• Monthly
  • $25
  • $50
  • $100
  • $other
  • use PayPal

ONE WEEK TO DOUBLE YOUR DONATION!

A generous CounterPuncher has offered a $25,000 matching grant. So for this week only, whatever you can donate will be doubled up to $25,000! If you have the means, please donate! If you already have done so, thank you for your support. All contributions are tax-deductible.
FacebookTwitterRedditEmail

Is the Jig Up on Wall Street?

Humble though its beginnings, the so-called Occupy Wall Street protest movement launched recently in Zuccotti Park in Lower Manhattan could have profound national and international political and economic implications.  Finally, political activists have the right target for their concerns, and it is neither the White House nor the Congress, for the U.S. Government is owned, operated, and controlled by Wall Street and Corporate America.

Seduced by the success of the Civil Rights and Anti-Vietnam War political movements of the late 60s and early 70s, who focused their attention on Washington, left-leaning political activists have tried unsuccessfully to replicate this approach for the past three decades.  Antiwar, environmental, climate change, working class, antipoverty, and health care activists have all failed to gain traction by concentrating their efforts on Washington.  What seems to have eluded them is the fact during the Reagan years Wall Street and Corporate America gained hammerlike control over our government, and they have remained in charge ever since.  In 1981, when President Reagan fired 13,000 striking air traffic controllers, he dealt organized labor virtually a knockout blow.  Previously organized labor had provided a political counterbalance to the influence of Corporate America.

Since taking charge of our government in the 1980s, conservative business leaders, Democratic and Republican alike, have cleverly blamed all of our economic problems on the federal government, the same government which they control.  The effect of this sham has been to deflect public attention away from the fact that while we pretend to be a democracy, the vast majority of Americans are virtually powerless.

The global war on terror, the suppression of civil liberties, corporate greed, pandering to the rich and powerful, global warming, full spectrum dominance, imperial overstretch, and a culture of deceit can all be traced to Wall Street and Corporate America.  The outsourcing of millions of American jobs, massive military spending, skyrocketing health care costs, financial bailouts, and multi-trillion dollar budget deficits have all been influenced by decisions made on Wall Street, the epicenter of evil in the world.

The Occupy Wall Street protesters have it right on the money.  They have targeted the belly of the beast and the message is loud and clear, “The emperor has no clothes.”

It was this type of targeted attack on the moral authority of communism which brought down six communist regimes in Eastern Europe in 1989 and the Soviet Union two years later.  Global capitalism is one of the biggest lies ever perpetrated on humankind.  It has no moral authority whatsoever.

The protestors in Zuccotti Park get it!  And notwithstanding the efforts of the mainstream media to suppress the Occupy Wall Street story, the rest of the world may soon get it too.  Contrary to popular belief, New York City is not the greatest city in the world.  It is the Great Satan, home to Wall Street.  That’s the real message from Zuccotti Park.

Thomas H. Naylor is Founder of the Second Vermont Republic and Professor Emeritus of Economics at Duke University; co-author of AffluenzaDownsizing the U.S.A., and The Search for Meaning.

More articles by:
bernie-the-sandernistas-cover-344x550
Weekend Edition
October 18, 2019
Friday - Sunday
Anthony DiMaggio
Trump as the “Anti-War” President: on Misinformation in American Political Discourse
Jeffrey St. Clair
Roaming Charges: Where’s the Beef With Billionaires?
Rob Urie
Capitalism and the Violence of Environmental Decline
Paul Street
Bernie in the Deep Shit: Dismal Dem Debate Reflections
Andrew Levine
What’s So Awful About Foreign Interference?
T.J. Coles
Boris Johnson’s Brexit “Betrayal”: Elect a Clown, Expect a Pie in Your Face
Joseph Natoli
Trump on the March
Ashley Smith
Stop the Normalization of Concentration Camps
Pete Dolack
The Fight to Overturn the Latest Corporate Coup at Pacifica Has Only Begun
Jeremy Kuzmarov
Russophobia at Democratic Party Debate
Chris Gilbert
Forward! A Week of Protest in Catalonia
Daniel Beaumont
Pressing Done Here: Syria, Iraq and “Informed Discussion”
Daniel Warner
Greta the Disturber
M. G. Piety
“Grim Positivism” vs. Truthiness in Biography
John Kendall Hawkins
Journey to the Unknown Interior of (You)
Christopher Fons – Conor McMullen
The Centrism of Elizabeth Warren
Nino Pagliccia
Peace Restored in Ecuador, But is trust?
Rebecca Gordon
Extorting Ukraine is Bad Enough But Trump Has Done Much Worse
Kathleen Wallace
Trump Can’t Survive Where the Bats and Moonlight Laugh
Clark T. Scott
Cross-eyed, Fanged and Horned
Eileen Appelbaum
The PR Campaign to Hide the Real Cause of those Sky-High Surprise Medical Bills
Olivia Alperstein
Nuclear Weapons are an Existential Threat
Colin Todhunter
Asia-Pacific Trade Deal: Trading Away Indian Agriculture?
Sarah Anderson
Where is “Line Worker Barbie”?
Brian Cloughley
Yearning to Breathe Free
Jill Richardson
Why are LGBTQ Rights Even a Debate?
Jesse Jackson
What I Learn While Having Lunch at Cook County Jail
Kathy Kelly
Death, Misery and Bloodshed in Yemen
Maximilian Werner
Leadership Lacking for Wolf Protection
Arshad Khan
The Turkish Gambit
Kollibri terre Sonnenblume
Rare Wildflower vs. Mining Company
Dianne Woodward
Race Against Time (and For Palestinians)
Norman Ball
Wall Street Sees the Light of Domestic Reindustrialization
Ramzy Baroud
The Last Lifeline: The Real Reason Behind Abbas’ Call for Elections
Binoy Kampmark
African Swine Fever Does Its Worst
Nicky Reid
Screwing Over the Kurds: An All-American Pastime
Louis Proyect
“Our Boys”: a Brutally Honest Film About the Consequences of the Occupation
Coco Das
#OUTNOW
Cesar Chelala
Donald Trump vs. William Shakespeare
Ron Jacobs
Calling the Kettle White: Ishmael Reed Unbound
Stephen Cooper
Scientist vs. Cooper: The Interview, Round 3 
Susan Block
How “Hustlers” Hustles Us
Charles R. Larson
Review: Elif Shafak’s “10 Minutes 38 Seconds in This Strange World”
David Yearsley
Sunset Songs
October 17, 2019
Steve Early
The Irishman Cometh: Teamster History Hits the Big Screen (Again)
FacebookTwitterRedditEmail