hi all. one of my favorite ironic sayings-- be careful what you wish for, you might get it. Im feeling that way lately. Ive been advocating economic issues for many years now, esp since 911. from a progressive angle. something seemed broken, but like a fish in water, it was impossible to see it and articulate it to the masses. oh, I saw it clear enough, but I guess the water wasnt dirty enough for others to see it clearly. or see it dirty. you know what Im saying?
so here we are and its been about 3 wks since I wrote my last post. and I must admit Im a bit dumbfounded at the size, scope, scale, energy, intensity, resolve, tenacity of this thing. yeah Im pretty jaded if you read my writing, but lately I feel like theres actually hope for humanity. so at this point the wall st marches have exceeded anyones expectations and predictions and have spread all over the world. its truly a global issue. I guess the elites are seeing a new perspective on so-called "globalization" huh?
so yeah this movement is a dream come true for me. its too bad that people had to wait so long, and for things to get so bad, to unify. the rising inequality in US culture has been increasing for 3 decades, basically ever since reagan and his "voodoo economics".
Im all for some reasonable level of privatization and agree that private business sometimes handles some areas more efficiently than govt, but after awhile, you start to wonder whats left! we've sold our national soul to the devil, and now the public is out in the streets, asking for it back.
as they say in NY, "and hows that going?" or... "and good luck with that".
so, Ive been collecting the gobs of flying links and can barely keep up. the current moment is definitely a near once-in-a-lifetime moment. Im not sure how big the protests compare to the antiwar protests & marches prior to Iraq invasion [they seem smaller to me so far] but its nevertheless a massive phenomenon that is arguably crossing the left/right divide-- exactly as it needs to.
so, I barely have to write anything anymore, everyone else is writing it for me.
I used to consider marches and protests kind of a futile gesture. Ive changed my thinking on that. I think its a way to *start* the action. its a call to arms. its like a meeting of minds, attempting to build a consensus. its the first stage. the next stages will come over many years as people attempt to convert their abstract ideas into concrete directions. we have to figure out what is needed and how to accomplish it. that is not an instantaneous process. a movement is a multiyear shift. I think we are seeing that.
* * *
Im also thinking a lot about obama and his hopey-changey schtick. he is attempting to speak in the language of the 99%s and say that he understands their concerns. I have a love/hate relationship with obama. he's not doing what he was elected to be doing. he's not doing what we hired him for. he was elected to challenge the status quo. its astonishing how quickly he melded into the status quo. like an ice cube melting in the sunlight.
this is a admittedly a serious flaw in our political system that it has a tendency to co-opt and water down whatever wildcard is introduced to it, but we need a fighter, not a calm, cool, and collected negotiator. that works in normal times, not in extreme times. we are living right now in one of the most extreme times. we need someone who can take the reigns, and reign in the abuses. increasingly obama just looks like hes along for the ride.
its strange how you could take any one of the 99%s demands, and see it reflected somewhere in obama's campaign promises. Im sure this could be done. its an interesting exercise and I hope someone does it. but the 99% is frustrated with the progress. in a word, there is none.
so obama, you had your chance, but you blew it. you say you're sure the next election is gonna be "close" but even that sounds like an unconvincing stretch for you.
but, you're right. at this point the public is very well trained. how many years has it been since a new political party was formed in this country? or a 3rd party candidate has actually been elected? the public even in its anger, frustration, and desperation is unlikely not to elect a democrat or republican next election.
* * *
without further ado, commentary on all the links. some amazing stuff in this pile. Ive organized it as best I can into sections that occurred to me.
in [context], we have some nice analyses about the origins of the movement. it was started by a magazine called "adbusters". the perfect magazine, Ive read this intermittently over the years. in some ways its a very depressing magazine, but in some ways our climate is very depressing.
adbusters is the closest to an anti-capitalist magazine one could ever find in the world. its quite subversive, quite a trip. they advocate stuff like boycotts, "buy nothing day" and "watch nothing [on tv]" days. pick up a copy sometime and marvel at it. at times, its like anarchist graphic designers run amuck. but, they have a critical message, and it finally got out of the small box and into a much larger arena.
also in [context], robert reich talks about how the democratic party has reneged on its implicit promises to the progressives and the long history of 20th century elections/presidents that has gotten us where we're at. I included a few polls that track 99%s opinions.
in [tea], I have a few links that talk about how the tea party was apparently coopted by the kochs and corporations. its an astonishing thought, and unprecedented in history I would argue, that corporations have enough money to basically hire their own faux social movements, but it appears that the tea party is exactly that. it has documentation for how the tea party was basically freely promoted and coopted by fauxnews.
in [spread] I capture the articles talking about the spread of the protest across cites and even across the world into europe, britain, and even asia-pacific region.
one article counts 900 protests over the world.
in [power] we see some amazing media reaction talking about a Seismic Effect. halleluja, critical mass! the responses are amazing compared to the early tenuous, straggly, laughable beginnings of the movement. reports of major collections probably nearing nearly half a million dollars at this point.
* * *
I collect many links that capture knee-jerk reactions. one of the most shocking is Geithner announcing that "action against wall street is coming". if only action against GEITHNER was coming! krugman is a big advocate and states there is a "panic of the plutocrats" [or as other articles state, the right is "terrified" or that corporate elites are "petrified"] but as I wrote in a comment, I havent seen any trembling/quivering plutocrats lately, and instead what I suspect is that they're just laughing maybe a little less loud lately....
I say, the public should not deceive itself with illusions or delusions of their influence. if nothing changes, which in my mind is still quite possible given the existing power structures, the public has wasted its energy. the public does not realize that very much like a child, a tantrum alone [while quite noticeable] has no effect whatsoever.
one very striking reaction in [react] is people attempting to close or move their accounts and big banks rejecting or arresting people over that. now *that* is definitely something that would cause plutocrats to tremble and freak out.
also in [react], lisa simeone, a NPR freelancer lost her job over her outside-work protests because they interfered with her journalistic impartiality, I guess. isnt that amazing? I hope a journalist that is fired in this way sues their employer for wrongful termination under her freedom of speech and freedom of assembly constitutional rights. Im sure its not the 1st and Im sure its not the last. krugman stated that he declined participation in the protests because of his NYT contract.
in [support] I list some of my personal favorite reactions. Stiglitz, krugman economists. suze orman, jesse jackson, van jones, kanye west, chris hedges, sen ted kaufman, alec baldwin, naomi wolf, russell brand. also the huffington post, kind of late to the party, finally reacted in a big way and created an entire separate section for 99% essays. when I 1st looked it had *ten pages* of essays. way to go queen Arianna. glad you woke up from your slumber.
in [critic] I look at apologistic or critical reactions to the protests. the Right & conservative reactions. its nice to see Fox News squirming for a change. a rare event.
* * *
in [ineq] I have the same story about wealth disparity/inequality that Ive been writing on for many months. you know when they make a "food insecure" muppet, the world is upside down. I guess thats the PC term for poverty these days.
there is also some stunning news that since the recession, wages among the middle and lower classes has *declined* rapidly in comparison to earnings of the 1%ers.
especially important is the slide presentation "the spirit level, slides from equality trust". what this represents is a lot of neutral academic
research into wealth inequality, and show that its tied to a whole host of social problems. in fact, I think this is an understatement and suggest that wealth inequality is a possible rossetta stone for understanding societal health.
so many other negative repercussions are connected to it, it seems reasonable to define it as a "core problem/challenge of society". conservatives are not even able to comprehend or address this kind of solid, scientific information, and thats a massive gap in their ideology.
in [dysfunctional] I list the ways in which our economy seems to be fundamentally dysfunctional. there are rumors that large banks are near collapse even *after* the bailouts. banking as a OLIGOPOLY, or simply, a CARTEL. I suspect there is another factor. the amazing sophistication and advances in the IT field have extremely benefitted finance industry in the form of stock exchange technology and economies of scale in aggregating and automating literally millions of banking accounts with eg ATMs etcetera.
also, leading to massively more aggregated, complex, diverse financial instruments such as derivatives, CDOs etcetera. but, could it be a kind of technological bubble? similar to the dotcom crash except in the banking industry?
another stunning bit of scientific research I would put along with the Equality Trust slides is new research that analyzes corporate ownership and finds a "core system" of a small number of corporations that control massive wealth. it looks like a virus or a cancer-- possibly metastasized! yes, I think it is *not* science fiction to talk about a corporate network that is parasitizing the government systems of the world.
also I have the documented reference that 93% of elections are won by the candidates who spend the most money on their campaigns.
in [dysfunctional] we have Tom Engelhardt talking about the military industrial complex as the biggest of the Too Big to Fail systems. you dont hear a lot about the Warmachine in the wall street protests, but as I argue elsewhere, I think its at the core of our biggest gaping chasms confronting us.
* * *
so, thats a lot of heavy stuff to digest, but in in [fix] I show that theres a light at the end of the tunnel. [oh yeah I do recall that guy with the sign, "due to budget cuts, the light at the end of the tunnel has been turned off"... darkly hilarious.... talk about gallows humor....]
in fix I consider new forms of economics that look at the nature of growth. Geithner is recently on record as saying that protesters are angry about lack of growth, but in some ways, maybe he is utterly misreading the protests. growth would only lead to more of the same, it seems, and after 30years of growth, we have rampant wealth disparity. therefore it seems very clear that in many ways, similar to War, Growth is Not the Answer.
hermann daly is a brilliant economist who has been mapping out a new kind of economics, one that is based on analogies to real ecosystems. an analogy that existing economics confronts with a kind of blind autism. in fact there is a advocacy and ideological group in france that is named Post Autistic Economics.
other solutions, breaking up the big banking cartels/oligopolies. publicly owned banks. firing tim geithner. understanding the nature of the commons. focusing on the incestuous nexus between illegitimate corporate and government power, that even the tea party agrees on in a remarkable Venn diagram.
finally in my humor section I have a collection of the great wall st signs sayings, and of course, some eye candy. hey, dont blame me, its a young vibrant crowd protesting wall st and someone managed to celebrate that with a video montage. there really is no other better way to "sell" stuff, huh? might as well even sell the Movement. maybe the revolution will indeed be televised-- on Youtube.
How Occupy Wall Street Really Got Started | Mother Jones
The origins of Occupy Wall Street explained - War Room - Salon.com
Douglas Schoen: Polling the Occupy Wall Street Crowd - WSJ.com
Robert Reich: The Wall Street Occupiers and the Democratic Party
Occupy Wall Street: Why Baby Boomers Don't Understand the Protests - The Daily Beast
America Returns to Our Proud History of Hating -- and Fighting -- Wall Street | Occupy Wall Street | AlterNet
The Hill Poll: Voters say Washington is worse than Wall Street - TheHill.com
Tea Party Funding Koch Brothers Emerge From Anonymity - Peter Fenn (usnews.com) spread
The Tea Party Movement: Who's In Charge? - Chris Good - Politics - The Atlantic
Rasmussen, Schoen lie early in new tea party book | Media Matters for America
Anti-Wall Street Protests Spread to Other Cities - NYTimes.com
Protests against Wall Street spread across U.S. â€“ USATODAY.com
LIVE UPDATES: Occupy Wall Street Movement Spreads To Other Cities
From Wall St. to K Street: Protests Kick Off In Washington DC October 6 | Activism & Vision | AlterNet
This Is Only Getting Bigger: 20,000 Rally in New York to Support Occupy Wall Street | | AlterNet
Wall Street Protests Spread to Asia-Pacific Region - Bloomberg
Around the World, Protests Against Economic Policies - NYTimes.com
Occupy Wall Street protests go global - The Washington Post
LSE Access Curbed as Protests Spread - Bloomberg
â€˜Itâ€™s a dream-sharingâ€™: Can Occupy Wall Street spark a broad-based movement? | The Lookout - Yahoo! News
Occupy Wall Street protests - live coverage | World news | guardian.co.uk
Millionaire's March: Protesters Hit the Streets in NY and Visit the 1 Percent at Their Homes | Activism & Vision | AlterNet
Who's behind the Wall St. protests? - Yahoo! News
Occupy Wall Street Goes Global: 900 Protests Around the World, Thousands in Times Square | | AlterNet
Occupy Wall Street Wins Converts, Flummoxes Cops on Global Day of Protest | Occupy Wall Street | AlterNet
"This is the Beginning of Something Big": Report From AlterNet Staffer Arrested on Brooklyn Bridge | AlterNet
Putting Pundits to Shame: Protesters Know Exactly What They're Fighting For | Activism & Vision | AlterNet
Anonymous Vows NYSE Attack to Support Wall Street Protests - Businessweek
Occupy Wall Street Trades in 'The Whole World is Watching' for Watching the Whole World | Occupy Wall Street | AlterNet
How Occupy Wall Street Can Avoid Cooptation - The Daily Beast
Occupy Wall Street sits on war chest - NYPOST.com
Occupy Protestsâ€™ Seismic Effect - Yahoo! News
Occupy Wall Street Will Have Seismic Effect, Marks Split With Obama, Dems - The Daily Beast
Occupy Wall Street's Remarkable Success | Occupy Wall Street | AlterNet
One Month In, Occupy Wall Street Protesters Appear Poised to Change US Politics | | AlterNet
Eliot Spitzer: Why Occupy Wall Street Has Already Won | Occupy Wall Street | AlterNet
Occupy Wall Street's $435,000 In Donations Could Last The Winter
Geithner: Action against Wall St. coming - Tim Mak - POLITICO.com
Occupy Wall Street Protests Rankle the Rich - Yahoo! News
Panic of the Plutocrats - NYTimes.com
5 Reasons the Right Is Terrified of Occupy Wall St. | Tea Party and the Right | AlterNet
Why Corporate Elites Should Be Petrified of Occupy Wall Street | Occupy Wall Street | AlterNet
Jonathan Weiler: The Media and the Five Stages of Grief Over Occupy Wall Street
The Real Reason Why Police Cage Peaceful Protestors | | AlterNet
Wall St. Has Poured Millions into the NYPD -- Are They Getting Their Pay Back Now? | Occupy Wall Street | AlterNet
Occupy Wall Street Protesters, Not Bankers, Arrested in New York - The Daily Beast
12 Most Absurd Laws Used to Stifle the Occupy Wall St. Movement Around the Country | Occupy Wall Street | AlterNet
Occupy Wall Street Showdown: Triumph and Tense Clashes | Occupy Wall Street | AlterNet
Â» Big Banks Refuse to Let People Close Accounts Alex Jones' Infowars: There's a war on for your mind!
Banks across country refuse to let customers close accounts in protest | Mail Online
Occupy Wall Street: second senior NYPD officers faces investigation | World news | guardian.co.uk
Occupy Wall Street: 992 Arrested at Price Tag of More Than $3.4 Million | Occupy Wall Street | AlterNet
Wall Streetâ€™s Second Occupation: The Rise of the NYPD's Homeland Security State | Occupy Wall Street | AlterNet
We Have a First Amendment Right to Protest -- So Why All These Arrests Around Occupy Wall Street? | Occupy Wall Street | AlterNet
Lisa Simeone, NPR Freelance Host, Fired For Occupy DC Involvement
'I don't think they appreciate what the City contributes' - Business News, Business - The Independent
Nobel-winning economist supports â€˜Occupy Wall Streetâ€™ | The Raw Story
Confronting the Malefactors - NYTimes.com
Suze Orman: "Occupy Wall Street": Approved!
Rev. Jesse Jackson: Don't Sleep Through the Revolution
Van Jones on America's Uprising: It's Going To Be an Epic Battle | Activism & Vision | AlterNet
Kanye West, Susan Sarandon, More Stars at Occupy Wall Street: Photos - The Daily Beast
No Excuses -- Join the Occupy Wall St. Movement or Stand on the Wrong Side of History | World | AlterNet
Occupy Wall Street rediscovers the radical imagination | David Graeber | Comment is free | guardian.co.uk
Occupy Wall Street: The Most Important Thing in the World Now | Occupy Wall Street | AlterNet
â€˜Arab Springâ€™ on the Hudson: Social Mediaâ€™s The Same The World Over | EpicenterÂ | Wired.com
Jared Bernstein: Occupy Wall St.: This Is Not a Head Scratcher
Wall Street Loses Its Immunity - NYTimes.com
Ted Kaufman: The Volcker Rule and Occupy Wall Street
Jeffrey Sachs: Message to Wall Street
Occupy Wall Street is a Movement Too Big to Fail | | AlterNet
Alec Baldwin Visits Occupy Wall Street, Talks Federal Reserve
Occupy Wall Street : Pictures, Videos, Breaking News
Naomi Wolf Arrested as Occupy Confronts Cuomo | Mother Jones
Protesters Against Wall Street - NYTimes.com
Occupy Wall Street: Russell Brand joins protest in New York | Mail Online
Review & Outlook: What's Occupying Wall Street? - WSJ.com
5 Reasons Why 'Occupy Wall Street' Won't Work - Daniel Indiviglio - Business - The Atlantic
In Private Conversation, Wall Street Is More Critical of Protesters - NYTimes.com
Andrew Breitbart's Pathetic Attempt to Smear Occupy Wall St. | | AlterNet
How the Right's Lame Attack on Occupy Wall St. Shows the Poverty of Conservative Ideology | Occupy Wall Street | AlterNet
Protesters Are Gunning for Wall Street, With Faulty Aim - NYTimes.com
Tea party goes after Occupy Wall Street - Robin Bravender and Kenneth P. Vogel - POLITICO.com
10 Craziest Things Said About Occupy Wall Street | Occupy Wall Street | AlterNet
The Big Picture: A 40-Year Scan of the Right-Wing Corporate Takeover of America | | AlterNet
Hungry Muppet to appear on "Sesame Street" - Yahoo! News
Tyler Cowen'sÂ Great Stagnation: The middle class is doomed. - Slate Magazine
If Top 1% Hadn't Ripped Off Trillions, You'd Likely Be Making Thousands of Dollars More Right Now | Economy | AlterNet
How Unequal We Are: The Top 5 Facts You Should Know About The Wealthiest One Percent Of Americans | ThinkProgress
10 Things to Know About Wall Street's Rapacious Attack on America | | AlterNet
The Reign of the One Percenters: How Income Inequality Is Destroying Our Culture | Occupy Wall Street | AlterNet
2000s: The Decade from Hell for Almost All Americans But The Richest | | AlterNet
Elizabeth Weill-Greenberg: A Letter to Kim Kardashian: Why We Occupy
Top 1 Percent of Americans Reaped Two-Thirds of Income Gains in Last Economic Expansion â€” Center on Budget and Policy Priorities
David Rohde: Wall Street's Long Occupation of the Middle Class
5 Facts You Should Know About the Wealthiest One Percent of Americans | Economy | AlterNet
The Spirit Level - slides from The Equality Trust
How Killer Student Debt and Unemployment Made Young People the Leaders at Occupy Wall Street | AlterNet
5 Conservative Economic Myths Occupy Wall St. Is Helping Bust | Occupy Wall Street | AlterNet
How the Occupy Wall Street Protesters Can Defeat the Corporate Elite | Activism & Vision | AlterNet
Americaâ€™s â€˜Primal Screamâ€™ - NYTimes.com
Wall Street Sees â€˜No Exitâ€™ From Financial Woes - Bloomberg
Banking Has Become an Oligopoly Instead of a Competitive Business -- And That's Really Bad News for Us 99% | Economy | AlterNet
Bank of America, Citigroup, Morgan Stanley Could Be Headed Toward Collapse -- Will Obama Have the Guts to Do the Right Thing This Time? | Economy | AlterNet
'Modern capitalism has reached the end of its ropeâ€™ â€” RT
Dylan Ratigan: Platinum Citizenship
How Bank of America Covered Up Fraud by Silencing Whistleblowers | Investigations | AlterNet
Study shows that one 'super-corporation' pulls the strings of the global economy | Mail Online
Revealed â€“ the capitalist network that runs the world - physics-math - 19 October 2011 - New Scientist
The Greeks Are Being Unfairly Maligned by Global Financiers: The Truth Is Very Different | | AlterNet
Robert Scheer: Let Them Eat Keller
Money Wins Presidency and 9 of 10 Congressional Races in Priciest U.S. Election Ever - OpenSecrets Blog | OpenSecrets
Tomgram: Engelhardt, Bailing Out the Complex | TomDispatch
Study: Wealthy Stockbrokers More Dangerous Than Psychopaths | Tea Party and the Right | AlterNet
What We Can Learn from Germany: How Countries With Publicly Owned Banks Do Better Than America | Economy | AlterNet
Prosperity Without Growth by Tim Jackson | Book review | Books | The Guardian
The Struggle for the Commons | The Nation
It's in all our interests to understand how to stop another Great Depression | George Monbiot | Comment is free | The Guardian
The Oil Drum | Herman Daly: Towards A Steady-State Economy
Dylan Ratigan: To Be With the 99%, President Obama Must Fire Tim Geithner
Don Tapscott: Three Principles for a New Wall Street
Matt Taibbi: Break Up the 'Too-Big-to-Fail' Financial Behemoths that Destroyed the Economy | Economy | AlterNet
That Tea Party-Occupy Wall Street Venn Diagram - Business Insider
5 New Rules for an Economy That Works | Economy | AlterNet
Occupy Wall Street Signs In Zuccotti Park
Hot Chicks of Occupy Wall Street on Vimeo
vzn essays on economics occupy wall street-- my speech to the masses
wealth disparity, main causes of-- the battle for USA's soul
Corporatocracy, our New Reality.. whats the answer?
CLASS WARFARE-- is it really such a bad thing?
Globalization.. the Big Scam/Sham/Farce/Lie
ayn rand, hickman, and a new, nuanced theory of regulation
fed audit tipping point close? or too good to be true?
save the economy!! audit the fed!! slice the parasite(s)!!
ideas on fixing capitalism-- "rising tide" taxes, simplify!