I don’t often quote this much, but OWS is growing exponentially and the following is seriously excellent commentary. We are at a pivot point in the country now. Let’s keep the movement growing.
The OWS protest has legs at this point in history. The failed debate on the stimulus and a USA blank check for the IMF is exactly what the protesters need. A rallying point. I think they will get what they need/want to take this to the next level. It will happen over the next two weeks. As a result, the OWS movement will go nuclear. I wouldn’t be at all surprised if it ends with violence. There are too many cops and way too many angry people. Soon they will have something to be really be angry about.
The problem isn’t just a few “bad apples.” The crisis is not the result of the selfishness of a few investment bankers; it is the inevitable consequence of an economic system that rewards cutthroat competition at every level of society. Capitalism is not a static way of life but a dynamic process that consumes everything, transforming the world into profit and wreckage. Now that everything has been fed into the fire, the system is collapsing, leaving even its former beneficiaries out in the cold. The answer is not to revert to some earlier stage of capitalism—to go back to the gold standard, for example; not only is that impossible, those earlier stages didn’t benefit the “99%” either. To get out of this mess, we’ll have to rediscover other ways of relating to each other and the world around us.
Police can’t be trusted. They may be “ordinary workers,” but their job is to protect the interests of the ruling class. As long as they remain employed as police, we can’t count on them, however friendly they might act. Occupiers who don’t know this already will learn it firsthand as soon as they threaten the imbalances of wealth and power our society is based on. Anyone who insists that the police exist to protect and serve the common people has probably lived a privileged life, and an obedient one.
Open letter to OWS from FedUpUSA, one of the original Tea Parties:
We support you in exercising your First Amendment Right. We are outraged that any peaceful demonstrator would be assaulted or abused by any authorities.
If you are protesting because there are no jobs— We stand with you.
If you are protesting because no one has gone to jail— We stand with you.
If you are protesting because everything costs more— We stand with you.
If you are protesting because you are tired of our bought and paid for government on both sides— We stand with you.
Only Together, can we Implement Change
Karl Denniger, founder of the original Tea Party, delivers a scathing response to Obama’s sleazy evasions. This again shows that the current battle in this country is about the 1% vs. the 99% and not about left vs. right.
So Obama said the other day that “What Wall Street did was immoral, but it wasn’t illegal” in response to a question about why nobody had gone to jail.
Really Mr. President? None of the following is illegal?
Laundering drug money. Wachovia admitted to doing it in court.
The former chief risk officer for Citifinancial testified under oath before the FCIC that the company knowingly sold loans on to investors that did not meet their quality guidelines and published claims. In fact, he testified that by 2007 80 percent of those loans were defective.
Ponzi Schemes generally. Ok, Mr. President, how about all the stock analysts, the market callers, and pension fund managers along with the real estate industry that have been pumping 8, 10 or 11% annualized returns for the last three decades?
Jefferson County Alabama jailed several politicians and others for bribery and other crimes related to the infamous “sewer bond” nonsense. Why have no bankers gone to prison?
Perjury is a felony in most circumstances. Banksters admitted to more than 100,000 instances of it by withdrawing perjured (“robosigned”) affidavit
Sarbanes-Oxley criminalized false accounting statements.
Sorry MSM, but your storyline of communists, socialists, unions, and Obama supporters being the force behind the Occupy Movement is nothing but bullshit. All you old farts on this blog who think the Millenials aren’t worth spit, are about to get a rude awakening. This Fourth Turning is starting to take shape. [Note from Washington’s Blog: “The Fourth Turning” is a book on the cycles of history, endorsed by such a diverse group as Newt Gingrich on the right and Al Gore on the left. “Millenials” is, basically, a group of young people within a certain age range.] A generational war is coming. The Millenials are not dumb. They can see they’ve been screwed by the older generations. They didn’t create this debt. They didn’t make promises that can’t be kept. They didn’t build an unsustainable military empire. But they are the ones being stuck with the debt and no jobs. They have a right to be pissed off.
The real reason we are seeing this movement right now is because
Capitalism, the last great ideological system, is in crisis.
This isn’t merely a crisis of outcomes (economic depression, financial panic, etc.), it’s a crisis of BELIEF. While people generally believe in the idea of capitalism, a critical mass of people now think that the global capitalist system we currently have is so badly run, so corrupt, so terrible at delivering results that it needs either a) a complete overhaul or b) we need to build something new.
Our current system is indeed corrupt, compromised, and mostly useless for delivering anything of value. It’s time to take out the garbage on Wall Street.
Some links via the always excellent Zen Pundit