Showing posts with label occupy wall street. Show all posts
Showing posts with label occupy wall street. Show all posts

Wednesday, September 18, 2013

Thursday, November 24, 2011

A Former Goldman Sachs Partner Pontificates on the Real Reason for Our Sorry Financial State

For those who can stomach hypocrisy, I highly recommend this video in which we are told by a wealthy banker that the true source of our troubles is socialism:

Tuesday, November 15, 2011

This Is What Revolution Looks Like

That is the title of Chris Hedges' latest column on truthdig.org. Despite the attempts to dismantle the Occupy encampments, attempts that seem eerily coordinated, Hedges suggests that this is only the end of the first stage of a revolution by people who have seen the truth and refuse to go back to the way they were, maxing out their credit cards and watching mindless television; in short, they are refusing to continue to follow the corporate agenda, which demands passivity and uncritical acceptance of its debased imperatives.

As with most of Hedges' work, this is a piece well-worth reading.

Occupy Wall Street Police Breakup

News has spread quickly about the cowardly breakup of the Zucotti Park Wall Street Occupiers. Here is a link to a livestream covering the protesters as they move throughout the streets of New York

Saturday, November 12, 2011

The Occupy Movement and Christianity's Core Message

Gene Robinson, the ninth bishop of the Episcopal Diocese of New Hampshire and a senior fellow at the Center for American Progress, addresses the relationship between the Occupy Movement and the central message of Christianity:

Wednesday, November 9, 2011

The Trial of Goldman Sachs

Even if you only have time to watch the opening statements by Chris Hedges and philosopher, activist and professor Cornell West, this video, a mock trial of Goldman Sachs by members of Occupy Wall Street, is well-worth watching. The array of 'crimes' committed by the investment banker and the absence of any meaningful penalty for those crimes are an ample illustration of the core truth being promoted by the Occupy Movement.

Tuesday, November 8, 2011

Why the Occupy Movement Has Relevance in Canada

Thee are many who assert that the Occupy Movement has no relevance in Canada because we have a social safety net and other measures that provide a modicum of protection to the most vulnerable. They also argue for the superiority of our banking system, which required no government bailouts because it is more tightly regulated than in the United States and other jurisdictions. However, those espousing this perspective ignore a larger truth about the relationship between the powerful wealthy and government policy:

As long as provincial governments and the federal government continue to lower corporate tax rates despite the fact that current rates are more than competitive with those in the U.S. and despite the fact that we have a growing national debt;

As long as government tells its citizens that some hard choices are going to have to be made (i.e., health care spending, federal transfers to the provinces, etc.) because of that debt and deficit;

As long as the poor are made to pay by living on benefits that keep them well below the poverty line;

As long as government refuses to even consider increasing taxes on the ultra wealthy;

And as long as the working and middle classes are made to subsidize the lifestyle of the power elite while suffering a steady decline in their own standard of living, job and retirement prospects, there will be a need for an Occupy Movement that attempts to speak for those who have lost their voice.

Monday, November 7, 2011

Finding Freedom in Handcuffs

That is the title of Chris Hedges' latest column at truthdig.org, written after his arrest for sitting on the sidewalk in front of Goldman Sachs in New York. It is a powerful indictment of the immorality that pervades the ethos of unfettered capitalism, and a poignant reflection on some of the experiences that led Hedges to support and be part of the Occupy Movement.

While some may recoil from his evocative but strong imagery, his words help bring us to a truth that few are willing to truly confront as we go about our daily lives, ensconced in our layers of identity that insulate and isolate us from the true meaning of humanity.

Sunday, November 6, 2011

Chris Hedges' Indictment of Goldman Sachs

Prior to his arrest the other day for sitting on the sidewalk in front of Goldman Sachs, Chris Hedges issued the following indictment of the investment banking and securities firm:

Goldman Sachs, which received more subsidies and bailout-related funds than any other investment bank because the Federal Reserve permitted it to become a bank holding company under its “emergency situation,” has used billions in taxpayer money to enrich itself and reward its top executives. It handed its senior employees a staggering $18 billion in 2009, $16 billion in 2010 and $10 billion in 2011 in mega-bonuses. This massive transfer of wealth upwards by the Bush and Obama administrations, now estimated at $13 trillion to $14 trillion, went into the pockets of those who carried out fraud and criminal activity rather than the victims who lost their jobs, their savings and often their homes.

You can read the rest of the indictment, which includes its unconscionable food profiteering practices, here.

Thursday, November 3, 2011

The Arrest of Chris Hedges

If you advance to the 30 minute mark of this video, you will see Pulitzer Prize winner, author, and activist Chris Hedges, along with other Occupy Wall Street protesters, being arrested by the NYPD for sitting down on the sidewalk in front of Goldman Sachs, one of the chief architects behind the global collapse of 2008.

Ironic does not begin to describe this travesty.

Thursday, October 27, 2011

What Media Pundits Don't Understand

Robert Hackett, a professor in the school of communication at Simon Fraser University and a research associate at the Canadian Centre for Policy Alternatives’ B.C. Office, has written an incisive article on the failure of media pundits to understand the true nature of the Occupy Movement.

Including references to both the disgraceful Kevin O'Leary 'interview' with Chris Hedges and recent comments by Andrew Coyne, Hackett dismisses the frequently-cited criticism that the movement lacks specific demands by arguing the following:

Social movements have often started out with a shared grievance, not a particular solution. Think of the flagship of today’s global movements, environmentalism. It ranges from conservationists who want to preserve wilderness, to more politically-oriented groups advocating policies to counter global warming, to radicals who see civilization itself as the problem. A smorgasbord of approaches. But united by a concern that the ecosystems on which humans depend are threatened, and need our conscious protection.

So too with Occupy Canada. The people involved share one belief: that the currently dominant “neoliberal” or “free market” version of capitalism is not working for the vast majority of people. While it creates wealth for some, it is also the destructive global engine behind massive and growing inequality, the current fiscal and economic crisis, and climate change and environmental collapse.


Hackett's piece is well-worth perusal.

Wednesday, October 26, 2011

Capitalism Tries To Turn Occupy Wall Street Into A Commercial Venture

In what can only be regarded as a perversion of the Occupy Movement, a couple in Long Island, New York has paid a $975 patent application fee to turn the phrase “Occupy Wall Street” into a brand for a line of coffee mugs, T-shirts, bumper stickers and bags.

“If I didn’t buy it and use it someone else will,” Robert Maresca, 44, told thesmokinggun.com.


While I'm not surprised at this attempt to commercialize an anti-establishment movement, just as I am not surprised to see increasing interest on the part of Obama and the Democrats to ride its coattails for political advantage, I can only hope that the movement itself continues to represent the widest diversity of views and unrelenting challenge to conventional ways of doing things.

Chris Hedges Discusses OWS On Charlie Rose

Just back from my hiatus, I found a very recent Charlie Rose interview with the always articulate Chris Hedges and Amy Goodman of Democracy Now. It is well-worth watching as a primer for both the Occupy Movement and the corporate dominance that has turned true democracy into a charade.

Monday, October 17, 2011

The Latest From Chris Hedges

For those who have not yet read Chris Hedges' Death of the Liberal Class, his latest essay on truthdig, entitled A Movement Too Big to Fail, is must-reading.

Using the thesis from his book, namely that the members and institutions of the traditional liberal class: unions, political parties, academia, etc. long ago abandoned their function of opposing the rise of imbalance through the dominance of the power elite, Hedges asserts that the Occupy Movement will not be co-opted by those failed counter-balances.

Says Hedges:

The Occupy Wall Street movement, like all radical movements, has obliterated the narrow political parameters. It proposes something new. It will not make concessions with corrupt systems of corporate power. It holds fast to moral imperatives regardless of the cost. It confronts authority out of a sense of responsibility. It is not interested in formal positions of power. It is not seeking office. It is not trying to get people to vote. It has no resources. It can’t carry suitcases of money to congressional offices or run millions of dollars of advertisements. All it can do is ask us to use our bodies and voices, often at personal risk, to fight back. It has no other way of defying the corporate state. This rebellion creates a real community instead of a managed or virtual one. It affirms our dignity. It permits us to become free and independent human beings.

I especially like his reference to creating a real community and affirming our dignity, permitting us to become free and independent human beings. It is through the spreading realization of this strength as individuals opposing a system rigged in favour of the few that the many will grow and have a voice.

So despite Bob Rae stopping by at the St James encampment the other day, no doubt for political advantage, and despite unions beginning to show solidarity with the movement, they are not the important elements in this fight, having long ago sold out principle to become part of the power structure. It is the people themselves, you and I and all others who want to see change, that are the ones who matter in this movement.

Sunday, October 16, 2011

John Steinbeck and the Occupy Wall Street Movement



In my days as a high school English teacher, one of my favourite books to teach was John Steinbeck's Grapes of Wrath, the story of dispossessed farmers who, due to drought and economic factors, are forced to leave their land behind and travel to California in the hope of starting a new life. That new life ultimately turns out to be one of terrible privation and exploitation as they seek work as migrant pickers, desperate to earn what little money they can to stave off complete starvation.

But beyond being a stinging indictment of an economic system that has stopped working for the people, the novel is ultimately a tale of strength and hope, informed as it is by the author's deep humanity and social conscience.

As I follow the Occupy Wall Street Movement, I find myself thinking of the things against which the movement is protesting, things that have, in fact, been part of the North American economic system for a very long time. But I also think of something else as well, a notion or concept that saves Steinbeck's novel from being a document in despair, a notion that I see very much alive in the people fuelling the Wall Street Movement.

First to the concept: Steinbeck believed in something called Manself which, while difficult to precisely define, is based on the notion that there is something within the human spirit, something we all share and are united by that propels us forward toward something beyond the status quo.

A quote from Chapter 14 (one of the intercalary chapters that breaks from the main narrative of the Joad family's struggles) of The Grapes of Wrath offers a useful demonstration:

For man, unlike any other thing organic or inorganic in the universe, grows beyond his work, walks up the stairs of his concepts, emerges ahead of his accomplishments. This you may say of man – when theories change and crash, when schools, philosophies, when narrow dark alleys of thought, national, religious, economic, grow and disintegrate, man reaches, stumbles forward, painfully, mistakenly sometimes. Having stepped forward, he may slip back, but only half a step, never the full step back.

This you may know when the bombs plummet out of the black planes on the market place, when prisoners are stuck like pigs, when the crushed bodies drain filthily in the dust. You may know it in this way. If the step were not being taken, if the stumbling-forward ache were not alive, the bombs would not fall, the throats would not be cut. Fear the time when the bombs stop falling while the bombers live- for every bomb is proof that the spirit has not died. And fear the time when the strikes stop while the great owners live – for every little beaten strike is proof that the step is being taken.

And this you can know- fear the time when Manself will not suffer and die for a concept, for this one quality is the foundation of Manself, and this one quality is man, distinctive in the universe.

The above have always been powerful words for me, as Steinbeck articulates the strength of humanity, the willingness to live and die by principles and beliefs that are a threat to the powers-that-be. He tells us to fear the time the bombers stop dropping the bombs not because he is extolling warfare, but because he sees the use of armed repression as a powerful example of how threatened by the innate strength of humanity are those those who would control us, dictate the terms of our existence, and consign us to lives of misery if they can benefit from that misery.

Essentially he is telling us that whether or not our fight against injustice, evil, and inequity is successful in the short-term isn't the ultimate consideration. Rather, it is the fact that there are those among us who will fight, even if the odds are against them, who will suffer, even die, because their cause is just, that is the reminder of what we are and what we can be. It is, in fact, a strong repudiation of those who would have us believe that we are simply consumers of their goods, voters for their party, fodder for their economic empires.

It is this spirit of Manself, this defiance, this resilience, this refusal to any longer passively submit to a fate determined by the corporate agenda, to in fact confront it and work to defeat it, that I see in the Occupy Wall Street Movement.

It is that thing the power elite, responsible for so much inequity, so much environmental destruction, so much suffering and despair, should be afraid of.

Friday, October 14, 2011

Pop Quiz: Can You Detect The Bias In This News Report?

Hint: it's from a Fox affiliate.

Funny, But True

Enjoy this satire that really isn't a satire about the 1%:

A Victory For The Occupy Wall Street Movement

With the world watching, and over 300,000 names on a petition to stop it, the planned 'cleanup' of Zuccotti Park, formerly called Liberty Plaza Park, has been halted. The cleanup, which had been ordered by Mayor Bloomberg and was to have involved the 'muscle' of the NYPD, was to have taken place at 7 this morning; In a a pretty transparent attempt to end the occupation, the protestors had been told that after the cleanup, they would not be allowed to bring back sleeping bags, tents, etc.

As reported by occupywallstreet.org, more than 3,000 people gathered at Liberty Plaza in the pre-dawn hours this morning to defend the peaceful Occupation near Wall Street. The crowd cheered at the news that multinational real estate firm Brookfield Properties will postpone its so-called “cleanup” of the park and that Mayor Bloomberg has told the NYPD to stand down on orders to remove protesters. On the eve of the October 15 global day of action against Wall Street greed, this development has emboldened the movement and sent a clear message that the power of the people has prevailed against Wall Street.

The world continues to watch.

Thursday, October 13, 2011

What the Occupy Movement Means for Canada

There is a surprisingly good article (but only online, I think) in the Globe and Mail by an economist with the Canadian Centre for Policy Alternatives, Armine Yalnizyan, who offers an interesting assessment of the Occupation Movement.

These are a few of the facts the article brings forth:

Raise the top tax rate by 3 per cent on those making over $250,000 -- a round number which marks the entry gate for the fabled 1 per cent - - and, at 32 per cent, you’d still pay less than the 33 per cent rate in the U.S. at that income level. It would raise about $2-billion, the federal share of, say, a national child-care program.

A 35 per cent tax bracket for Canadians whose income is higher than $750,000 -- the U.S. top rate, except there it’s applied on incomes above $373,650 -- would yield $1.2-billion. Over a decade, that could pay for the federal share of fixing drinking-water and waste-water infrastructure across Canada.

Realistically, however, such is not going to happen in the near future. As Yalnizan points out:

But governments are increasingly tangled up in elite interests. The latest example is Finance Minister Jim Flaherty‘s drive to marshall support to scuttle a proposed financial transactions tax, a mechanism that could help slow down the wild gyrations of the stock market we’ve witnessed of late. Flaherty and other G20 finance ministers will be meeting in Paris just as thousands of Canadians gather to Occupy Toronto on Bay Street. He will be protecting certain interests, just not those of the majority of Canadians.

And that will likely remain the status quo, unless and until enough of us join the movement to make both our voices, and our outrage, heard.

Wednesday, October 12, 2011

Gerald Caplan Writes on The Occupy Wall Street Movement

In an online article entitled This is what democracy looks like: Occupying Wall Street and Bay Street, Gerald Caplan and Amanda Gryzyb discuss why the occupation movement is a healthy expression of the people, and address some of the inequities that will surely help focus its Canadian incarnation beginning on October 15: vast social inequities, climate change, rising unemployment, precarious jobs, the lack of upward social mobility and the egregious corporate influence over government.

More specifically in Canada, some dismaying facts about life here are as follows:

The youth unemployment rate is 17.2 per cent. An increasing number of Canadians – young and old – are precariously employed or underemployed, without benefits and without job security.

The poverty rate in Canada is over 10 per cent, and one in seven children live in poverty.

Our homeless shelters are over capacity and our food banks face constant shortages.

Tuitions at Canadian universities are rising, and graduating students are debilitated by student loan debt.

A nation of such wealth simply should not have such glaring social inequities.


Let's hope for a good turnout on Saturday.