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.
Wednesday, November 9, 2011
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.
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.
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.
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.
Friday, November 4, 2011
Sticks and Stones...
Emboldened and enraged by the demagogic politics that substitute for reasoned discussion in the United States, an unemployed man is shown misdirecting his anger at Democratic Massachusetts' Senate hopeful Elizabeth Warren in the following video. Calling her a 'socialist whore,' he adds that she is in the service of a 'foreign-born boss,' President Obama.
As long as the right is able to engender fear, anger and hatred instead of real hope, the Occupy Movement will have a steep upward battle in convincing that member of the 99% that progressives are not his enemy.
As long as the right is able to engender fear, anger and hatred instead of real hope, the Occupy Movement will have a steep upward battle in convincing that member of the 99% that progressives are not his enemy.
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.
Ironic does not begin to describe this travesty.
More On Toronto G20 Incarceration Conditions
As human beings, there is really no way that we can dispute our deeply-flawed natures. Overlooking the terrible depths to which we can sink, the unspeakable cruelties each of us is capable of, and seeking to justify or rationalize away those shortcomings is to choose to remain in a state of willful ignorance that only makes our failures worse.
That is one of the reasons I am glad that the abuses of the Toronto G20 are not being forgotten, despite the fact that time is moving on. The patent violation of our Charter Rights by those in whom we entrust our safety and those in whom we entrust high political office should never be forgotten or minimized. That is why I am glad for newspapers like The Toronto Star which yesterday provided video footage of the terrible conditions under which 1100 mostly innocent people were incarcerated, and today has a story suggesting that those conditions may have violated the United Nations’ “Standard Minimum Rules for the Treatment of Prisoners.”
You can read the entire story "G20 jail photos raise ‘alarm bells’ for police chair" here.
That is one of the reasons I am glad that the abuses of the Toronto G20 are not being forgotten, despite the fact that time is moving on. The patent violation of our Charter Rights by those in whom we entrust our safety and those in whom we entrust high political office should never be forgotten or minimized. That is why I am glad for newspapers like The Toronto Star which yesterday provided video footage of the terrible conditions under which 1100 mostly innocent people were incarcerated, and today has a story suggesting that those conditions may have violated the United Nations’ “Standard Minimum Rules for the Treatment of Prisoners.”
You can read the entire story "G20 jail photos raise ‘alarm bells’ for police chair" here.
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