Mike Konczal: '13 Bankers,' Financialization and the Real Economy How has financialization changed the real economy? James and Simon do an excellent job tracing the history of the conflict between the financial sector and the government in their book "13 Bankers." They do this history in two dimensions: first as a history of the United States' complicated relationship with the financial sector and large, concentrated banks, and second as a cross-section of the world in the late 1990s and early 21st century.
1000 Americans Spell Out "TAX THE 1%" on San Francisco Beach CONTACT: Brad Newsham, 415-305-8294, firstname.lastname@example.org Chuck Collins, 617/308-4433, email@example.com Andrew Boyd, 347-228-7416, firstname.lastname@example.org On Saturday over 1000 Americans laid their bodies down on a San Francisco beach to spell out “TAX THE 1%.” This protest was just the latest, and possibly most spectacular yet, in the wave of protests that have swept the nation since protesters occupied Wall Street, launching the “We are the 99%” movement.
William Pfaff: American Government’s Indifference to Popular Protest American Government’s Indifference to Popular Protest Posted on Oct 5, 2011 By William Pfaff #OCCUPYXMAS begins This years’ Black Friday was a resounding success. Fifty-five billion dollars chimed through cash registers across the USA. Two hundred and fifty-thousand people went into the malls and spent on average 400 hundred dollars each, the biggest shopping day ever. Some notable purchases included ten limited edition Ferraris with matching luggage from Neiman Marcus’s exclusive holiday catalogue, $395,000 each, gobbled up in under an hour.
Harold Meyerson - Building a Better Capitalism So what kind of capitalism shall we craft? Now that the market fundamentalism to which we've adhered for the past 30 years has -- by its own criterion of increasing shareholder value -- totally failed? Now that Alan Greenspan has proclaimed himself "shocked" that "the self-interest of lending institutions to protect shareholders' equity" proved to be an illusion? Larry Summers, President Obama's senior economic adviser, cautioned in an interview in Monday's Financial Times against heeding "those who, just as in the 1930s, tried to learn the lesson that market capitalism didn't work and needed to be replaced with an entirely different model." But no one is suggesting an entirely new system. What we need -- and what we can build -- is a capitalism more attuned to our national concerns.
Occupy Wall Street: Eight ideas for making the protests even more successful Photograph by Emmanuel Dunand/AFP/Getty Images. This is the question frequently—and properly—asked of Occupy Wall Street and its fans. Those of us who have written and spoken vigorously in support of OWS and for its capacity, almost unparalleled in today’s political environment, to shift our political focus, have an obligation to contribute our answers to the question of what OWS should do. Who are the 99 percent? (Ramin Talaie - BLOOMBERG) “I did everything I was supposed to and I have nothing to show for it.” It’s not the arrests that convinced me that “Occupy Wall Street” was worth covering seriously. Nor was it their press strategy, which largely consisted of tweeting journalists to cover a small protest that couldn’t say what, exactly, it hoped to achieve.
Would Jesus Occupy Wall Street? There’s a fascinating article at Michigan Live about the faith community’s efforts to connect to the burgeoning Occupy Wall Street movement. I must say (and I’m as secular as they come) I did actually describe my three recent visits to Occupy Wall Street to several people as being like “Going to a new church and EVERYONE you meet is friendly and very WELCOMING.” There’s something special going on at Zuccotti Park and if you think otherwise you are… wrong. It makes sense that a state as hard hit economically as Michigan has been would have clergy so supportive of the anti-capitalist protests. It’s because they know what post-capitalism looks like in Michigan! The clergy truly cater to the poor there, it’s not a joke to them.
Testimony of Marriner Eccles to the Committee on the Investigation of Economic Problems in 1933 to the Senate Committee on the Investigation of Economic Problems in 1933. It is an historic document – laying out the future terms of the Federal Deposit Insurance Corporation, the management of money supply nationally through open market operations, the Bretton Woods Accord on currency stability, mortgage refinancing as monetary stimulus, and reforms of the Federal Reserve System to eradicate the excesses of untamed capitalism and financial dominance of Wall Street. He proposes higher income and inheritance taxes as essential to promote economic growth, curb inequality and forestall political instability.
Occupy Wall Street supporters buy tv ad time By Muriel KaneSunday, November 6, 2011 21:37 EDT A commercial promoting the Occupy Wall Street movement has been running on mainstream TV stations this weekend. The 30-second ad, which was filmed a month ago but is only now gaining wide exposure, is not intended to sell anything or to solicit donations but to improve the image of the movement. It shows a variety of cleancut, sincere occupiers, ranging from students to a man in a business suit and a worker in a hard hat, proclaiiming their desire for peace, democracy, and economic justice.
How Unequal We Are: The Top 5 Facts You Should Know About The Wealthiest One Percent Of Americans by Zaid Jilani Posted on Share this: "How Unequal We Are: The Top 5 Facts You Should Know About The Wealthiest One Percent Of Americans" The Political Notebook — Yesterday at #OccupyOakland in pictures: Occupy... The Political Notebook Yesterday at #OccupyOakland in pictures: Occupy protesters swarmed the port area during yesterday’s general strike in the thousands, effectively shutting it down. Protests went from peaceful to violent when police and groups of protesters clashed .