Protesters on Wall Street. Capitalism quakes in fear?
Comments
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The Psycho-ologist said:
I would personally love to now if any of these protester folks gave money to organizations fighting on the front lines in the halls of congress, in ad campaigns like Move-on, or in actual abortion clinics.Good god I hope they gave no money to congress outside of about 10 members.
I sincerely hope they gave no money to Obama.
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whynot_31 said:
It is hard for you to accept that neither government, nor the bankers are in charge.What exactly are you saying here?
That this country lacks mechanisms to regulate Wall Street? Because that's patently false.
Wall Street is completely in charge. Who do you think makes up Obama's economic team?
They write the regulations, or even better, come up with schemes so complicated (and lucrative) that they are literally beyond the comprehension of even themselves.
Then they bring down the global economy, ruin the quality of life for millions if not BILLIONS of poeple, and the government lends them billions with almost no strings attached?
No, I'd argue the banksters are fully in control. I'm having trouble of thinking of a single reasonable thing that's not exactly the way they want it.
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whynot wrote: Mrs Whynot and I just jabbered about the problem.
I basically stated that I would only attend a rally with an intelligent, articulate leader and realistic goals.
She responded by stating that it is unreasonable for me to expect a bunch of neo-leftist, neo-hippie, angry, young revolutionaries to be able to select an articulate leader and goals from their membership, especially if there are Anarchists present.
I agreed.
BG wrote: Sorry, are you guys arguing anarchists don't have articulate members or specific goals?
Do you personally know a single anarchist? Seems not.
Sorry, are you guys arguing anarchists don't have articulate members or specific goals?
Do you personally know a single anarchist? Seems not.
Boygabriel-
As I point out, very few of the protesters are Anarchists, and they alone are not responsible for the ill conceived nature of this protest.I (and I believe others) are just trying to tell the organizers how they could improve their results. While they might not be ready for the type of training provided by the likes of Move On or the American Friends Service Committee, could they at least establish a fund for them attend trainings at the Ruckus society?
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Boygabriel said:
What exactly are you saying here?That this country lacks mechanisms to regulate Wall Street? Because that's patently false.
Wall Street is completely in charge. Who do you think makes up Obama's economic team?
They write the regulations, or even better, come up with schemes so complicated (and lucrative) that they are literally beyond the comprehension of even themselves.
Then they bring down the global economy, ruin the quality of life for millions if not BILLIONS of poeple, and the government lends them billions with almost no strings attached?
No, I'd argue the banksters are fully in control. I'm having trouble of thinking of a single reasonable thing that's not exactly the way they want it.
I would love for the current regulations on trading and banking to be enforced, but I am aware that part of the reason government is failing to do so is that there is no longer such an entity as "Wall Street".
If there goal is "destroying capitalism" isn't as simple as finding the command and control structures (Wall Street, NAFTA, WTO, etc) and then destroying them.
To put is bluntly, Capitalism lives in everyone of us.
If the protesters are going to destroy it they need to present us with a better system, and a way to implement it. Until then, we will simply tinker with capitalism and try to avoid being the victims of its externalities.
If their goal is to reform Wall Street, I'm sorry but I have not heard any intelligent commentary from them as to how the SEC will tackle the intricacies of the a global market or Fannie and Freddie. The protesters also have not demonstrated a knowledge of options, hedge funds and the like.
I also can't help but notice that the protesters seem unaware that most trading moved off Wall Street to online and overseas mediums years ago.
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whynot_31 said:
whynot wrote: Mrs Whynot and I just jabbered about the problem.
I basically stated that I would only attend a rally with an intelligent, articulate leader and realistic goals.
She responded by stating that it is unreasonable for me to expect a bunch of neo-leftist, neo-hippie, angry, young revolutionaries to be able to select an articulate leader and goals from their membership, especially if there are Anarchists present.
I agreed.
BG wrote: Sorry, are you guys arguing anarchists don't have articulate members or specific goals?
Do you personally know a single anarchist? Seems not.
Sorry, are you guys arguing anarchists don't have articulate members or specific goals?
Do you personally know a single anarchist? Seems not.
Boygabriel-
As I point out, very few of the protesters are Anarchists, and they alone are not responsible for the ill conceived nature of this protest.I (and I believe others) are just trying to tell the organizers how they could improve their results. While they might not be ready for the type of training provided by the likes of Move On or the American Friends Service Committee, could they at least establish a fund for them attend trainings at the Ruckus society?
You and/or Mrs Whynot specifically took a cheap shot at anarchists, and you've made generalized ones towards these protesters in general.
especially if there are Anarchists present.
I'd be careful assuming anarchists are inarticulate or not capable of organization.
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you're playing semantics games. you know quite well people are talking about the banking industry, among other things, when they talk about Wall Street.
They are not trying to "destroy capitalism".
People are protesting the banking cartels. The lack of oversight. Tax inequality. Wealth distribution.
You know, things that are actually extremely important, unlike whatever it is most Americans (celebrities, sports) or news outlets (popularity contests) concern themselves with.
I would love for the current regulations on trading and banking to be enforced
What regulations? What major changes were enacted after the 2008-present crisis?
I would love for the current regulations on trading and banking to be enforced, but I am aware that part of the reason government is failing to do so is that there is no longer such an entity as "Wall Street".
Explain this please.
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You are the one who seems to want to make this all about Anarchists, I just want to sell them t-shirts.
....But I'm bored, so I will entertain you.
Have you ever attended one of the Anarchist conventions in San Francisco? I have, it was great.
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whynot_31 said:
You are the one who seems to want to make this all about Anarchists, I just want to sell them t-shirts.....But I'm bored, so I will entertain you.
Have you ever attended one of the Anarchist conventions in San Francisco?
I have, it was great.
You're the one who likes to take cheapshots at groups, but it becomes harder when you have to actually defend your comments, doesn't it?
Maybe don't take the cheapshots if you don't want to back them up or discuss them?
I know a lot of anarchists and have seen well organized protests.
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@whynot_31 wrote:
I would love for the current regulations on trading and banking to be enforced, I am aware that part of the reason government is failing to do so is that there is no such entity as "Wall Street".
I would add to this the fact that national governments have little capacity to subject the market to the level of democratic oversight one might think is necessary for two reasons:
1. Capital flows are globalized. The effort to "fix" capital within territorial boundaries of the nation state has led to the trend toward pop up firms in Switzerland (an office and mailbox as headquarters).
2. With respect to US firms, they hold the leverage of an "investment strike" over would be government regulators.
Finally, a global "consumer strike" (what we basically have now is an involuntary consumer strike) ends up rebounding on employment.
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BG-
I have taken no cheap shots at this protest on Wall Street; every shot I have made at them has been deserved.Witchking-
I totally agree. It only takes a subscription to something like the Economist, or a weekend watching Bloomberg to realize the scope of the problem.While the SEC and numerous other agencies have been (unsuccessfully) working on the problems that caused this latest crisis for centuries, these protesters seem to actually believe we can simply develop an alternate world in which everyone gets along and shares wealth.
Um, sorry. That ain't going to happen.
The film they put out yesterday is classic:
https://occupywallst.org/article/block-by-block-city-by-city/#comments
...despite claiming to be in favor of democracy and consensus, they fail to realize that what sounds wonderful to them sounds miserable to many. Their vision of a new world isn't going to happen until they change minds, and they aren't putting in the kind of work that is needed.
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The current financial woes in this country are directly related to the repeal of The Glass Steagall Act. The young people on Wall Street should be calling for Glass Steagall to be re-instituted by Congress. They are not, and its that lack of a real focused agenda which will cause them to continue to be dismissed by people like Whynot (who agree fundamentally that there is something rotten in the state of Denmark).
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I've been to protests put on by MoveOn.org and the like. They get the permits, then people show up early and get put in pens by the police. Then, before it's even begun the police start shutting down the streets to get into the area. Then some power happy cops move the pens, squash the people, ride their horses too close to a person, scaring them. The scared person lashes out, hits a horse which counts as assaulting a police officer, a couple people get pepper sprayed, people flee, some start yelling "get those animals off those horses", more get arrested etc. By then end you have a ton of people being held in paddy wagons and the news report a blurb putting the estimate of people at maybe an 8th of what were there or what would have been there if not blocked by cops on other streets.
I would say I'm disillusioned with this method of protest. I also don't think it's all that effective in doing anything. The one currently used (no permits mostly) is not how I want to spend my weekend, nor is it safe for Z. It's a method, not mine, not yours clearly. I agree that it's highly unfortunate that they lack a clear goal as I've said. They have managed to capture some attention though, which is a heck of a lot more than the Move.On protests have done lately.
This attention will be wasted when the voices rising to the top are the nuttier ones talking of bank runs and living sparsely to be less of a slave to economy etc.
(REALLY, Can someone in Education make passing Economics a requirement to graduate?!!!)
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Tate and Z wrote: They have managed to capture some attention though, which is a heck of a lot more than the Move.On protests have done lately.
You likely agree, but I would caution against having mere attention be too much of a measure of success.
Code Pink has repeatedly managed to find a way that seems to balance attention getting (such as a love of disrupting things and street theater), and an intelligent message.
It seems the organization has had the wisdom to send only one representative to the Occupy Wall Street silliness, and I hope that she is able to help the protesters organize events in the future which are more well-conceived. In addition to sympathizing with their cause, perhaps she is there to look over the protesters for people who have the potential to be trained?
By focusing on a message, and intelligently researching the issues involved, Code Pink has been able to influence people to listen to them and join them. The organization has grown tremendously over the last decade.
Homeowner-
Yes, not only has that act been repealed, but funding for regulatory organizations (such as the SEC) is not sufficient to enforce the regulations that remain. We are in big trouble.As fun as they are to smoke weed and talk theory with, I don't believe that the folks who claim to be modern followers of Spartacus or those who want merely to distribute fresh copies of the Port Huron Statement have the skill set that we need at the moment.
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http://www.guardian.co.uk/commentisfree/cifamerica/2011/sep/25/occupy-wall-street-protest
Occupy Wall Street rediscovers the radical imagination
The young people protesting in Wall Street and beyond reject this vain economic order. They have come to reclaim the future -
USA! USA!
http://gothamist.com/2011/09/26/nypd_reportedly_targeting_photograp.php
Just in case anyone is confused: it is no way illegal to video tape or photograph the police in public.
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As stated earlier, police brutality and a lack of thoughtful media coverage were both predictable outcomes from the onset.
This round of "the revolution" will be a lose - lose.
Lose: The police will lose their cool, violate people rights to peacefully protest and cost the city hundreds of thousand$ in damages.
Lose: The protesters will have stinging eyes for weeks to come and be regarded by mainstream Americans as dreamers without a plan. [Z Magazine, The Voice, The Guardian, Mother Jones and the like will claim the occupation was a huge success, of course]
As discussed above, if the protesters are calling for more effective regulation of the banking industry (as opposed to dreamily establishing a utopian society built on consensus, or one based the tenets of Anarchy), I hope they are not prejudicing people against the cause.
Despite the repeal of key regulations, there remain many regulations which the SEC could be empowered to use.
I wish that more will get their media from sources such as Al Jazeera, PBS, the Economist, and NPR; they are about the only news sources that are giving the issue of Renewed Banking Regulation the thoughtful attention it deserves, and in a way that most Americans can listen.
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im goin down to check it out today after work
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"A senior New York police officer accused of pepper-spraying young women on the "Occupy Wall Street" demonstrations is the subject of a pending legal action over his conduct at another protest in the city.
The Guardian has learned that the officer, named by activists as deputy inspector Anthony Bologna, stands accused of false arrest and civil rights violations in a claim brought by a protester involved in the 2004 demonstrations at the Republican national convention." http://www.guardian.co.uk/world/2011/sep/27/occupy-wall-street-anthony-bologna
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This article seems to have a tone that matches my thoughts:
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I was in Union Square on Saturday. During the time the protesters came and went I was blithely shopping in a store. When we came out, the sheer amount of cops was beyond comprehension. The anti-terrorist officers were huddled. there were row upon row of officers lined up, backs to the Whole Foods side of the street. All of Union Square East was blocked with cars.
On the other hand, the officers were telling people walking by to just carry on with their day and not worry about what was going on.
How can the threat be so bad on one hand that you require THAT many cops, but be so mild that kids get to keep playing at the playground.
The protesters would have had to have been swinging machetes to justify the police presence on Saturday. We figured it was a counter-terrorism drill, because except for a few cops swinging their billy clubs, everyone else was standing around chatting, being photographed by tourists and locals alike.
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Friends who work in the area state they are completely unaware of the protests, because they don't use the park the protesters are hanging out in.
The park is reportedly private, but I imagine the owner is working with the city to avoid an ugly "evict the squatters" scene.
I'm sure some police would love permission to remove them by force, and I sure that some of the protesters would love the media attention and sympathy that would come from such an incident.
It is a sloppy game of chess being played by all parties.
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whynot_31 said:
Friends who work in the area state they are completely unaware of the protests, because they don't use the park the protesters are hanging out in.Actually its a big clusterfuck by where I work. On top of the tourists, there are barricades making a small sidewalk even smaller, the sheer number of cops (which definitely outnumber the protesters 3 to 1) plus some corners you cannot cross at, as well as certain entrances to stations closed. Its more of an inconvenience than anything. The protesters are, in my opinion, very well behaved.
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I have yet to hear of a protester losing their head and taking a swing at a cop, or vandalizing property.
So far the protesters have figured out that they would lose and public sympathy from a video that showed them as violent, and those into violence have likely decided not to join the event because of the cop's massive show of force.
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whynot_31 said:
Lose: The protesters will have stinging eyes for weeks to come and be regarded by mainstream Americans as dreamers without a plan. [Z Magazine, The Voice, The Guardian, Mother Jones and the like will claim the occupation was a huge success, of course]
Trying to get anything via "mainstream" aka traditional outlets, methods would be pointless.
Mainstream b.s. is how we got to where we are.
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I've actually been a little surprised so far by the "mainstream media's" (oh how I hate that term) portrayal of the situation in the bits and pieces I've heard.
From what I've run across they seem to be reporting the protests more as reports and less as editorials than I actually would have expected.
I don't avidly search out these forms of media though, so can't say for any kind of certainty.
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The problem is that non-mainstream methods are likely to be as ineffective as mainstream ones.
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This protest is turning into a disaster. How do you go from 2000 protesters on Saturday down to 50 protesters on Tuesday? It is collapsing at an alarming rate. The Live feed does not lie and the numbers do not lie.
In my opinion the protesters present on Saturday woke up on Monday and realized that they were cogs in the very financial system that they were protesting two days prior. Basically, they woke up and realized that they were on the wrong side.
The 2nd American revolution is turning out to be a huge dud.
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For being less than 500 people, without a famous figurehead, I think they have gotten a lot of media.
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The only reason they got any media attention was because they know how to amp up a situation. If you take a good look at the infamous women being maced video you will see that the mace barely even touched them and yet they were on the floor screaming like the wicked witch of the west being doused with water. It is all a sham for the media and that is the only weapon these protesters have. Sadly that incident occurred a few days ago and the people of america have already forgotten and moved on. The fact that the protest has lost so many protesters speaks volumes for the intent and purpose of the protest.
This so called movement has failed on oh so many levels.
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