Bird’s Eye: “But what do they want?” moans the right-wing media, hoping that if they don’t listen, the public won’t hear. A few eloquent answers, and a few detailed ones. We start with two very short films, as Allan Grayson and Chris Hedges eloquently say what OWS (Occupy Wall Street) wants (and Kevin O’Leary makes me embarrassed to ever have defended the CBC against cuts!) Business Insider gives an extensive set of charts that lay out how the US financial sector has been changing, for the worse. Dissident voice highlights some of the same issues, James McMurtry (“The songwriting conscience of America”) sings a song that could be the OWS anthem, and the New York Times’ Krugman looks at why the powers that be claim not to understand the protests. For some groups, denial is so much more than just a river in Egypt.
* The Best 2 Minutes On Why We Should Occupy Wall Street MoveOn.Org (Thanks, Gabe and Kyla!)
On Friday’s ‘Real Time With Bill Maher,’ former Rep. Alan Grayson (D – FL) sums it up so well, the crowd ends up on their feet. Watch:
* CBC’s Kevin O’Leary Smacked Down by Chris Hedges Creekside
“I’m putting the vid and a transcript up here because Hedges’ argument bears repeating and also because, as appalling as O’Leary’s behavior certainly was, even more appalling is that O’Leary affects to be completely unable to follow Hedges’ logic as to what exactly went wrong that caused OWS to happen.”
* CHARTS: Here’s What The Wall Street Protesters Are So Angry About… Business Insider
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—at the end of the 1920s–and unemployment has reached a level that has been seen only once since the Great Depression. And corporate profits are at a record high.
* Austerity is Euphemism for Class War Waged by Rich Dissident Voice (Thanks, Amy)
We live in an age of the superlatives as well, ironically being touted as the Age of Austerity by the state-capitalist oligarchs. But the superlative qualities of our age mark a world in decline. Consider some of our superlative achievements:
- •The US financial “crisis” of 2008 was the largest private sector theft of public money in history, an estimated $16 trillion, followed by an aggressive global “austerity” push that targets the poor, the middle class, and people of colour to pay for the systemic fraud that caused the crisis.
- •The US income disparity gap between rich and poor is the greatest of any industrialized country.
- •For the first time in US history, student debt exceeds consumer debt. Never has a young generation of Americans seen this much debt, and consequently they await a life of serfdom in the capitalist order.
- •The global 2011 Billionaires List recorded a record number of billionaires and combined wealth.
- •There are more slaves today than at any time in human history.
- •Worldwide military spending reached a record high in 2011.
Notice a trend?
* We Can’t Make it Here James McMurtry, youtube
“The bar’s still open but man it’s slow
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The tip jar’s light and the register’s low The bartender don’t have much to say The regular crowd gets thinner each day Some have maxed out all their credit cards Some are working two jobs and living in cars Minimum wage won’t pay for a roof, Won’t pay for a drink, if you gotta have proof Just try it yourself Mr. C.E.O. See how far $5.15 an hour will go Take a part time job at one of your stores Bet you can’t make it here anymore” |
* Panic of the Plutocrats Paul Krugman New York Times
The way to understand all of this is to realize that it’s part of a broader syndrome, in which wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.
… What’s going on here? The answer, surely, is that Wall Street’s Masters of the Universe realize, deep down, how morally indefensible their position is. They’re not John Galt; they’re not even Steve Jobs. They’re people who got rich by peddling complex financial schemes that, far from delivering clear benefits to the American people, helped push us into a crisis whose aftereffects continue to blight the lives of tens of millions of their fellow citizens…. This special treatment can’t bear close scrutiny — and therefore, as they see it, there must be no close scrutiny. Anyone who points out the obvious, no matter how calmly and moderately, must be demonized and driven from the stage. In fact, the more reasonable and moderate a critic sounds, the more urgently he or she must be demonized, hence the frantic sliming of Elizabeth Warren.


