Wall Street

Posted on October 12, 2011
Filed Under politics | Leave a Comment

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There’s a shit load of action on the streets of America right now. It’s just like 1968 only the music is not as good. Here’s hoping that some real change can be achieved, since it’s fairly clear that in the eternal struggle between capital and labour, capital is beating the bejesus out of the workers, as is explained  here, in the Business Insider, a publication for the bosses which is itself concerned at the level of structural inequality.  Matt Taibi from The Rolling Stone has been writing about these issues for the last three years now, and he is excited to see the occupy Wall Street protests. In this article, he writes about  how he thinks they should be approaching this problem….

I’ve been down to “Occupy Wall Street” twice now, and I love it. The protests building at Liberty Square and spreading over Lower Manhattan are a great thing, the logical answer to the Tea Party and a long-overdue middle finger to the financial elite. The protesters picked the right target and, through their refusal to disband after just one day, the right tactic, showing the public at large that the movement against Wall Street has stamina, resolve and growing popular appeal.

But… there’s a but. And for me this is a deeply personal thing, because this issue of how to combat Wall Street corruption has consumed my life for years now, and it’s hard for me not to see where Occupy Wall Street could be better and more dangerous. I’m guessing, for instance, that the banks were secretly thrilled in the early going of the protests, sure they’d won round one of the messaging war.

Why? Because after a decade of unparalleled thievery and corruption, with tens of millions entering the ranks of the hungry thanks to artificially inflated commodity prices, and millions more displaced from their homes by corruption in the mortgage markets, the headline from the first week of protests against the financial-services sector was an old cop macing a quartet of college girls.

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