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CHARTS: Here's What The Wall Street Protesters Are So Angry About...

(6 Posts)
ttosca Fri 14-Oct-11 13:27:04

The "Occupy Wall Street" protests are gaining momentum, having spread from a small park in New York to marches to other cities across the country.

So far, the protests seem fueled by a collective sense that things in our economy are not fair or right. But the protesters have not done a good job of focusing their complaints?and thus have been skewered as malcontents who don't know what they stand for or want.

(An early list of "grievances" included some legitimate beefs, but was otherwise just a vague attack on "corporations." Given that these are the same corporations that employ more than 100 million Americans and make the products we all use every day, this broadside did not resonate with most Americans).

So, what are the protesters so upset about, really?

Do they have legitimate gripes?

To answer the latter question first, yes, they have very legitimate gripes.

And if America cannot figure out a way to address these gripes, the country will likely become increasingly "de-stabilized," as sociologists might say. And in that scenario, the current protests will likely be only the beginning.

The problem in a nutshell is this: Inequality in this country has hit a level that has been seen only once in the nation's history, and unemployment has reached a level that has been seen only once since the Great Depression. And, at the same time, corporate profits are at a record high.

In other words, in the never-ending tug-of-war between "labor" and "capital," there has rarely?if ever?been a time when "capital" was so clearly winning.


glasnost Fri 14-Oct-11 14:14:06

Did you know the park's being cleaned today? Mayor Bloomberg has decided the protesters need fumigating! Oh yes.

glasnost Fri 14-Oct-11 14:29:40


A remarkable reprieve was granted for the #OWS this morning. Perfectly achieved within the eleventh hour, Mayor Bloomberg and the NYPD had earlier notified a ‘Clean up of the Park’ and deconstruction of the tents was to be final at 7am this morning.

This notification only seemed to fuel the ‘Occupiers’ who rallied to spread the word for all members local or global to use all methods of communication therefore constructing a campaign for mass/ huge volumes of ‘occupiers’ to contact Mayor Bloomberg (demonstrating a co-joined power ) so a solution acceptable by 99% could be achieved.

Meanwhile in Denver this action had already been implemented and tents removed. No violence or anger was evident, extremely peaceful! A human chain of protection surrounded the medical tent and kitchen tent which were spared but the end result is a closure of the park and with that no space left to occupy.

One defeat couldn’t stop the other ‘occupations’ because the passion and belief spread back in #OWS so tenfold did the numbers, from midnight last night. Numbers swelled and finally the camaraderie reached fever pitch when the Facilities Team refused to carry out the ‘cleaning of the park’ closely followed and in spectacular fashion by the unions joining the cause resulting in a significant overwhelming of the square and subsequent cancelling of the hostile deconstruction.

Victory for the #OWS – we are the 99%!!

ttosca Fri 14-Oct-11 14:51:08

smile smile smile

Solopower Sat 15-Oct-11 13:29:23

Agree with your problem in a nutshell, Ttosca.

Has anyone produced a list of demands? I mean a concrete wish list of specific demands, along the lines of 'We want X minister in the government to put forward a bill limiting the amount of Buy-to-let properties any one landlord can buy, within the next three months.' Rather than 'The government should make more housing available for poor people', iyswim.

Solopower Sat 15-Oct-11 13:36:11

When society is so out of balance, one by one you need to pick away at the institutions that are reinforcing the inequalities: vested interests, globallisation, financial institutions etc that have such a bad effect on government employment, housing, education, health care, welfare etc systems.

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