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Emma Ruby-Sachs

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What Occupy Wall Street Wants

Posted: 10/05/11 02:23 PM ET

2011-10-05-StopOccupyWallStreetp007.jpg

There has been a whole lot of talk about how the thousands of brave protestors occupying Wall St. have no clear demand. Funny, since this is just one more installment of a global movement for democracy that has taken over the entire planet -- you'd think the press would have caught on by now.

Almost a year ago, a revolution began in Tunisia and sparked a domino of uprisings across the Middle East. Their call was simple: end the dictatorship, usher in accountable government. Through occupation and all out war, countries in the Middle East attempted to topple leaders who clung to power despite representing the interests of the richest and most powerful to the detriment of the public good.

Months later, Europe exploded. Sit-ins in Spain and ongoing rallies in Greece protested economic policies that rewarded the richest 1% while punishing the other 99%. Then London and the surrounding areas erupted into riots: an expression of outrage at rising housing and food costs. Israelis established a massive tent city in Jerusalem protesting the same rise in the cost of living, and the government's stubborn refusal to pass laws that promote the common good and support the survival of the other 99%. Now, the United States and Canada have joined the fray.

Each and every demand in the occupy Wall St. protests and their kin relate to accountability. It is the latest in a global realization that our governments are held hostage by the rich and powerful, our laws and safeguards protect those rich and powerful rather than protecting the rest of us, and our leaders have no motivation to change the status quo.

Democracy is a word we throw around a lot, but it's not one that is very well understood. It's not enough to cast a ballot every four years. Democracy is a system of accountable governance -- a pledge that leaders will represent the interests of those they govern, will protect the weakest in society, and will steward collective resources (like our water and air) to ensure a sustainable future for all of us. It relies on a free press to help inform citizens of governmental action. It relies on freedom of assembly and movement to allow citizens to communicate directly with their representatives.

It is this pure notion of democracy that each and every protestor, from Tahrir Square to Wall St. is after.

So, it's not enough to study Occupy Wall St. as an American anomaly with a surprising lack of cohesion and a fascinating list of diverse demands. It can't be splintered off or explained away. This is the next phase of a global push for real democracy. And, given the poor state of democracy in the United States, it's no surprise cities are exploding with outrage, citizens are on the street, and a national movement has captured the imagination of the nation.

 

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06:34 PM on 10/09/2011
Does the girl holding the sign really believe that Debt=Slavery? A person makes a choice to go into debt, a slave has little say in the matter.
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Si1ver1ock
the bread of wickedness, the wine of violence
03:36 PM on 10/08/2011
This is populism. The people are angy and they are speaking out. The plutocratic agitprop of the ruling elites' Apologists and Propagandists is being broken by empirical reality.
04:19 PM on 10/06/2011
Where were these people 1 year ago when democrats were being shellacked by republicans? Sitting at home collecting week #50 of unemployment. All of a sudden they want government accountability? Give thse so-called 99% a corner office and stock options and they'd be doing exactly what that 1% is doing. It's about envy not justice.
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jaydee11
just living the dream...
12:01 PM on 10/06/2011
The "99%" should move their protest to the White House as well; culpability goes both ways.
10:23 AM on 10/06/2011
First of all, this is nothing more than herd mentality run rampant. I question the intelligence of people who crowd together in public places because they 'sense' they have something in common. I've seen cattle do it too, right before the slaughter. It's fear pure and simple, fear of an uncertain future they mistakenly feel powerless to change.

Secondly, wealth is a great thing. When you have lots of money, you have lots of opportunities. The problem is that it's very hard to acquire large sums of money if you're simply milling around the street complaining about other people's wealth. These 'occupiers' probably don't deserve our respect. They're scared, confused, angry, frustrated. They're all those things that breed failure, not success, generate poverty, not wealth. I don't like them very much.

Mr. Dick Turpin
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HUFFPOST SUPER USER
thinkagain2
05:48 PM on 10/08/2011
No, no one is complaining about other peoples money or wealth. If they earned it fair and square, good for them. The problem is when those with a lot of money use it to buy politicians and the entire country...they become a plutocratic shadow government for which there are no bounds nor accountability.

Those marching are not wanting anything for free, or to live on handouts. They want a fair chance for their work to be rewarded with a fair wage and for their vote to count as much as the person standing next to them. By N O M E A N S does a fair and open economic and political system 'breed failure or poverty'. Just the opposite. Whether you like them or not is not a conclusion based on rational or reality but on misinformation and misperception. And that means you are contributing to the things like failure and poverty you so disdain.
04:34 PM on 10/09/2011
Define "fair", as in 'a fair chance for their work to be rewarded with a fair wage'. Wanting a 'fair chance' implies that they also accept having some chance of failing to have their work rewarded with a fair wage, whatever that might be.
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10:21 AM on 10/06/2011
Freedom is participation in power.
Jefferson wrote,
"instead of an aristocracy of wealth of More Harm and Danger than benefit to society,
to make an opening for the aristocracy of virtue and talent.''
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HUFFPOST COMMUNITY MODERATOR
moonflowerjewelry
Buy American made, no excuses.
10:11 AM on 10/06/2011
Last time I checked the "hippies" (99%ers) didn't cause a double dip recession.
That was for the trolls... they are irritating me this morning.
09:56 AM on 10/06/2011
Seems a bit of a stretch to say that OWS springs from the same oppression as countries in the Middle East and Northern Africa.

I get that there is great frustration among young Americans that take out six figure school loans only to find it very difficult to get a good job. I fear for the future of my own daughter currently in college. But, America is not the Middle East even on our worst day.
redonthehead
Winning trophies for my game face alone
09:25 AM on 10/06/2011
The reality of what the occupy hippies really want is to make lots of noise whining about what someone else has and have fun doing it. They complain about corporate greed yet live and survive on the very products and services that those corporations provide. How many of the protesters grow their own food? Don't use telecommunications products? Don't use powered transportation? Etc.

None of that really matters because what they really want is a life without effort. They don't want to start at the bottom and work their way up, they want to start at the top and have everything that their parents and grandparents have/had without putting in the time and effort to achieve it. They want want their college life (fun, friends, booze) and they want someone else to pay for it. The easy target is the rich. How did the rich get that way? In the minds of the protesters they didn't earn it. Bill Gates didn't get rich because the government took the wealth of someone else. Susan Serandon didn't get rich because of a government program. They worked and built a career.
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ultrawiz
Holding the Middle Ground
10:15 AM on 10/06/2011
This is what a post from a paid blogger looks like. Power to Occupy Wall Street!
11:39 AM on 10/06/2011
His post is sensible, articulate, and correct. I don't know if he was paid to write it or not, but that is irrelevant to the post's value.
redonthehead
Winning trophies for my game face alone
11:39 AM on 10/06/2011
Where do I pick up my check?
12:23 PM on 10/06/2011
I agree with what you said, but you left out crony capitalism, where the government caters to special interests and allows them to socialize their losses and privatize their profits.

Another example of corporatism is when corporations lobby for regulations which make it more difficult for others to compete and enter the market. These laws give them an unfair advantage.

Too bad the protesters are just confused socialists who want handouts and think that greed is the problem. It's not. The legalization of theft is the problem.
09:12 AM on 10/06/2011
the cacaphony of voices speaking up is not a problem... it is a joy. Let all those voices speak and let us find the common ground in them. That is democracy.
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ThatsTheTheWayItIs
religion, ideology, partisanship are delusional
09:09 AM on 10/06/2011
Best explanation of OWS I've heard yet. But if it's about democracy, it should be in DC. Only the financial sector is on Wall St. The Koch brothers aren't there, oil and health insurance corporations aren't there. Sure they sell their stock there, so does Apple, Main St corporations.

Banks take rich people's money, lend it to us and governments. That makes them evil? The problem is the rich have too much money and we have too little because life in the US is expensive. Give everyone free health care, tax the rich to pay for it. Then the rich will have less to lend, we'll borrow less, and Wall St will shrink to nothingness.
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Si1ver1ock
the bread of wickedness, the wine of violence
10:14 AM on 10/06/2011
Banks create money out of thin air. If you don't know that, you don't know much.
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ThatsTheTheWayItIs
religion, ideology, partisanship are delusional
10:05 AM on 10/08/2011
I was a bank auditor in 1972, trained at ABA in Philly. Banks do not create money, the Fed does. But it gets paid back usually, it's a loan. The banks make interest and profit from it, but that comes from the borrower.

No net money is created, except that created by all loans: if I put my money in a bank I have it, if they lend it to you, you have it too. Twice the money in effect, though your negative assets offset my positive so no net new money.

Right now the Fed is creating money with the QE program. It's buying T-Bills up from the open market, using "printed money". If it redeems them when they mature, Fed will be paid back by taxpayers. If it destroys those T-Bills, it will have printed money and "monetized the debt" as they say. That is what Rick Perry warned the Fed not to do.

We don't know what they will do with those T-Bills in the future, so we really don't know. Hopefully they will be destroyed, and so would the government debt. Taxpayers now pay more for debt interest than they do for SS or Medicare, so it would help a lot.
redonthehead
Winning trophies for my game face alone
09:08 AM on 10/06/2011
So according to the author, allowing someone who is successful to keep roughly 50% of what they earn after tax is rewarding them and I guess not handing money and goods over to the less successful is somehow punishment.
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moonflowerjewelry
Buy American made, no excuses.
10:07 AM on 10/06/2011
Their is "earning" through hard work and legalized thievery. My best friend grew up in an "old money" (original wealth hailing back to European landed gentry) family... the millionaires in his family make sure, by taking advantage of every possible loophole, that they pay exactly zero dollars in taxes. They are quite proud of it. They actually don't produce anything. It's kind of like Paris Hilton... she doesn't DO anything, now does she?
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den1953
The National Inquire of Politics the GOP!
08:52 AM on 10/06/2011
I think it is time to jolt this nation back to what it was suppose to be "WE THE PEOPLE" it's gone of the wrong track in recent years, and greed is not a American virtue to be proud of..........
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rlellis711
EMC(SW) Retired
08:56 AM on 10/06/2011
"we the people" allows those who are able to accumalate wealth and pass it on to whom ever they want. The "protesters" are people who want things given to them without any hard work
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ultrawiz
Holding the Middle Ground
10:21 AM on 10/06/2011
"we the people" allows people like you to save up their money in the hopes of one day actually being able to buy a clue because you sure aren't able to get one on your own.
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den1953
The National Inquire of Politics the GOP!
11:19 AM on 10/06/2011
WE THE CORPORATIONS need to stop stealing the American dream form WE THE PEOPLE that is the difference are you happy with inflated prices you pay every day in order for golden parachutes that are paid by Wall Street gamblers that use your money for their luxury, you stand at those gas pumps and bitch when you pay a nickle more in gas wise up!
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Si1ver1ock
the bread of wickedness, the wine of violence
08:43 AM on 10/06/2011
What will keep this protest going is moms. Moms need to show up with food. A hard day of protesting leaves youngsters weak and tired. So, fire up the ovens and make with the cookies, brownies, soup and sandwiches.

Also, songs and chants are good. Maybe we should have a contest to see who can write/sing the best anti-Wall Street songs(as a group).

Good Food+Good Songs+Good Company = A Great Protest.

I almost forgot, Great Weather is also a definite plus.
09:21 AM on 10/06/2011
Songs? You want songs? Over a year ago I wrote a song about BP and the oil disaster in the Gulf of Mexico called Special Place.
Here's the link: http://www.youtube.com/watch?v=FMvPDK8oJBk
I'm hoping, given sufficient interest, to record it more professionally, so let me know if you like it.
I also hope the energy and political will of the Wall Street protesters gets channeled into recalling Gov. Scott Walker of Wisconsin, electing Elizabeth Warren to the Senate from Massachusetts, and, for good measure, proposing a Constitutional amendment that says
from now on, wages will be tied to profits. When a company or corporation generates profits and increases in productivity, wages must increase as well. By law. Union or non-union.
And let me know if you like my song.
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11:22 AM on 10/06/2011
So if you work for a corporation at any level and the company has a bad year everyone's wages go down? See how that goes over.
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Carole Huber
08:04 AM on 10/06/2011
"Accountable governance"--now that would be a change I could believe in. Thank you for a well-written, insightful piece.
I am tired of pundits who say that Wall Street's operations have moved, and so forth. Wall Street is the place to protest because the street is symbolic of the corporate greed that has destroyed democracy, not just in this country but for the planet. I am in my 60's and it makes me feel joyful that young people and fellow protestors want to reclaim pure democracy. Change will come, despite nay-sayers and cynics.
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shankapotomus
08:31 AM on 10/06/2011
It was government that destroyed us.
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Matt Hotz
08:45 AM on 10/06/2011
No. Think different. Think harder, and follow the money. So long as the corporate citizenry is guaranteed equal rights and grievances in the eyes of the federal government and is able to peddle influence with the flood of dollar signs. The writing is on the wall. It is the corporate citizen who has destroyed us.
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Si1ver1ock
the bread of wickedness, the wine of violence
08:46 AM on 10/06/2011
No, it was Incompetent GOVERNANCE, that destroyed us.
10:21 AM on 10/06/2011
Right. In a country whose government is "of the people, by the people, for the people" it's the corporations fault? You're just another one of those losers who seeks to put the blame elsewhere.

I highly doubt that when the times were good you were so upset and vocal about undue corporate influence. I highly doubt that you were using your Constitutional rights to free expression to call attention to any injustice you saw.

As for your "pure democracy" if there was one thing the Founding Fathers of this country feared as much as a monarchy it was the voice of the mob. That's why they did not set this country up as a direct democracy but rather a representative one.

As for your "accountable governance" you have it. You can easily see what your representative's voting record is and it's now easier then ever to let them know where you stand. Did your elected representatives vote for the bail outs? Did you re-elect them or will you re-elect them? If so then you have no right to claim a lack of "accountable governance". If you did or will reelect them then you have no one to blame but yourself.
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Carole Huber
10:35 AM on 10/07/2011
I want to know how you define loser. I have a Ph.D. I am fully employed. I my home is paid for and I have a savings account as well as investments. None of these things prevent me from having a social concience. Bigotry does not prevent me from taking responsibility for helping people less fortunate than myself or wanting a government that responds to the needs of the people. And, no, I do not think of corporations as people.

A country this size cannot exist without some form of governance but it should be accountable to 99% of the people not just 1%. I count politicians as "unacountable" when they are owned by corporate entities. The ones I'm referring to are not those I voted for. I routinely correspond with my representatives and I know their voting records.