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The Most Amazing Article written on Occupy Wall Street ever written! Please read this. WARNING: It's long

 
Thommy Kane
User ID: 4913176
United States
12/06/2011 02:25 AM
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The Most Amazing Article written on Occupy Wall Street ever written! Please read this. WARNING: It's long
The most phenomenal read you will read in a long time.
[link to www.indyweek.com]


Some excerpts....

'''If this is a revolution we're watching, perhaps it's not so much class warfare as generational warfare. The most deluded members of my generation join the mock-revolution they call the tea party, funded by fascist billionaires, scripted by the usual talk-radio gargoyles and apparently so stunted by the brain plaque of advancing age that it imagines the government is its archenemy, to the great amusement of the corporate leviathans who operate that government like a hand puppet.'''

''''The history of American plutocracy is shockingly simple. The Industrial Revolution fueled the metamorphosis of capitalism into a ravenous monster that devoured resources, landscapes and human beings on a scale no wars or natural disasters had ever approached. The wealth generated by this devastation created colossal corporations and financial operations far more powerful than elected governments; long ago the individuals who controlled these giants learned that it was cost-effective to buy up the politicians and turn governments into virtual subsidiaries. Along with the unprecedented wealth of the new ruling class came two protective myths, transparently false but widely accepted: one, that the feeble, compliant federal government was somehow the enemy of free enterprise; two, the outrageous trickle-down theory, which urged us to choke the rich with riches in the hope that they would disgorge a few crumbs for the peasants.

Investment banks and hedge funds were designed as perfect engines for multiplying the assets of the affluent. The Wall Street elite of the 20th century—Masters of the Universe, Tom Wolfe called them—flew so far above the laws of the land that they began to imagine themselves exempt from all laws, including economics, physics and averages. This magical thinking came to a head with a wave of death-defying speculation in mortgage-backed securities, and quite suddenly, in 2008, the walls came tumbling down, exposing a phantom economy based on nothing but arrogance and sleight of hand.''''


'''This is beyond unacceptable, much closer to unspeakable, like an economic survey comparing the French court at Versailles to the sans-culottes. This is not what the Founders of the Great American Experiment had in mind (they thought slavery might be the fatal worm in our apple, but it turned out to be capitalism). This is what the OWS demonstrators, emerging from our underperforming high schools and colleges, found blocking their way to the future. Critics chide them for failing to establish specific demands, but a slate of demands from Occupy Chicago struck me as savvy and dead-on: repeal tax cuts and close loopholes for the rich, prosecute the Wall Street felons of 2008, separate commercial lending from investment banking, rein in lobbyists, eliminate corporate personhood and overturn the Supreme Court's Citizens United decision of 2010.'''





GLP