Why we Occupy: Robert Reich explains the link between inequality and the lousy economy
Why is Occupy Wall Street focusing on inequality and the massive disconnect between the incomes of the uber-rich and, well, everyone else?
As Robert Reich explains, it’s very simple – until we fix that problem, we’re not going to be able to fix the economy:
- The biggest question in America these days is how to revive the economy.
- The biggest question among activists now occupying Wall Street and dozens of other cities is how to strike back against the nation’s almost unprecedented concentration of income, wealth, and political power in the top 1 percent.
- The two questions are related. With so much income and wealth concentrated at the top, the vast middle class no longer has the purchasing power to buy what the economy is capable of producing. (People could pretend otherwise as long as they could treat their homes as ATMs, but those days are now gone.) The result is prolonged stagnation and high unemployment as far as the eye can see.
- Until we reverse the trend toward inequality, the economy can’t be revived.
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More on Occupy Wall Street:
- Occupiers shut down Port of Oakland, stage successful General Strike
- Will winter weather stop Occupy Wall Street?
- One small victory – Judge says Occupy Nashville can stay
- Reporter videos his own arrest at Occupy Nashville
- Cops ask Google to remove videos of police brutality from YouTube. Google declines.
- Bill Maher skewers right-wing idiots who hate Occupy Wall Street
- Calvin and Hobbes explain OWS
- Why are they lying about OWS – and why are they getting away with it?
- Why we occupy: The Story of Citizens United – Why Democracy Only Works When People Are In Charge
- Find your local occupation at Occupy Together – now planned for more than 1,000 cities! | Twitter |Facebook
- Atlanta: website | Twitter | Livestream |Facebook
- Boston: website | twitter | yfrog | Livestream |Facebook
- Dallas: website | Twitter | Livestream |Facebook
- Los Angeles: Website | Twitter | Livestream |Facebook | Youtube
- New York: website | Twitter | Livestream |Facebook
- Portland: Website | Twitter |Livestream |Facebook
- San Francisco: Website | Twitter |Livestream |Facebook
- Seattle: Livestream (Video) | website | Twitter |Facebook
- formation about making donations can be found here: nycga.cc/donate
Also coming up in the next week:
- November 5: Bank transfer day. Vote with your cash! Close your account at one of the too-big-to-fail banks and move your money to a credit union or small, local bank. (Background here)
- November 6: Keystone pipeline protest . Climate activists Bill McKibben and 350.org harness the Occupy Wall Street energy to circle the White House, sending the message to President Obama that he shouldn’t approve a new pipeline to carry polluting tar sands oil through America’s heartland. (Background here, here, and here)
- November 12, the City of London holds an annual Lord Mayor’s Show, basically a celebration of the banking industry. There will be protests at that… as George Monbiot says, “Expect fireworks – and not just those laid on by the Lord Mayor.”