall Struck.
"Will we keep rewarding those whose financial manipulations have brought us to ruin? "
Apparently so since you're demanding more of what brought us here. More transferral of power to govt. More manipulation of interest, currency, and markets.
From what I've seen the very people who demanded we prop up banks are now the ones complaining that it was done. The largest group saying let them fail was on the austrian econ side...all the planners and manipulaters wanted the bailouts, in order to try and refloat the bubble they'd created.
Wow, Van Jones is in campaign mode too!! First the President, now Van Jones. Next thing you know they'll be looking to coopt the movement. Oh wait, I guess this article is evidence that they already are.
I can tell from Mayor Bloomberg's recent statements that he's scared shitless and knows OWS could grow huge at this point whether he cracks down on it or not. He knows he can't afford to make a wrong call because Obama is up for re-election and will come down on him like a ton of bricks if he screws up because the federal government has been raining DHS money down on NYC for a decade now since 9/11 and Obama could easily halve that superfluous flow.
Bloomberg's top-down class warfare lie that "protesters are protesting against people who make $40,000 to $50,000 a year" is equivalent to the American Petroleum Institute ad for ABC News I saw last week that proclaimed, "development of Canada's oil sands is unquestioned good news!" Bloomberg and the API are both spouting unquestioned lies because no one in corporate mass media is allowed or will dare to question their own owners or key sponsors.
Re: Bloomberg's Big Lie: The current incarnation of Wall Street only benefits those affluent enough to gain significantly from (1) "free trade" dividends generated by foreign labor working in U.S. owned or leased manufacturing plants offshore (at the direct expense of our dying middle-class and growing lower-class), or by (2) "financialized," Fed-abetted, over-speculation in global food commodities, bio-fuels, oil, strategic or rare earth minerals, sub-prime auto loans, sub-prime student loans, more bundled sub-prime mortgages and other dubious derivatives. This financialized, "free trade" dependent McEconomy has withered the underlying real economies of America and the EU that used to produce more tradable goods of real value for domestic sale and export. They used to hang rampant over-speculators in the 17th century.
Bloomberg is well aware of all this and has personally profited over the last thirty years from the post-Carter poisoning of our real economy by the neo-liberal "financialized" economy of Wall Street: Basically a political crony infested, cannibal casino run by a US/EU cartel of mafia banksters who want everyone else to cover their bad gambling debts except the very rich and super rich who benefit from the present rigged casino.
there is bank big enough to fail, what do they talk about
Van, honey, your fifteen minutes are over. Buh bye. We have lovely parting gifts.