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Ari Rabin-Havt

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"We Need A New System"

Posted: 10/12/11 02:53 PM ET

In the Spring of 2000, my friend and former colleague Zack Exley arrived in Washington, DC, to observe the protests that had engulfed the city during the World Bank's annual meeting. Driving into Washington from the airport, out the window of his taxi he saw "a teenage white girl with long dreadlocks who wore a homemade t-shirt proclaiming: WE NEED A NEW SYSTEM."

Later that evening he attended a party at the home of then-Secretary of the Treasury Larry Summers along with "ambassadors, politicians, esteemed professors and what seemed like the entire combined senior economist staff of the IMF, World Bank and Treasury."

It turned out Larry Summers had seen the girl too and was eagerly telling his guests about an interaction he had with her:

And so I asked the girl: 'What is this new system that you want? Tell me about it!' And the girl had nothing. Nothing! She had no fucking clue what this magical new system was supposed to be. No one is saying that there aren't problems with the world economy the way it is today. But these kids out there -- they don't know what they want!
"Mr. Secretary," said Zack. "You've got 50 economics PhDs in this room who pretty much run the world economy. And you're asking that girl for a better system? Aren't the solutions your job? You admit billions are living in hell, but it's up to that girl to fix it?"


Summers chuckled and the conversation moved on.

More than a decade has passed since Larry Summers saw that teenage girl outside the World Bank, and our domestic and global economy has only further deteriorated. We've seen two burst bubbles, two recessions, two major wars (many more minor skirmishes), lower employment, and higher income inequality. Meanwhile, those with power in our financial, political and media worlds simply cheered or sat on the sidelines feigning powerlessness.

Over the last twenty five days across the media -- with several notable exceptions -- we've seen elites point fingers, chuckle and play punch the hippy while covering the Occupy Wall Street protests. Whether it's reporters at CNN mocking protesters while sympathizing with Wall Street traders, Rush Limbaugh referring to protestors as a "parade of human debris," or a conservative reporter acting as an agent provocateur at a protest in Washington, DC, at best many in the media seem desperate not to face the fundamental issues at the heart of the demonstrations, at worst they place blame for our failed economy at the feet of the protestors -- mocking them as unemployed drains on the country.

It also comes as no surprise that Fox, which actively worked to build the Tea Party movement, has attacked these grassroots uprisings as "astroturf," and "petulant little children," and compared protestors to the "Unabomber." The Tea Party and Fox News fight to protect our system's fundamental inequalities while Occupy Wall Street is a fundamental challenge to it.

In 2000, Larry Summers tried to outsource fixing a global economic system he bore responsibility for to a girl in dreadlocks. Elites in the media and our political system are now attempting to foist the same responsibility to those camping in Zuccotti Park.

As the New York Times astutely pointed out: "It is not the job of the protesters to draft legislation. That's the job of the nation's leaders, and if they had been doing it all along there might not be a need for these marches and rallies."

If those in the media casting aspersions on the protestors had spent a decade covering the underlying problems with our economy, instead of cheerleading the housing bubble; worked to expose the lies that led our country to war, instead of taking an administration at its word; and not allowed themselves to be manipulated by political and media figures whose goal was simply to distort our political processes, there might not be a need to Occupy Wall Street. Instead the dreadlocked girl is still right -- we need a new system.

 
 
 

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03:45 PM on 10/17/2011
The media are having a long list of sins. It is probably for this reason journalists are
meantime less loud about their mission to change the life of people. Life changers they
became indeed.
Danny Schechter wrote a nice summary of the recent failure of media, giving an
insight into the problem.
http://rinf.com/alt-news/media-news/where-was-media-when-sub-prime-disaster-unfolded/2854/

It should be noted that newspapers, for instance, are in entering the seventh year of
crisis. They are gradually vanishing.
Shesme
My micro-bio will no longer be silent
03:05 AM on 10/16/2011
They want a soundbite they can bat around like a shuttlecock in their little pundit games. Why should we give it to them?
07:12 PM on 10/14/2011
No, it isn't the responsibility of the protestors to draft legislation. It is the THREAT. The threat that if Washington doesn't propose solutions, the protestors WILL. And it won't be a conservative coddling consensus respecting solution like Obama has tried for. If a bill comes out of the protests, pushed through solely by liberal politicians, it will owe nothing to the conservatives. No respect for their flawed dogma about economics.

And what happens if we have 1993 again, where the Democrats pass an economy saving budget with zero Republican votes, Again?
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Scholastica8
PEOPLE MATTER!
03:14 PM on 10/14/2011
Hint to Occupiers:

Go back and take a look at Teddy Roosevelt. Somewhere, amongst the movement, you need to find a Teddy Roosevelt.

As far as I can tell, much of the worldwide Occupy movement is about getting rid of corruption, the government-corporate devil's dance. It's also about trying to look at things in new ways.

People often think of TR in terms of "Speak softly and carry a big stick," of blood sports, and Great White Fleets.

However, he began as anti-monopoly, anti-corruption campaigner and remained so. He was a conservationist... when very few were talking about it.

Although never super-healthy, with poor sight, he worked hard and seemed to have unlimited energy.... and, like Bill Clinton, a nearly photographic memory.... and he loved a political fight.

TR wrote and wrote and wrote.

Check out his writings... use them.... and start looking
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enemyofgod72
I do not care if you like me
03:23 PM on 10/13/2011
I'll answer you Mr Summers -- We need a "resource based economy" -- go on go google it. The problem we face is that everyone is scrambling to try to repair a financial system that has finally collapsed under the weight of the thin air that props it up. We can throw millions or billions or trillions of dollars at the problem but that only exasperates the problem. Further "fixes" or bailouts would be like putting a band aid on a severed aorta, they won't work. We stand at a crossroads and we can adopt a new system or we can watch while billions of people starve to death as the world's financial markets crumble around us. Why should anyone be homeless or hungry when it is not for lack of resources but merely the lack of funds to buy needed items. Is that taking care of our fellow man? Providing sufficient necessities to everyone on this planet is the very definition of humanity. We are all human beings. We are all the 99%.
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12:25 PM on 10/13/2011
I agree about the media. With few exceptions, it's a disgrace what journalism has become. So-called journalists now are the most pathetic cowardly, cowering suck-ups of any profession. So much so that they have turned the old saying about the purpose of journalism on its head -- you know the one -- to "comfort the afflicted and afflict the comfortable".

These cowards sit in their comfort taking cheap shots at those who are out there showing courage, in far less than comfortable circumstances.

And by the way, when I see these demonstrators interviewed by the likes of Victoria Jackson, the level of their intelligence and articulation makes the people at the Tea Party demonstrations look like blathering dunces by comparison.
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lrobb
Southern Rational
08:06 AM on 10/13/2011
Most average Americans don't like the system we now have. Just ask any member of the Tea Party--which the Republican establishment isn't very happy with while working at the same time to co-opt.

Perception, however, is 99% of reality. The Wal Mart Moms in the flyover states look at OWS and see unfocused and privileged college students together with paid union protestors and find nothing there with which they would want to join forces. Anything that rocks the average world isn't ever going to get an impartial hearing.

The best result of the protests is that Congress decides to give bank regulation some teeth and gets major bi-partisan support in the effort. Nah--didn't think so either.

My crystal ball says Republicans get the next four years to screw up which convinces both sides they got it all wrong, and we need a completely new paradigm. You will not see anything like European social democracy, but you might at least be able to loosen regulations on small business, tighten them on financial institutions, make taxes fairer and flatter and finally--comprehensively--address the issue of fair trade vs. free trade.

People who have jobs whose wages enable them to have a decent life aren't camping in public parks and thinking up catchy signs.
ydrittmann
Vitter patronizes women.
10:10 PM on 10/13/2011
Flatter ain't fairer.
07:58 AM on 10/13/2011
It also wouldn't surprise me if the girl actually had an answer that to Summers actually amounted to nothing. We all know what he thought about the input of women--who ultimately turned out to be right.
Shesme
My micro-bio will no longer be silent
03:02 AM on 10/16/2011
Yeppers. We need more Elizabeth Warrens and fewer Larry Summers.
07:54 AM on 10/13/2011
"Those in the media" are in the class that is doing extraordinarily well at the expense of the rest of us.
That is why they don't get it, especially when the "new system" offers an alternative counter culture.
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enemyofgod72
I do not care if you like me
03:29 PM on 10/13/2011
It doesn't help that all the major networks are owned by huge corporations. If the media started supporting the protestors and talking about solutions they would be cannabalizing their corporate masters and that isn't about to happen anytime soon. "Don't bite the hand that feeds" if you will.
07:19 AM on 10/13/2011
Clinton started the housing problem with every one should own a house and the end of the glass seagal act. This created a great spike in the economy and created a great depression when the bottom fell out. The the government bail out companies and now it is the system that failed not the politicans who had to try and play the system. The rules in place when clinton got elected worked. He changed them, Bush did nothing to correct the problem and now Obama has to get his hand in the system and it is falling apart. If the rules that where in when clinton was elected would have been left alone and enforced this problem would not be. Now the solution is more government control. The problem was created by what is now being sold as the solution.
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enemyofgod72
I do not care if you like me
03:36 PM on 10/13/2011
We can play blame game all day. On his way out of office President Eisenhower warned of, and coined the phrase, the Military-Industrial Complex. That was 1961. The MIC has grown and expanded exponentially since Eisenhower's time and has devoured our government whole. We can't fix a system that has been gamed since it's inception against us. We need a new system, one that actually works for all people not just small sections of society. We are all human beings, we are all equal. Google "resource based economy" to see what I'm talking about.
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Tammy Tyler Palmisano
06:49 AM on 10/13/2011
do repub's think media/rich r going 2 get them the office? guess they'll see when we r stuck w/barrac odumma again! these ppl who says ows protesters need 2 get skills 2 get jobs well looking @ the skills we have running the country skills r not going 2 help. the man w/the ideal has nothing but an ideal w/out workers sounds like a mutual need 2 me. I dont think these ppl have a problem w/rich ppl making money their problem is the boss brings home 4 billion n profit, the ceo brings home 2 million & sending 500 people (who actually work) home with 15000.00 a yr and have nerve 2 say thats all their worth! if i loaned money 2 ppl that couldnt pay it back & sold it 2 the taxpayer the gov would put me in jail not bail me out. if these wall st bankers r so smart how did they end up bankrupt & need bailout money from the gov(no bailouts) so they can crunch families oops numbers as they call it 2 get a bonus. i thought a bonus was for doing a great job not failing! repubs keep making fun that they have no leader i think they should b afraid of thousands taking 2 the streets w/out being led by someone. the 99% r fed up w/all of it they may not know exactly how 2 articulate it but when it stinks it stinks!
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Add In Canadia
Egotism is a weakness
04:59 AM on 10/13/2011
You won't see or get a new system until you burn the current one into the ground; because to reform the current system you're going to have to elect honest, intelligent politicians. Do they exist? Doubtful, and even if they did you need a population that's able to critically think for itself to be able to vote with their brains and not their hearts (heart voting like out of fear, anger, or 'loyalty') That's a tall order for the American people in where the majority simply react to situations as opposed to making thought out acts.

I place the odds of the American people reclaiming the current system from the corporations, lobbyists, and super-rich are less than 1%. Sure electing a president is easy enough, but can the people of America fill congress with politicians for the people? Not going to happen. It'll be easier to tear the whole system down and start from square one.

In the end, congress will probably throw the population a bone or two to keep them pacified so that the current institution continues to exist as long as possible.
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lrobb
Southern Rational
08:24 AM on 10/13/2011
We neither need to burn the system to the ground or even make the average voter exercise their brain very energetically. There is a very un-scary model for gentle but effective change right next door in Canada. No, I do not mean the Canadian health care system, which is not a model anyone should follow. (Singapore, Switzerland, Germany and Holland have far better and cheaper health care systems.)

In the 80's Canada was where the US is now. They had runaway deficits and burgeoning entitlements. They fixed it. It was uncomfortable for awhile, but not impossible. The result is that the Great Recession effected Canada less than any other Western nation because they did not experience the banking and housing crisis as did America.

We don't need to re-invent the wheel, just get bi-partisan consensus. If that is impossible, our government is well and truly broken and we need to consider a constitutional convention which allows the red and blue states to just implement their own versions of their ideal economy.
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SMK1414
just another community organizer
03:08 AM on 10/13/2011
The article refers to the lack of journalism integrity. I am astounded when I witness an interview being conducted on any of the news programs with either side of the political arena. The questions are often soft ball or restrictive. The answers are accepted as fact and later I have heard such answers be given as accurate facts simply due to this one interview. Over and over the most important parts of the news is lost and the good of the political debate is devastated. You can begin tracking actions taken by politicians by watching the news threads and interviews for a week or days or hours prior to their stand or vote. It all becomes unreliable and untrustworthy. Media and politicians are now one in the same - corporate junkies.
03:06 AM on 10/13/2011
Herman Cain has a better system. But the liberals will not cover it because he is a black conservative.
The protestors know nothing about anything. So what?
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Tammy Tyler Palmisano
07:03 AM on 10/13/2011
idk about your state but i dont want additional sales tax on basic necessities. I currently pay 0 tax on food sure dont want to pay 9%. Whats wrong w/all americans paying the same % on all earned wages including the easy money from wall street. cain needs to stick to pizza...Ron Paul 2012
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enemyofgod72
I do not care if you like me
03:49 PM on 10/13/2011
Herman Cain's plan is the worst tax policy proposed I've ever heard. Take me for example, I live in western NY, erie county. We are the second highest taxed county in the highest taxed state in the nation. So Mr Cain's plan would mean that those of us here would pay over 17% sales tax on general goods which is means our taxes would dramatically increase. Thanx but no thanx. It doesn't matter that he is black it matters that his plan is horrible.
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DiogenesOfAlaska
Mitt Romney for president - of the Cayman islands!
02:59 AM on 10/13/2011
"More than a decade has passed since Larry Summers saw that teenage girl outside the World Bank"

how do you know?

:-)