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"OCCUPY WALL STREET" MOVEMENT:
American media looks right through it

"OCCUPY WALL STREET" MOVEMENT: American media looks right through it

Both American government and the state financial system made plenty of common Americans suffer. Still, hotbeds of protest and mass rallies take place just like 40 years ago. They haven’t become particularly crowded as of yet and American media prefer ignoring their very existence. Meet the laws of post-modern information age: several thousand Middle-Eastern protesters make up a heroic national uprising against the tyranny, while the same sort of rally in the USA is merely a bunch of lunatics, threatening public order and national security.

On the 21st of October, 1967 one of the most significant events in American history took place. After the five-day-long national protests against the draft the so-called "March to Pentagon" was attempted. Up to two thousand people arrived to the headquarters of American defense department. After the pacifist rally at the Lincoln memorial, participants marched towards Pentagon itself, where they faced military and state police, national guards and military troops. Stand by Pentagon lasted for a day and night and a group of demonstrators managed to infiltrate the building. All in all, 700 people were detained during this rally, including the most prominent activists of the time — Dr. Benjamin Spock, writer Norman Mailer, Catholic priest Daniel Berrigan.

Later declassified Pentagon and Senate reports indicate that after 1966 American government was afraid of mass civil disobedience. "Youth, non-privileged classes, intellectuals and women, protesting against the war" caused especial anxiety.

"March to Pentagon" was really a spontaneous action, or more exactly public reaction to the war in Vietnam. We may say that the march achieved the set goal. It triggered the anti-war rallies all over the country — in the educational institutions first of all. According to the National Student Association, during the following half a year 225 rallies took place in 110 state universities and colleges. All in all, 3460 pacifist walkouts were reported during the entire academic year.

Apart from military failures, economics catalyzed the situation too. By the end of 60s the negative consequences of the war started obviously influencing the U. S. economy. Inflation accelerated, series of financial mini-crises took place. Economic decline and the growing public discontent made U. S. President Johnson stop sending extra troops to Vietnam, which actually ended the Nam war.

Возможно, формат этой картинки не поддерживается браузером. If we try to draw analogies between the USA of 60s and the USA of 2012–2012, we might found plenty common features. Due to all indices current situation is worse than 40 years ago. National debt has gone to mind-boggling heights and instead of a single war America wages several of them. National draft hasn’t been announces as of yet, but the economic troubles are pretty much the same as in the second half of the last century. Global economy — and thus, the U. S. economy — keeps down-swinging. By the end of September Dow Jones index went 2% down, having outdone even the forecasted mark of 10.9 thousand points. Price of the Texas Light Sweet oil went almost 3 dollars down, having made $79 now — that is the largest drop in the last year and a half.

Moreover, the social inequity has broken yet another record. Division into "good" rich and "bad" poor is almost legally defined. The super-rich class usually represents the large corporations, featuring the state support in the form of both money infusions and tax eases. For the sake of justice we have to admit that that after coming to power Barack Obama attempted to stabilize the situations with the 1930s-like methods: separating the investment banking structures from the purely commercial ones. In case of success the banks investing into industrial development and creation of jobs would’ve fetched themselves in much more beneficial conditions — for the account of commercial banks, of course. Yet, the latter ones have made everything they could (through their Senate proxies) to prevents such separation of benefits. Now we’re facing a paradoxical situation when the savings of common Americans (like retirement money) are permanently depreciating because of the dollar devaluation and sudden inflation, while corporations turning these capitals over are quite healthy indeed.

Hippie protested because they didn’t want to work. Today the situation has reversed. 18 thousand jobs (instead of the scheduled 90) were created all over the country, outside of Wall Street. Official unemployment rate makes up 9%. Almost half of these unemployed people are unable to find the job for more than half a year. Given that, they are to face even harder time finding it, as long as demand for workers is not increasing either. This naturally deteriorates the situation with mortgages. The U. S. government is going to save the economy with yet another "quantitative easing" for the third time. In the first rough approximation its essence is the FRS buying off a part of the U. S. national debt. Depending on your optimism, this either causes the market growth or prolongs the inflation agony. Regardless of the achieved result, inflation bound will likely be the QE3 side effect, which will make yet another hole in the pockets of common Americans, who don’t fall into the "beneficial" tax categories.

Both American government and the state financial system made plenty of common Americans suffer. Still, hotbeds of protest and mass rallies take place just like 40 years ago. They haven’t become particularly crowded as of yet and American media prefer ignoring their very existence. Meet the laws of post-modern information age: several thousand Middle-Eastern protesters make up a heroic national uprising against the tyranny, while the same sort of rally in the USA is merely a bunch of lunatics, threatening public order and national security.

Local protests against unemployment and bureaucracy have started as far back as this summer. "Liberal" media ignored them of course. Yet, by October the degree of discontent went so high that media could do nothing but cover the protests. Several long-term actions have been going on in America since the middle of September with "Occupy Wall Street" being the biggest of them. Its participants object to "financial terrorism", corporative greed and the reduction of social budget spending. Movement activists have scheduled to bring 20 thousand people to the Manhattan streets on the 17th of September and stay there "for several months"

At first they’ve been just standing there, holding some banners, annoying the population of the famous street and then moved another forms of protest — much more appreciable and decisive ones. Yet, even during the first stage some notable incidents have taken place. During the protests several clashes with police took place and about 2000 thousand people, protesting against the detentions came to the NYPD headquarters. According to the NYPD reports, on the 25th of September "about 80 people" were arrested. They’ve been mostly charged with breaking the public order and hindering the city traffic. One man is accused of attacking the police officer.

Возможно, формат этой картинки не поддерживается браузером. On the 1st of September, after a two-week-long watch at Wall Street, activists attempted to block the traffic at Brookline Bridge. They have finally been noticed — during this event alone more than 700 people were arrested. This is comparable to the man strength of March on Pentagon. Of course, there’s barely no information either about the event itself or about the number of participants in American media. Yet the very number of arrested people gives us idea of its scale. "This is not a walkout against the NYPD, this is a rally of 99% of population against 1% of authorities" — demonstrators say.

You won’t have to be a Smart Aleck to guess that "We’re 99%" movement acts hand-in-hand with the "Occupy Wall Street" — following statement is posted at their website: "We’ve found out that no one’s really for the disproportionate corporative influence in politics. We’ve found out that no supports pushing entire families into the street, while banks keep building up their profits. None do but the banks and corporations themselves. We call for the NYPD employees to show solidarity with our cause. All of them — both men and women may lose their own pensions during the next budget cut. Those, profiteering on other people’s torments will be called to account. We are 99% and there’s too many of us to lose". The resource itself contains quite a number of life stories — all of them different, and yet the united with lack of jobs and prospects. Another website refers to a list of cities, where the similar rallies are to be held. Protest marches in Chicago and Boston have already taken place and in San-Francisco authorities even had to shortly block the cell phones and several social network pages.

Surely, there are no grounds whatsoever to herald revolutions, coups and turning the USA into socialist state and other impressive perturbations. But even today the prospect is crystal clear — either U. S. government keeps saving banks and corporations, paying all the less attention to the growing discontent of poor, or, feeling the bulking up burden of social payments, makes its mind for an utterly unpopular move. Then an entire privileged status of American corporate-financial system will go south, while companies themselves will have to tighten their tax belts a notch, badly influencing the economy of course. Mind that problem won’t just go away — the protesters intend to hold their rallies until the New Year’s Eve at the very least.

By Alexander Vishnevsky

 

 

 

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  • The U.S. and especially the EU authorities are willing save the operation ability of the current economic system and its institutions, although the stabilization efforts are often late, while their realization is often complicated by internal and external reasons. Interests of supranational alignments, national elites, major corporations, middle class and the poor clash in a Gordian knot of a conflict. There’s a great shortage of the available financial resources and, which is the most important, the time itself. Theoretically the situation still may be fixed, albeit the practical chance of achieving the desired result is dismal.

  • Most likely the situation will develop in the following way: outstanding democrat Barack Obama will express his support of the participants albeit the police and the FBI will be slowly arresting the "revolt" leaders. Demanding total freedom and inviolability for the rebellious ringleaders abroad (especially in the countries stuck in geopolitical or economic discrepancies with the USA), America isn’t going to stick to the same rule inside the country.

  • When all the attempts to overcome crisis fail, the witch hunt starts. The only way to give a satisfactory explanation for the obvious discrepancy of the undertaken actions and actually achieved results is to find an enemy without.

  • At first I’d like to point out the main thesis of the material: China has long ago become the first economic of the planet. While reports on the U.S. monetary policy contain the new data on its financial troubles all the more often, the PRC macro-statistic data indicates a fantastic increment of steel, cast iron and cement production.

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"OCCUPY WALL STREET" MOVEMENT: American media looks right through it
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