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Home » U.S. News » 2012 Election » Can Occupy Wall Street Permeate Wisdom of Change?

Can Occupy Wall Street Permeate Wisdom of Change?

Posted by: Muhammed Faraaz    Tags:  2012 election, Adbusters Media Foundation, brooklyn bridge, demonstrators, NYC police, Obama, occupy wall st, Occupy Wall Street movement, occupy wallstreet, ongoing protests, protest wall street, radiohead wall street, Tobin tax, wall street protests, Zuccotti Park    Posted date:  October 6, 2011  |  No comment



More than 700 people were arrested from the Occupy Wall Street movement in New York City. Demonstrators were arrested when they spread to the Brooklyn Bridge, closing down the traffic for several hours. The occupy Wall Street group had camped in a plaza in Manhattan’s financial district for the last 2 weeks.

Several hundreds of protesters are still camped not very far from Wall Street at Zuccotti Park. The group has staged various demonstrations for the last 2 weeks against the finance industry. Protestors are driven by the wobbly economy and corporate greed.

Occupy Wall Street is a series of ongoing protests in America, originally called for by Canadian Activist group Adbusters Media Foundation, best known for its advertisement-free anti consumerist magazine called Adbusters.

A thick line of people carrying placards were assembled at the police plaza, the head quarters of the New York Police, near Zuccotti Park. According to the groups’ declaration, they are not against the police but aim to express a feeling of mass injustice. According to the group the injustices included are foreclosures, work place discrimination and student loan debt, among others.

The protest blasted-off on September 17, initially with a hand-full of agitated participants who pitched their tents in front of the New York Stock Exchange. In less than 20 days, the  scale and reach of these protests expanded in a massive fashion, reaching Chicago, Boston, St Louis, Kansas City and Los Angeles.

Police arrested around 700 people with charges of disorderly conduct and blocking the public street near the Brooklyn Bridge. Tim Flannelly spokesperson of the FBI said, “At this point we don’t anticipate wider unrest,” but expressed concern in mild tones. FBI and NYPD will deploy and any all resources necessary to control any developments.

The Grievances or the list of demands for what they are staging a motion in America are numerous and varied. First they call for the smashing of the iconic bull at Wall Street, second, they raise their voice for the establishment of a universal care center, and third they want congress to pass the Tobin tax, and  for political transparency.

They have other peripheral demands such as free college education, living wage income, billions in spending on infrastructure with immediate effect, and a racial and gender equal right amendment.

Protests to some extent represent, in much broader terminology, that much has to be done to eliminate abrupt feelings of insecurity and lack of confidence in the system; even so, there needs to be some logic used, and a number of discontented people is necessary at this stage, especially where peoples attitudes’ towards the Obama Administration is key to his survival in the coming elections in 2012.

If we consider some radical and some less-radical changes, as proposed by the Occupy Wall Street Group, time is still left for the Obama administration to act, if it believes in doing so. There is less than a year to win over the hearts of this society that has been wounded by economic calamity and to regain solidarity with the people’s beliefs that might save the ship from sinking.

Critics to this motion or event particularly doubt about how  pervasively these demonstrations can move forward. Most of them say a leaderless movement will end soon, and even the presence of stars in the event might not potentially blow a whistle in ears of the administration.

Nevertheless demonstrations on a mammoth scale in different parts of the nation might well do the trick to at least move the stone, if not shift it completely.

Image Courtesy of   http://www.flickr.com/photos/shankbone/


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About the author
Muhammed Faraaz
Muhammed Faraaz
Post-graduate in Economics from India, unfolding complexities and policies. Proponent of Classical Economics.



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