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GLOBAL FINANCIAL MELTDOWN
TEN WAYS THE OCCUPY MOVEMENT CHANGES EVERYTHING
Sarah van Gelder, David Korten,Steve Piersanti


Many question whether this movement can really make a difference. The truth is that it is already changing everything. Here’s how.


Before the Occupy Wall Street movement, there was little discussion of the outsized power of Wall Street and the diminishing fortunes of the middle class. The media blackout was especially remarkable given that issues like jobs and corporate influence on elections topped the list of concerns for most Americans. Occupy Wall Street changed that. In fact, it may represent the best hope in years that “we the people” will step up to take on the critical challenges of our time. Here’s how the Occupy movement is already changing everything:



1. It names the source of the crisis.

Political insiders have avoided this simple reality: The problems of the 99% are caused in large part by Wall Street greed, perverse financial incentives, and a corporate takeover of the political system. Now that this is understood, the genie is out of the bottle and it can’t be put back in.



2. It provides a clear vision of the world we want.

We can create a world that works for everyone, not just the wealthiest 1%. And we, the 99%, are using the spaces opened up by the Occupy movement to conduct a dialogue about the world we want.



3. It sets a new standard for public debate.

Those advocating policies and proposals must now demonstrate that their ideas will benefit the 99%. Serving only the 1% will not suffice, nor will claims that the subsidies and policies that benefit the 1% will eventually “trickle down.”



4. It presents a new narrative.

The solution is not to starve government or impose harsh austerity measures that further harm middle-class and poor people already reeling from a bad economy. Instead, the solution is to free society and government from corporate dominance. A functioning democracy is our best shot at addressing critical social, environmental, and economic crises.



5. It creates a big tent.

We, the 99%, are people of all ages, races, occupations, and political beliefs. We will resist being divided or marginalized. We are learning to work together with respect.



6. It offers everyone a chance to create change.

No one is in charge; no organization or political party calls the shots. Anyone can get involved, offer proposals, support the occupations, and build the movement. Because leadership is everywhere and new supporters keep turning up, there is a flowering of creativity and a resilience that makes the movement nearly impossible to shut down.



7. It is a movement, not a list of demands.

The call for deep change—not temporary fixes and single-issue reforms—is the movement’s sustaining power. The movement is sometimes criticized for failing to issue a list of demands, but doing so could keep it tied to status quo power relationships and policy options. The occupiers and their supporters will not be boxed in.



8. It combines the local and the global.

People in cities and towns around the world are setting their own local agendas, tactics, and aims. What they share in common is a critique of corporate power and an identification with the 99%, creating an extraordinary wave of global solidarity.



9. It offers an ethic and practice of deep democracy and community.

Slow, patient decision-making in which every voice is heard translates into wisdom, common commitment, and power. Occupy sites are set up as communities in which anyone can discuss grievances, hopes, and dreams, and where all can experiment with living in a space built around mutual support.



10. We have reclaimed our power.

Instead of looking to politicians and leaders to bring about change, we can see now that the power rests with us. Instead of being victims to the forces upending our lives, we are claiming our sovereign right to remake the world.



Like all human endeavors, Occupy Wall Street and its thousands of variations and spin-offs will be imperfect. There have already been setbacks and divisions, hardships and injury. But as our world faces extraordinary challenges—from climate change to soaring inequality—our best hope is the ordinary people, gathered in imperfect democracies, who are finding ways to fix a broken world.



OCCUPY - ITS ORIGIN, PROCESS AND OUTCOME



John Fullerton

Founder and President Capital Institute



I'm a former banker, a one percenter, and I'm mad as hell too.



Let's be clear. The Occupy movement is not a product of frustration, as President Obama, Treasury Secretary Geithner, and now Eric Cantor have suggested. Frustration is passive; anger is active. Martin Luther King was not frustrated. But beyond my anger is a real concern for democracy, for America, for the people of the world, for the planet upon which we all depend, and for my children's future. It's why I do what I do. It's the inspiration for Capital Institute.



This concern led me to Liberty Park Plaza last week to listen, show my support and empathy for the peaceful demonstrators, and learn about the occupation first-hand. I wanted to see if I could build a relationship with some of the organizers -- which I did -- and find out if the prominent media narrative of disorganization and unclear goals was accurate.



I learned that OWS is first and foremost about restoring democracy in America, and that I was right to be concerned about the media's portrayal.



Since the beginning of the protests, leading politicians and members of the media have been asking the question "What does OWS want?" This is the wrong question. Policy priorities are for interest groups, working their battle plans within the system. Proposals are what the media and politicians of the left and right want so they can put the complex issues that led to the occupation into pre-existing boxes before they are fully understood.



OWS as I understand it today, is building a movement of everyday people who are fed up with Wall Street's corrupting influence on our democracy. Wall Street does not mean capitalism, although capitalism's critics are on hand at OWS. It means the socialized losses and the unchecked power, greed, speculative excess, violence, and theft from fellow citizens that has gone unchecked by our bought and paid for government -- Democrats and Republicans alike. But it also means the dominant influence of Wall Street culture on short-term corporate behavior and misbehavior, from Enron's derivatives-enabled fraud to the Koch Brothers' and Exxon's funding of climate change denial, to the health insurance industry's power over lives and affordable health care, to McDonald's and Coke's impact on childhood obesity, all to further short-term corporate and financial interests no matter the cost to "we the people."



This is different from "We are the 99 Percent," a divisive, although clever phrase that has not been formally adopted by the OWS General Assembly. Wall Street's culture is the target because money has corrupted the Republic. Through this power lens, John Boehner, Eric Cantor, Harry Reid, Nancy Pelosi and the rest are mere tools in the system, not worthy of protesting against. Instead, the right question we should be asking is, "what is emerging at OWS?"



It is useful and eye opening to go back to see how OWS began, and to view the original Adbusters blog post dated July 13, 2011. Like the world we live in, the OWS movement is complex and filled with uncertainty.

But the answer is simple: the Occupy movement is a mass experiment in participatory and deliberative democracy. It says "fix government," not "eliminate government."



I engaged with one of the many experienced organizers at OWS during my trip. He was unusually calm, articulate, experienced (a Seattle WTO alum) and well informed -- he had read much of the leading alternative economics literature. He explained that the General Assembly that meets every evening to deliberate the course of the movement had determined explicitly not to develop a set of demands at this time. Instead, he shared, OWS is focused on setting up a governance system for the movement, expecting to be around for the long haul. As of today, any list of demands that you may hear, therefore, are unsanctioned by the governing General Assembly of OWS.



The emergence of the practice of participatory democracy as the movement's only initial priority says everything. OWS is about taking back democracy. Don't be fooled by their clothing, drums, or hand signals. There is something serious afoot here that is organic, influenced by experienced social movement organizers, and yet uncontrolled. Whether it can last is unknowable and not yet determined. It will depend upon how we all react -- politicians, business leaders, police, and most importantly, we the citizenry. Their strategy is to build the power of the movement before seeking to use that power. A million demonstrators speak louder than ten thousand, just like a trillion dollar balance sheet speaks louder than a hundred billion dollar one. Right out of Goldman Sachs' playbook I'd say.



So far, OWS has established working groups, in areas like media, de-escalation (there is an explicit commitment to non-violence -- let us hope there is a discipline to match), the kitchen, first aid, security (they have adopted strict no alcohol and drug use rules), sanitation, and more. The day I was there, they were organizing to create a phone book for the community. There is a library and groups working to promote new economic thinking. OWS's next and overdue priority is how to be better neighbors to their immediate downtown community.



William Blake cautioned that abstraction without the particular becomes demonic. As a society, we became intoxicated with the pursuit of money, and then in our stupor, allowed forces emanating from Wall Street to layer abstraction upon abstraction in the name of innovation. This morphed into nothing but leveraged speculation at best, and into manipulation, conflicts of interest, cynicism, cheating, and fraud. I know because I was there at the creation in the 1980s. Back then, these tools were innovative, purposeful and productive. But they have since metastasized into a cancer. Free market fundamentalism blinded us to a timely diagnosis, and continues to do so today.



It is time for finance to resume its proper and humble place as servant to, not master of, the real economy -- an economy that promotes a more equitably shared prosperity while respecting the physical limits of our finite planet. Such transformation is the Great Work of our age; work that drives the Capital Institute and many other organizations fostering the emergence of a new economy. The restoration of our democracy OWS seeks is an essential step, which may be at hand. It's still a long shot, but we shall see. One thing is for certain: OWS has started a national conversation long overdue.



John Fullerton is the Founder and President of the Capital Institute, whose mission is to explore and effect economic transition to a more just, resilient, and sustainable way of living on this earth through the transformation of finance.



NEXT STEPS FOR THE OCCUPY MOVEMENT

Shamus Cooke



Global Research, October 17, 2011



As the Occupy Movement gains strength nationally and internationally, questions of "what next" are popping up. Although there are no easy answers or ready- to-order recipes for moving forward, there are general ideas that can help unite the Occupy Movements with the broader community of the 99% — which is the most urgent need at the moment. Why the urgency? Writer Chris Hedges explains:



"The state and corporate forces are determined to crush this... They are terrified this will spread. They have their long phalanxes of police on motorcycles, their rows of white paddy wagons, their foot soldiers hunting for you on the streets with pepper spray and orange plastic nets..."



The only reason that surviving occupied spots have been spared is because of the broader sympathy of the 99% combined with the direct participation of large sections of working people at marches and demonstrations. The corporate elite fear a strong, united movement like vampires fear sunlight.



Therefore, city governments are slow-playing the Occupy Movement where it is especially strong — New York and Portland, Oregon, etc. — and are attacking quickly in cities where momentum hasn't caught fire —, Denver, Boston, etc. The massive demonstrations in New York and Portland have protected the occupied spaces thus far, as the mayor, police,and media attempt to chip away at public opinion by exploiting disunity in the movement or focusing on individuals promoting violence, drug use, etc.



To combat this dynamic, the Occupy Movement people needs to unite around common messages that they can effectively broadcast to those 99% not yet on the streets; or to maintain the sympathy of those who've already attended large marches and demonstrations. And although sections of the Occupy Movement scoff at demands, they are crucially necessary. Demands unite people in action, and distinguish them from their opponents; demands give an aim and purpose to a movement and act as a communications and recruiting tool to the wider public. There is nothing to win if no demands are articulated.



One reason that the wealthy are strong is because they are united around demands that raise profits for the corporations they own: slashing wages and benefits, destroying unions, lowering corporate tax rates, destroying social programs, privatization, ending Medicare, Medicaid and Social Security, etc.



To consolidate the ranks of the Occupy Movement we need similar demands that can inspire the 99%. These are the type of demands that will spur people into action — demands that will get working class people off their couches and into the streets! The immediate task of the movement is to broadcast demands that will agitate the majority of the 99% into action.



On a national level these demands are obvious: Tax the Rich to create a federal public jobs program, fully fund Medicare, Medicaid and Social Security and other social programs, fully fund public education, single payer health care, end the wars. These are demands that can unite the Occupy Movement and working people nationally while preventing Democrats and Republicans from taking it over. Poll after poll has recorded that an overwhelming majority of the U.S. population strongly supports these demands, and many unions, including the national AFL-CIO have gone on record supporting them.



On a city and state level these demands can be translated to local issues; cities and states are facing budget deficits that are resulting in cuts to education, social services and resulting in more unemployment. Local Occupy Movements can demand that the local top1% pay more to make up for these, while also demanding that cities and states create jobs with this money.



Corporations are united in their purpose of profit chasing and social service slashing; so too must we be united in saving social services and taxing corporate profits, on a local and national level.



The Occupy Movement has more than room for an umbrella of demands from diverse sections of working class people, but now we must focus on what unites the vast majority, since the corporations have focused on dividing us for decades. The more diverse demands of the working class can find a safe place for expression and growth only within a mass, united movement.



There can be no doubt that the Occupy Movement will either continue to grow into a massive social movement or shrink until the corporate-elite are able to snuff it out. In order for the movement to grow, it must truly attract the broader 99%, not merely the most progressive 10%. Focusing on broad but specific demands that all working people will fight for will attract organized labor, the elderly, students, minorities, i.e., the whole working class.



A working class mass movement has not existed in the United States since the 1930s and 40s when it resulted in spectacular progressive change in America, even if it was cut short before European-style social programs were achieved. Nevertheless, the achievements of the mass movements of past generations are under attack — Social Security, Medicare, Medicaid, and a living wage, etc. Only a real working class movement can save these programs and expand them.



If the Occupy Movement fails, the far right will be emboldened. They are trembling at the potential power of the movement and have lost all momentum themselves. If we lose the initiative, they will immediately seize it to press their agenda further and faster. Only by expanding the movement can we extinguish the power of the corporate elite. We have history on our side; let's not squander it.



The Occupy Movement represents a turning point in history. But in order to achieve its potential, it must reach out to the 99% and draw the majority into its ranks. Then it will have the power to change the agenda of this country, redraw the political map, and create a government that will operate in the interests of the vast majority, not the 1%. Once this change begins to unfold, there are no limits to what it could accomplish.







OCCUPY WALL STREET : POPULIST FINANCIERS SUPPORTING PROTESTORS IS PART OF THE PROBLEM NOT THE SOLUTION

Finian Cunningham

Global Research, October 17, 2011



"...[O]ur leaders have pursued solutions that are not solving our problems, instead they propose policies that accomplish little ... With democracy in crisis a true grassroots movement pointing out the flaws in our system is the first step in the right direction. Count me among those supporting and cheering on the Occupy Wall Street movement.", Al Gore, former Vice President of the United States.



“They [the Occupy Wall Street Movement] blame, with some justification, the problems in the financial sector for getting us into this mess, and they’re dissatisfied with the policy response here in Washington. And at some level, I can’t blame them.” Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve System.  



"There has been class warfare going on,... It's just that my class is winning.  And my class isn't just winning, I mean we're killing them.”, Warren Buffett, Nebraska-based Berkshire Hathaway Hedge Fund, third richest man on the Planet.



"I think it takes that [the Occupy Wall Street Movement] to make things happen sometimes.  ....[Over the past 15 years] we saw large corporations really screw people.... There has never been a time in my lifetime when the government is going to cut an incredible amount of programs that support poor people and feed them." Howard Buffett, son of Warren Buffett



"Actually, I can understand [the OWS protesters'] sentiment, frankly.... And at the same time the decision not to inject capital into the banks, but to effectively relieve them of their bad assets and then allow them to earn their way out of a hole leaves the banks bumper profits and then allows them to pay bumper bonuses. And the contrast between the two I think is a large contingent [of both the Occupy Wall Street protests and the Tea Party movement].” George Soros, Chairman of the  Soros Management Fund.







The Occupy Wall Street movement sweeping across the US faces a tricky dilemma, the outcome of which will determine its historic impact. Up to now, part of the movement’s strength derives from its diffuse, eclectic spread of voices. That enigma makes it hard to define and confront from the authorities’ point of view. However, sooner or later the campaign will have to set out its own agenda by defining demands and aims. Otherwise, it runs the risk of running out of the admirable popular momentum that it has thus far generated; also, such a vacuum allows others who do not share the ultimate concerns of the grassroots to define the direction of the movement – a direction that most likely will lead to a safe, blind alley – again from the authorities’ point of view. Confronting this dilemma inevitably requires political organization, which will require hardnosed choices about which allies and interests are to be aligned.



A good rule of thumb: as long as the mainstream media – and even sections of the so-called progressive media – remain hostile or menacing in its coverage, then we can be sure that the movement is proceeding towards a serious challenge to the powers that be.



Of the public figures that have come out recently to support the Occupy Wall Street movement perhaps the most bizarre are some of the Wall Street financiers themselves. Some of the big names, apparently rallying to the cause, include George Soros, Warren Buffett, Ben Bernanke and Al Gore.



The phrase “poachers becoming gamekeepers” comes to mind. How can financiers and speculators who are the embodiment of everything that is awry with the American economy be part of the solution? This is an example of where the movement needs to make tough political choices and to demonstrate that it understands the structural nature of the challenge that lies ahead. In not doing so, what we will witness is a classic maneouvre to co-opt a grassroots movement that could otherwise pose a serious challenge to the power structure that has so deformed the American economy and society.



The financiers supporting the OWS campaign may articulate popular disdain towards “greedy banksters” – but if the protest movement really does pose a serious challenge to the power structure, then it needs to go beyond personalizing attacks against criminal individuals and understand that the problem at hand is systemic.



What is needed is avoidance of analyzing the challenge in terms of  “good financiers” and “bad banksters”. It is the entire system of finance capitalism that needs to be challenged. Accepting the support of seemingly benign financiers may galvanise certain feelgood populism, but it only obscures the systemic nature of the problem and therefore the solution.



In understanding the systemic challenge we need to see it in historic context. The US economy and that of Europe has exhausted itself from the vast polarization of wealth over several decades. The economy has deteriorated to a deformed state, in which a tiny layer of society has and is accumulating vast wealth while the preponderant majority struggle to make a basic living. This elite financial aristocracy is of a piece with the feudal aristocracy of bygone centuries in Europe who derived their wealth by parasiting off the peasantry. The aristocracy in both instances is not involved in the production of goods or manufactures; they exist by lording it over the masses, extracting from the latter tributes in a web of rentier relationships.



It is something of an historical achievement that the US, which began its modern development free of the feudal ruling class that so exploited the European masses, should now be so dominated by an aristocracy that harks back to the rapacious nobles of Europe. The Republic of America was supposed to herald the ascent of democratic rights, to mark a new beginning for universal common rights, whereby rule by divine right was cast aside. Albeit that the limits of American democracy were defined by what its bourgeois Founding Fathers would tolerate, the US nevertheless represented a radical break from the European order.



In Europe, fearing that the revolutionary impulse would go too far, the emergent European bourgeoisie made its peace with the feudal aristocracy to keep the masses in check. The compromise between “new” and “old” money in Europe can be seen today in the continued constitutional role of royal families and lords, for example in Spain, Holland, Norway and most prominently in Britain. Meanwhile, in the US, not having a feudal past, the new social contract was between the capitalist manufacturers and nascent industrialists and the wider working population. In that way, the US, it could be argued, represented a more progressive democracy, offering greater rights and opportunities to the masses.



But over the past three decades, the progressive nature of American capitalist democracy has been completely eviscerated. The implicit social contract, whereby the workers could expect a fairer share of the wealth that they ultimately produce, has been ripped asunder. The paid and bought lawmakers of the two main political parties have ensured that policies relentlessly siphon off wealth to the ruling class. With rising poverty and likewise plummeting demand, even the traditional capitalists who owned the means of production can no longer find viable markets. The manufacturing bourgeoisie – the architects of the American republic – have now been superseded by a financial aristocracy, who no longer contribute accumulated capital in any productive way. They are an idle class of speculators, who make money off money. The domination of means of exchange over means of production is now the hallmark of late capitalism. This is the systemic nature of the problem and that can’t be altered or mitigated by even the most benign and well-intentioned individual financiers.



The Occupy Wall Street campaign now erupting in hundreds of cities across the US, Canada and Western Europe is a potentially dramatic development. But only if it challenges the system at the root, not by pruning here and there. That root is the capitalist economy that has degenerated into a parasitical aristocracy.



The gratuitous violence that protesters are being met with by the rulers’ henchmen, and the vilification that they are being subjected to by the rulers’ political and media lackeys, are sure signs that the people are pressing a profound challenge. Another sure sign of how seriously the movement is challenging the system will be how far the coterie of supporting financiers appears to stay with the movement. For they are part of the problem, not the solution.



In creating a popular groundswell for potentially radical change that safeguards the interests of the mass of ordinary working Americans, the OWS movement deserves much credit. But not credit from finance capitalists who have bankrupted the US and the world.
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GLOBAL FINANCIAL MELTDOWN - by moeenyaseen - 08-27-2006, 09:59 AM

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