Tuesday, 4 October 2011

Anti-Wall Street protests spread across America

What's changed in America since the Great Recession of 2008? Not much really. The bankers are still taking home big bonuses like they always have done, while with corporate profits have reached record levels. It's business as usual on Wall Street. However, real unemployment is now about nearly the same level as the Great Depression. With the US economy slowing down, it seems there's more pain in store for middle and lower class Americans.

It is therefore no surprise to learn about protests against Wall Street and corporate greed. The 'Occupy Wall Street' protests, which have received little attention so far in the mainstream US media, is gathering momentum across across the country. The Times of India reports:

The Occupy Wall Street protests entered their third week here with protesters dressed up as "corporate zombies" marching through Wall Street, the city's financial hub.

People used social networking sites Facebook and Twitter to spread their message and garner support for their cause.

Support groups like 'Occupy Boston', 'Occupy Philadelphia', 'Occupy Chicago' were also created online.

In a radio interview, New York Mayor Michael Bloomberg said the protests should not target Wall Street officials, "who make USD 40,000 or USD 50,000 a year and are struggling to make ends meet. That is the bottom line. Those are the people who work on Wall Street or in the finance sector."

In Manhattan, hundreds of people responded to calls from organisers and came dressed up as zombies, walking around the financial institutions clutching fake money.

They held up signs that read 'Down with the World Bank', 'How to fix the deficit: End the war, tax the rich,' 'End corporate personhood,' and 'Say no to corporate America.'

People have camped out on the streets, sleeping on sidewalks. Some supporters of the protests have distributed blankets, sleeping bags and food items to demonstrators.

In Chicago, people gathered outside the Federal Reserve Bank while protesters camped out near City Hall in Los Angeles.

Similar marches against corporate America, greed on the Wall Street and government bailouts to financial giants during the economic crisis were held in downtown Boston.

The protests, which began with a handful of people camping in front of the New York Stock Exchange on September 17, got a philip and nationwide attention after over 700 protestors were arrested over the weekend by the police as they tried cross the Brooklyn Bridge.

Similar rallies are being planned in places like St Louis, Kansas City, Hawaii, Tennessee, Minneapolis and Baltimore, according to 'Occupy Together', the unofficial hub for all events springing up across the country in solidarity with the Occupy Wall Street movement.

The American elite love to praise protesters in other countries, especially those where they want to see regime change, but they have been silent on these protests at home. If the economic situation doesn't improve in America - and I don't see that happening for some time - these protests are likely to continue and spread. The Arab Spring seems to have arrived in America!

1 comment:

JULIE said...