Slashdot Mirror


Ask Slashdot: How Do You View the Wall Street Protests?

__roo writes "The New York Times reports that the Occupy Wall Street movement has inspired hundreds of Facebook pages, Twitter posts, and Meetup events, and that 'blog posts and photographs from all over the country are popping up on the WeArethe99Percent blog on Tumblr from people who see themselves as victims of not just a sagging economy but also economic injustice.' What do Slashdotters think? Do you relate to the 99% stories? Do they make you angry — either at the system, or at the protesters? If it's at the protesters, is it rational or a just-world effect?"

159 of 1,799 comments (clear)

  1. The 1% are insulated by Mindragon · · Score: 5, Insightful

    Even if you're screaming right outside their door, they're just going to call the cops and crank up the volume on the TV. I don't seriously believe that the Occupy campaign are going to do that much to change what is going on. The 1% already control everything. Everything that you buy, everything that you watch and everything that you do is controlled completely by this 1% group. Just about the only way I can think of to wrest power away from these folks is if the 99% were to stop buying everything for more than 90 days. Once the corporations see their income statements go to zilch then you would see real change.

    --
    Just add {In Space!} to anything.
    1. Re:The 1% are insulated by Anonymous Coward · · Score: 2, Interesting

      So start your own business. I did.

    2. Re:The 1% are insulated by causality · · Score: 5, Insightful

      Even if you're screaming right outside their door, they're just going to call the cops and crank up the volume on the TV. I don't seriously believe that the Occupy campaign are going to do that much to change what is going on. The 1% already control everything. Everything that you buy, everything that you watch and everything that you do is controlled completely by this 1% group. Just about the only way I can think of to wrest power away from these folks is if the 99% were to stop buying everything for more than 90 days. Once the corporations see their income statements go to zilch then you would see real change.

      It's mostly a problem of identification. The real power-brokers love to be behind the scenes. They aren't the ones who are out there, on TV, participating in campaigns, issuing press releases, etc. That's all a puppet show for public consumption, to put it simply.

      The real aristocracy does everything by proxy, by funding, by corporations, and by front organizations. The single most effective thing they ever did was to replace real state-issued money with bank-issued monetized debt. That's how you grab a nation by the balls without ever using physical force.

      I doubt these protestors have the sophistication or the awareness to see through the bullshit and understand what they're actually opposing. Unfortunately, they are likely to be useful idiots, pawns on someone's great chessboard. That's generally the problem when you have blind, stupid, unfocused rage that lacks understanding and a strong sense of constructive purpose. That's why (in terms of Establishment priorities) it's okay to give them so much media attention. It's little more than a way to get the "troublemakers" to identify themselves and be arrested or otherwised put through the system.

      --
      It is a miracle that curiosity survives formal education. - Einstein
    3. Re:The 1% are insulated by operagost · · Score: 4, Insightful

      98% of us wish that the 1% who are claiming to be the 99% would stop pretending they're speaking for us.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    4. Re:The 1% are insulated by elrous0 · · Score: 2

      Sure, they have power, armies of private security, full control of the government, etc. But that's no match for the protestors' mighty drum circles!

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    5. Re:The 1% are insulated by OpenGLFan · · Score: 3, Interesting

      So start your own business. I did.

      I can't, nor can many of Slashdot's audience. Why? Because of a law IBM bought in 1986 prohibiting programmers and software engineers from working as self-employed individuals. (Citation: http://www.nytimes.com/2010/02/19/us/19tax.html ). So, once again we see regulations bought by corporations to steer things in their favor. Which is kind of the whole point of the protest.

    6. Re:The 1% are insulated by elrous0 · · Score: 4, Insightful

      The French Revolution was more about one group of powerful thugs overthrowing another group of powerful thugs (some have made the same case about the American Revolution too). It was only CLOAKED as a grass-roots revolution. REAL grass-roots revolutions are very rare.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    7. Re:The 1% are insulated by G · · Score: 2

      So start your own business. I did.

      Here here! I have a FT job, 2 businesses (1 Consulting, and 1 SaaS), and work my tail off (not to mention 2 young children). I have a small house, an '04 Corolla, and it's a challenge to make ends meet but I don't begrudge this "1%" too much as I've (as anyone does) got a shot at getting a slice of the pie.

      I'm not a cheerleader or over-zealous optimist either. I think there are problems with corporate ethics and don't get me started on too big to fail, etc. But at least I'm taking something to market, making an effort. Not just whining and crying because somebody, somewhere, somewhen was successful before me.

      I also acknowledge the significant risk of failure. However, I also know, as I've done before, I'll get up and get going again. Can't win if you don't play.

      Go be disruptive in the marketplace, being "disruptive" standing in the street holding a sign just annoys the poor folks trying to do their part in moving their own situation forward.

    8. Re:The 1% are insulated by RevGregory · · Score: 4, Insightful
      ...and thank you for pointing out why the protesters should be in front of the White House, the Capitol, and choking off K Street. The behavior of companies is not the pressing problem, it is the government reinforcing those behaviors and making them viable and repeatable that causes the serious harm.

      .

      Quis Custodiet, ipsos custodes.

    9. Re:The 1% are insulated by Dunbal · · Score: 3, Insightful

      Yes it turned out very well. For Napoleon. Who said "There are those who cause revolutions and those who profit by them".

      --
      Seven puppies were harmed during the making of this post.
    10. Re:The 1% are insulated by Hijacked+Public · · Score: 4, Funny

      No, there is a global conspiracy to keep the knolwdge of grammar and spelling in the hands of the Chosen 1%.

      --
      "Sacrifice for the good of The State" - The State
    11. Re:The 1% are insulated by gtbritishskull · · Score: 2

      The government which is bought and paid for by Wall Street. Do you really think that we should be protesting the peons (politicians) instead of the people controlling them?

    12. Re:The 1% are insulated by PopeRatzo · · Score: 2, Insightful

      The behavior of companies is not the pressing problem, it is the government reinforcing those behaviors and making them viable and repeatable that causes the serious harm.

      Isn't that sort of adding an additional layer of complexity? You're saying "we shouldn't blame the corporations for engaging illegal and destructive behavior because its the government's fault for not stopping them".

      So, if an arsonist sets fire to your house, we shouldn't prosecute him, but rather we should punish the fire department and police for not stopping him?

      Give me one reason why we should NOT hold corporations accountable for their actions.

      --
      You are welcome on my lawn.
    13. Re:The 1% are insulated by Stormthirst · · Score: 2

      I already have started. I grow a lot of veggies (you should see my food bill in late summer/early autumn - I save a fortune). Next year we're going to start keeping chickens, which will help cut down on the cost of basic meat and of course eggs.

      Personally I'd love to have solar power/wind generation, as that's another big bill, but the start up costs are rather extreme. I've seen one quote for $20k CDN for a 2.2kW system. That would barely touch what I use because we have an electric water heater, etc. But it would be a massive start. If I could be off grid entirely that would be even better as it would help avoid all the power outages we often get round here during winter.

      The problems with avoiding large corporations come when you need to buy things like a car (a car is a necessity where I live). Personally I'd love to build a bio-diesel plant to solve the problem of a) drilling for oil and b) paying the oil companies in the first place. (Would someone please please make Exxon et al. at least pay 10% of what they make - America might not be quite so screwed if they did). The alternative would be an electric car, especially if I could generate my own power.

      There will always be a need for accessing corporations products, after all I will still need someone to make chainsaw blades so I can heat the house in winter. And as someone else pointed out, I can't make toilet paper.

    14. Re:The 1% are insulated by Anonymous Coward · · Score: 2, Insightful

      Give me one reason why we should NOT hold corporations accountable for their actions.

      In many cases their objectionable actions are legal; corporations are ostensibly bound to the letter of the law but an amoral legal entity has understandable difficulties grasping the spirit (much less following it).

    15. Re:The 1% are insulated by SteveFoerster · · Score: 5, Insightful

      Unless you were an Iroquois. Then your towns were burned to the ground by George Washington's troops because your people supported the British. And plenty of Canadians trace their ancestry to American loyalists who fled their homes to avoid potentially fatal persecution.

      All that said, yes, it was still a lot better than France.

      --
      Space game using normal deck of cards: http://BattleCards.org
    16. Re:The 1% are insulated by dtmos · · Score: 4, Informative

      You need to contact an actual tax attorney and/or accountant, and try again, rather than listen to people putting you down. The law does nothing of the sort; there are, in fact, tens of thousands of self-employed programmers and software engineers in the US, and there are dozens of ways to set oneself up in the business.

      Just keep in mind that it's more likely you will run afoul of your state's Professional Engineer statues if you call yourself an "Engineer" and do not have a P. E. license. But this, too, is easy to avoid; usually just by not using the word "engineer" in your business name or as a title on your business cards. Or, by actually sitting for the exam(s) and getting the license. . . .

    17. Re:The 1% are insulated by G · · Score: 2

      I don't disagree. There really are problems. However, what frightens me is the potential for a cure much worse than the disease. Which is something our culture excels at right now. Less knee-jerk, more introspection, understanding, and willingness to work for the cure. Learn from history, learn from mistakes, plan for human nature, don't just buy into some utopian dream of a wonderful life for all. There will ALWAYS be a 1%, even if everybody earns $1, there will be those that gain power enough to get $2. The trick is, if that 1% is a political class they're almost certainly unassailable by any but violent means. I have a shot at taking down MSFT (If I were to try and had that particular talent, that's not my market). Trying to take down the Communists party in China will just end up with me being 6' under. Perhaps poorly explained but hopefully the point is there.

    18. Re:The 1% are insulated by pscottdv · · Score: 2

      I worked as a self-employed programmer, computer consultant, and network administrator from 1992 - 2008 when I sold the business. I wasn't even incorporated until 2000. I have never heard of this alleged law and I note that the article does not cite it by statute number and does not describe it except in the vaguest of terms.

      --

      this signature has been removed due to a DMCA takedown notice

    19. Re:The 1% are insulated by dkleinsc · · Score: 4, Insightful

      That's how you grab a nation by the balls without ever using physical force.

      Sure you do, if the powerless ever get too uppity: Kent State is the most extreme example in the US, but there are plenty of more recent examples. You don't get involved yourself, of course, but you get your pals in government to organize riot police protection whenever you're having a major gathering that might attract the attention of the rabble. And here's the best part: You can use your control of government to convince the police to buy all sorts of weapons from the corporations you control, so that you're effectively using the protester's own tax money to fund beating them.

      And in the Third World countries they care about, they don't bother with the niceties of limiting themselves to non-lethal force. Sometimes they use the US military for that, sometimes the poor nation's own military and police, sometimes private security forces, but the effect is always the same. It's not all that uncommon, for instance, for sweatshop workers who dare to talk about organizing to be killed by private companies.

      I doubt these protestors have the sophistication or the awareness to see through the bullshit and understand what they're actually opposing.

      Well, for starters, they had the sense to target Wall Street rather than Washington DC and government. That suggests that they're seeing through at least one of the illusions put forward by the real power brokers.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    20. Re:The 1% are insulated by pixelpusher220 · · Score: 4, Insightful

      Countries are not in existence for corporations. They are in existence for their *citizens*. Corporations *should* get short shrift in the law making process.

      There should not be *any* voice in government for corporations until they can have the exact penalties enacted against them that individuals can. If a corporation is convicted of fraud, they can't do business for 3-5 years...until the CEO gets out of jail himself.

      The fact that any corporate money is allowed in politics is nothing but pure bribery.

      --
      People in cars cause accidents....accidents in cars cause people :-D
    21. Re:The 1% are insulated by PopeRatzo · · Score: 5, Insightful

      Here here! I have a FT job, 2 businesses (1 Consulting, and 1 SaaS), and work my tail off (not to mention 2 young children). I have a small house, an '04 Corolla, and it's a challenge to make ends meet but I don't begrudge this "1%" too much as I've (as anyone does) got a shot at getting a slice of the pie.

      I'm not a cheerleader or over-zealous optimist either. I think there are problems with corporate ethics and don't get me started on too big to fail, etc. But at least I'm taking something to market, making an effort.

      So your solution is for the 200million+ American workers to all start their own businesses? THAT'S your solution? Really? "You don't like that patent trolls are gonna sue you into the ground if you bring something to market? Well, you just get your own patents and SUE THEM BACK!"

      Do you really believe that being a "consultant" is the same as "bringing something to market"? Come on. "Consultant" is just an invention of big business which allows them to underpay workers and not give them any benefits. I get a kick out of people who think that "consultant" is some sort of elevated status when in fact it's just a sign on your head that you have been bent over a desk and well and truly fucked.

      have a FT job, 2 businesses (1 Consulting, and 1 SaaS), and work my tail off (not to mention 2 young children).

      So you believe that the fact that you have to do all that just to survive, while probably seldom seeing your wife and kids and having extra pressure on your family life and needing to work until you drop just to make ends meet is a good thing?

      That's about as ridiculous a notion as this new talking point going around "conservative" media that the solution to our economic woes is to have everyone work longer and retire later. Think about this: Forty years of a computer revolution with everything being automated and the productivity levels of workers going up 200-300% and corporate profits at all time record levels and you still have to work harder and longer. Don't you see anything at all wrong with this picture? You're being asked to give up another decade of your life to work even though you're more productive than your grandparents were. And why? Because the corporations you work for have decided that they don't want to give you pensions any more, that you shouldn't have benefits and you need to put in more hours, more work, more productivity so the shareholders profits can keep accelerating. Think about that. The solution to the equation of wealth, for some reason, is that you should work harder for less even though you're a lot more productive.

      But...but...if the workers have less, that means that they'll have less to spend on the products and services the corporations sell! What now? Well, we'll give you a credit card! And then another. And then another that you can use to transfer your balance so it seems like you're not doing so badly. And when there's just no room left on the cards there's that pittance you've got in equity on that house you've been paying on for 15 years, so you should just borrow against that. Yeah, that's the ticket, that's how we'll keep it all going. And when all the equity's been scraped from the houses and the foreclosures are at record levels, then what?

      Well, that's where we're at today. There is a global economic downturn because every last shred of accumulated wealth has been scraped from the majority of people who are seen as nothing but lambs to the slaughter for corporations and there's even an economic downturn in China. So every drop of work, every drop of wealth has been had we find ourselves where we are today.

      The world did not just become less valuable. There is not suddenly a shortage of money all over the world. The entire world economic downturn can be seen as what happens when all the wealth gets siphoned off by small percentage of people.

      I retired back on 2006 on my 50

      --
      You are welcome on my lawn.
    22. Re:The 1% are insulated by Squiddie · · Score: 4, Insightful

      I don't think anyone has a problem with the 1% just because they have wealth. People have a problem with them wielding disproportional political power and using that power to siphon off more wealth and enacting public policy that only benefits them. Regulation and Taxation are only ways to regulate industry to certain people from benefiting from the overall failure of the market or even their individual companies. Taking big money out of politics is a better first step to diminishing their power. I don't like government regulating public life, but industry is to be regulated.

    23. Re:The 1% are insulated by bberens · · Score: 3, Informative

      "Consultant" is not designed to underpay someone. When I'm a "consultant" I generally get paid more than when I'm working a W-2 job, even after adjusting for benefits and everything. There's additional risk as a consultant which is difficult to quantify financially, but I've been pretty fortunate to always get paid and never get canned unexpectedly.

      --
      Check out my lame java blog at www.javachopshop.com
    24. Re:The 1% are insulated by spazzmo · · Score: 2

      You've got chance at a slice of the pie? The 1% own the pie factory.

      --
      The cheese stands alone...
    25. Re:The 1% are insulated by MightyYar · · Score: 2

      Are you saying that the British abolished slavery in the colonies and then the Americans re-instituted it once they became independent?

      --
      W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
    26. Re:The 1% are insulated by Culture20 · · Score: 4, Insightful

      set up a corporation, The corp bills as a contracting firm and then pays them minimum wadge. The Corporation buys there house, car, boat, land, etc, etc. Most of it is expended off the corporate taxes. There wadge goes to pay for things they want. I am told that when all is said and down they make a killing at it.

      And they're stupid. The point of an LLC is to prevent things like losing your house et al when someone sues the company. If the house is owned by the company (not the person), then isn't it fair game? Pay yourself a good salary and use that to buy the stuff you want to keep for yourself. Everything else can be LLC owned.

    27. Re:The 1% are insulated by Myopic · · Score: 4, Informative

      And plenty of Canadians trace their ancestry to American loyalists who fled their homes to avoid potentially fatal persecution.

      This is something I learned at age 29 when traveling in Canada, and it totally blew my mind. Nobody in any history class had ever mentioned, nor had I ever thought to ponder, what happened to the people who didn't agree politically with the Revolution. Up there in Canadia [sic], they have Loyalist Highway and Loyalist High School other landmarks named for Loyalists.

      They aren't so loyal now, though, are they! Now Canadia is it's own country, since way back in the 1980s. Good for you, guys!

    28. Re:The 1% are insulated by PopeRatzo · · Score: 2, Interesting

      So was taking out an unaffordable mortgage with a variable rate.

      "Taking out" a mortgage is not a one-sided transaction.

      As we are learning in the current "robosigning" scandal, a very large percentage of the "subprime" loans would never have been approved if bank examiners had real data to examine. Banks were taking the income data from one application and cutting and pasting it into another application that would have other wise been denied. Often, when an appraisal did not support the size of the loan, they would simply appropriate an appraisal from another loan application and use it with the application that would otherwise have been denied.

      The hunger for mortgages to bundle up and re-sell was so enormous that banks were calling renters and guaranteeing people that they'd be eligible for a mortgage, then falsifying the applications to get them through. The renter would say "But I don't think I'm really eligible for a mortgage" and the broker or lender would say "Let us worry about that".

      Then, when these loans went into default as you would expect, the affidavits for foreclosure were robosigned, creating an entirely fraudulent case.

      That's why there's a half-trillion dollar elephant working its way through the banking industry right now. Even in Florida, where the judges are about as banker-friendly as it gets, they are throwing foreclosure cases out of court.

      The solution? Well, according to Rick Scott, the governor of Florida, they need to take the courts out of foreclosures completely, creating something called the "non-judicial foreclosure" where a panel of bankers would decide upon foreclosures and homeowners would get deprived of property with absolutely zero due process. No liability on the banks if they happen to foreclose on the wrong house or borrower (which happens a surprisingly high number of times).

      That's how much power the banks have in this country.

      --
      You are welcome on my lawn.
    29. Re:The 1% are insulated by thecatt · · Score: 2

      The guy who wrote that article is an idiot. As if voting for one of two identical, corporate-owned candidates or a handful of third-party wackos with no chance of being elected is going to make any difference. He chastises the young for not voting and claims "their influence on politics has vast, untapped potential" that could somehow be realized just by voting. He calls the 2010 election "one of the most critical elections in years that tipped the balance of power in Congress." Seriously, just how different do you think our situation would be right now if every election in 2010 had gone the other way? That's why the protesters are protesting instead of voting, because they know that voting accomplishes nothing when the system has already been gamed to make sure the corporations win no matter what happens in the voting booth. In the US, voting is nothing but the opiate of the politically-minded masses.

      And yes, I did vote in 2010 for one of the third-party wackos, for all the good it does.

    30. Re:The 1% are insulated by mrchaotica · · Score: 2

      For instance, feel free to explain how to obtain something as basic as toilet paper without corporations.

      You have framed the question in such a way as to exclude the reasonable solutions.

      In other words, the real problem is not "how do we make toilet paper?" but rather "what else can we use to clean our asses instead?" Off the top of my head, two possibilities would be bidets and washable and reusable towels (hey, it works for diapers...).

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    31. Re:The 1% are insulated by dryeo · · Score: 2

      In 1772 a slave successfully used habeas corpus in England. ( http://en.wikipedia.org/wiki/Somersett's_Case ). Quite possibly the American slave holders looked at this decision with horror along with the increasing English dislike of slavery. How much this influenced the Revolution is hard to say but it may have.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    32. Re:The 1% are insulated by Nadaka · · Score: 3, Insightful

      I am not asking for ever-increasing control of the economy. I am asking for some social justice, some equity, some defense for the common man against the abuse of those in power. What I want is a well regulated capitalist economy where the government is of the people and for the people. That isn't communism, it isn't fascism, and it isn't a Laissez-faire anarchy or feudal plutocracy that libertarian ideals inevitably lead to. It is capitalist with a stabilizing influence of socialism where you are never punished for getting rich, nor are you punished for being poor or middle class.

    33. Re:The 1% are insulated by Anthony+Mouse · · Score: 2

      Once we've met each other, working out the details is remarkably quick.

      Is it, though? Do you even agree on the broad strokes? Or do half of you want lower taxes and the other half want more government spending?

      The problem is that people spend all their time arguing about the broad strokes and they never even get to the details, even though the details are what matters.

      Let me give you an example: If you buy an ownership stake in a corporation (say 100 shares of stock), there are two main ways you can grow your money. The first is by the corporation paying a dividend (that is, giving the shareholders a share of the profit), the second is by holding the stock until its value goes up and then selling it for more than you paid. In theory you should be pretty agnostic as to which form your money comes in: If the share price goes from $10/share to $11/share, that should make you exactly as happy as if you were paid a dividend of $1/share and the share price stayed the same. If you want you can use the dividend to buy additional shares, or sell some of your shares if you want to use the money for something else -- the form the gain comes in would not matter to you.

      In comes the tax code. It turns out that those gains get taxed, and the form of the gain changes when the taxes are owed. If a corporation pays a dividend then the shareholder owes income tax on it immediately. If the share price goes up, you don't have to pay tax on the increase until you actually sell the shares. Suddenly shareholders strongly prefer to make their gains in the form of increasing the stock price and not dividends, because it allows them to to put off paying the taxes for many years. In the meantime the money they would have paid is invested and collects returns.

      So no big deal, right? Without the tax, when a corporation made a profit they would have issued a dividend and a stockholder who wanted to reinvest the money would just buy some more shares of one stock or another. Now the corporation takes the money and invests directly, which means they're holding more assets and their share price goes up, and the stockholder who wants to spend his gains instead of reinvesting them just sells a few shares to do that. Big whoop.

      Except that it turns out to change the way the whole economy works. GE has been known to make more money from its investments in other companies than it does from its own operations. More to the point, it takes the decision of what to invest in out of the hands of investors and into the hands of the executives of big corporations, for all the money that would have otherwise been issued as dividends. All the small and medium businesses that would otherwise have been independent competitors to the big companies suddenly become their wholly owned subsidiaries, because the big companies have to buy something with the money their shareholders don't want as dividends, so why not competitors?

      On top of that, it makes it impossible to run a stable company with no growth. Look at the publicly traded telecoms and cable TV providers. They're public utilities -- it's the basic model of a company with minimal growth potential. You have a local monopoly, you have X customers, every month they pay you money and what you sensibly ought to do is issue whatever you have left after operating costs and upgrades as a dividend to your shareholders. But the tax code makes the shareholders not want dividends, it makes them want your stock price to go up. So you buy competitors in other regions, you buy NBC, you buy cellular companies, etc. You have to keep your company growing so the stock price can increase.

      And it doesn't end. Is AT&T big enough to make the shareholders happy? Of course not. They want further growth, which means further acquisitions. The death of small companies, media consolidation, etc. Because the tax code taxes dividends differently than capital gains. Is that the sort of thing some mob full of art historians and retail sales people is

    34. Re:The 1% are insulated by Doc+Ruby · · Score: 2

      Corporations are taxed, but only on their profits. At least, on the profits they're willing to admit.

      But corporations subtract from their profits property they buy, even if they don't sell it or use it to contribute to profits ("nonperforming assets"). Like a nice building, or a jet, or a "conference retreat", or other property that could be much cheaper or not owned at all. Because its owners use that property. Without paying taxes on that income.

      Humans sell their labor to corporations. If a human owned a corporation that contracted with an employer for their work, a corp that owned their car, their business clothes, bought their lunch and gas, that would be prosecuted by the IRS as income tax evasion. If the corp owned their house and fed, clothed and educated their family, even at the percentages deductible by "real" corporations, the IRS would be even more swift and punitive.

      Corporate taxation is a scam. Corporations cost the public a lot of money, more than the average human, even in just the token oversight and legal system operations. In fact since corporations are creations of the state, and are natural places to do accounting and payments, and should be much easier than humans to prevent from transacting finance, corporations should be the only entites taxed. Or at least switch to sales tax, exempting human necessities, and tax all the business transactions that would hold corporations paying for human life, rather than the unjust opposite.

      --

      --
      make install -not war

    35. Re:The 1% are insulated by Doc+Ruby · · Score: 2

      Electric companies are monopolies that charge whatever the officials they bribe let them. What socialist utopia do you live in?

      --

      --
      make install -not war

    36. Re:The 1% are insulated by EdIII · · Score: 2

      I doubt these protestors have the sophistication or the awareness to see through the bullshit and understand what they're actually opposing. Unfortunately, they are likely to be useful idiots, pawns on someone's great chessboard. That's generally the problem when you have blind, stupid, unfocused rage that lacks understanding and a strong sense of constructive purpose

      Well......... It's infinitely better than apathy .

      We sit here and do nothing we will be no more than serfs in a new type of Feudalistic society. Ruled by fear of losing what we have and serving faceless lords that control everything we do, all under the guise of democracy and freedom, while not truly having either.

      At the moment, we still have some rights left. Specifically, as you say, the right to be stupid and enraged while attacking (peaceful protests) what we think is the heart of the oppressors while understanding neither their nature or how to defeat them.

      Although centuries ago we were nothing more than property to the aristocracy, at least you could run far and deep enough in the woods and have the skills to survive, and perhaps prosper. If nobody was ever able to find you, it might be possible to have lived free in those times.

      Can we say the same about people today? I know people that would not survive for 3 days without the advanced technology that they have cocooned themselves with.

      There are two ways the 99% can fight back and win:

      1) Suffer.

      Cut back to only the essentials. Give up some of the conveniences that make you choose between your freedoms and the shiny baubles the faceless powers entice you with. Sony wants DRM enforced by law? Don't buy any Sony products. Don't buy Apple. Don't buy Microsoft. Force yourself, either through education or connections, to use only Open Source and Open Hardware. Want something shiny? Don't use any credit to get it. Live within your means like your ancestors did. Your ancestors in World War I & II and the Great Depression did not ride out those hard times with shiny plastic credit cards pushing their problems off till the next day.

      Basically, become more self sufficient and less reliant on centralized infrastructure owned by monopolies and duopolies.

      2) Fight with every ounce of strength and courage you have to keep the rights you have left, to gain the ones you have lost, and to increase the strength of what rights we had, and should have. Perform acts of civil disobedience. Protest till you have no voice left. Let them arrest you and abuse you, and then tell them, "See you next week".

      That's the way we could win. However, the 99% are still asleep. A small smattering of pissed of people that are part of the .0001% that are awake are the only ones that care and know what is happening and what is to come. What parts of history will repeat itself, yet again.

      As you said, action now only identifies who you are to be rounded up for arrests, put through the "system", and possibly "reeducation camps" if things progress to their logical conclusion.

      However, I would rather go out courageously lined up and shot, then cowardly in a comfortable little apartment enjoying the scraps that are thrown at my feet to keep me complacent.

    37. Re:The 1% are insulated by daem0n1x · · Score: 2

      You Americans always reply the same thing over and over. However, your percentage of entrepreneurs is not higher than in the other developed countries. Typical case of "do as I say, not as I do". This is just an empty mantra repeated over and over, the greatest excuse for workers to plunge into inaction every time their rights are being trampled. "Oh, my health insurance raised the price so much that I can no longer afford it. Society is perfect the way it is, so there must be something wrong with me. I'll have to get a third job to make a living. Serves me right for being a lazy bastard!".

      I'm a great engineer, I suck at businesses. The times I tried it, all I got was working as a slave for a bunch of indisciplined and lazy employees, only to be ripped off by some psychopathic partner. Why should I cease to be useful to society in something I can do really well, just to suck in something I can't do? The world loses a good engineer and gains a failed business man.

    38. Re:The 1% are insulated by Kwelstr · · Score: 2

      You don't understand how votes work. When you vote your age group gains and when you do not vote your age group loses influence. That is why seniors have a lot of influence, because they vote. If you don't like the presidential choices, you can still vote for your representatives in Congress and your local representatives. Evidently if you do not vote, it is your own fault, because that is how the system works.

      --


      ~~~Please pass the salt, I hate unsalted MD5s :-/
    39. Re:The 1% are insulated by benjamindees · · Score: 2

      The point is that you've just replaced paper with water and soap. Without large-scale chemical processes, manufacturing soap has almost exactly the same inputs as manufacturing paper -- lye derived from wood. Do you have a woodlot?

      --
      "I assumed blithely that there were no elves out there in the darkness"
  2. Bitcoin by V!NCENT · · Score: 4, Funny

    Want to do something about the current failure of money? Start using Bitcoins. It'll be the biggest protest with the biggest impact in history.

    http://www.weusecoins.com/

    --
    Here be signatures
  3. Percentages by janeuner · · Score: 2

    From what I've seen, it's actually 80% arguing with 19% about 1%

    1. Re:Percentages by Nimey · · Score: 2

      The middle class was never "meant" to be anything. It's simply an emergent phenomenon.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    2. Re:Percentages by scot4875 · · Score: 2

      Not really. An overwhelming majority of the population is pissed at Wall Street, and an overwhelming majority of the population supports increasing the tax burden on the rich to match (at least) the same tax rate as the middle class pays.

      --Jeremy

      --
      Jesus was a liberal
  4. The problem isn't the currency by MrEricSir · · Score: 4, Insightful

    The problem is a financial system built on making enormous amounts of money without contributing to society.

    --
    There's no -1 for "I don't get it."
    1. Re:The problem isn't the currency by Carewolf · · Score: 2

      The financial system does contribute to society by proving risk-willing capital, that is why it was too big to fail.

      The excessive gambling going on inside the system might not be to our benefit however, but all investments are fundamentally speaking gambles, so there is no way to prevent gambling in finance. We can only hope to find mechanisms that will make it safer for the rest of society.

  5. Protests by CFBMoo1 · · Score: 5, Interesting

    I'd join the protest if I wasn't taking care of my Mother after my Father died. I think it's a crock how things are but I also feel the top 1% aren't fully to blame. The 99% needs to learn to not be asleep at the wheel half the time and learn to say no together in order to get things done like boycotting things and not just go for "I got mine, too bad about yours" deals.

    --
    ~~ Behold the flying cow with a rail gun! ~~
    1. Re:Protests by Nutria · · Score: 2

      The 99% needs to learn to not be asleep at the wheel half the time

      The 99% needs to stop wanting to be numbed into oblivion by Bud Light and the Vast Wasteland (more now than just television).

      But then... maybe 99% of the population wants to be numb because they are -- to one degree or another -- followers. After all, we are social animals, and social animals organize themselves into hierarchies.

      --
      "I don't know, therefore Aliens" Wafflebox1
  6. What is the goal? by bigjarom · · Score: 4, Insightful

    These protests lack a specific and/or measurable goal. It's really difficult to reach a goal that you haven't set. I agree with most of the rhetoric being brandied about, but the lack of focus could be a deal breaker for the occupy movement.

    1. Re:What is the goal? by Anonymous Coward · · Score: 5, Informative

      End the Wars
      Tax the Rich
      This isn't Rocket Science

      Courtesy of Tom Tomorrow:

      http://thismodernworld.com/archives/6027

    2. Re:What is the goal? by turtledawn · · Score: 2

      The goal seems to be to get enough people riled up to join the protests and finally to annoy the wealthy enough so that they call in the government guns on a large scale - inciting a revolution ala Egypt. I do not know how I feel about this.

      --
      Uh, "if it looks roughly mouse-shaped according to my infra-red sensitive pit, eat it"? --Chris Burke 09-08-10
    3. Re:What is the goal? by Isaac+Remuant · · Score: 2

      I thought it was fairly obvious that the core was about a broken democracy where corporations can lobby "people's representatives" into representing their own interests instead.

      If your vote doesn't count unless you have a lot of money to back it up... And those who do can prey off those who don't...

      Yeah, they're protesting an effective plutocracy.

      --
      "Science can amuse and fascinate us all, but it is engineering that changes the world. " - Asimov.
    4. Re:What is the goal? by luckymutt · · Score: 4, Insightful

      It seems like all they are really doing is venting because times are shitty right now for most people, and the top earners are better insulated for such times (yes, they have what you may call an unfair advantage to get there, yes.)
      Most of them seem to be protesting against Wall Street, investors, and capitalism in general, however it was the *anti-capitalism* actions of the TARP bailout that a lot of them are citing.

      They really should be focusing on protesting Congress and the White House. The people on Wall Street are there to make as much money as they can. They don't mince words about it. If congress gives them a break that is not fair to the 99%, you really can't expect them to not accept it.
      Our Country's leaders are the ones who need to be protested on this issue for directly allowing the top 1% to have additional tax breaks, bail-outs, 0% interest loans on federal monies that they turn around and charge 28% on, etc., etc., etc.

      For example: by setting up shop (even on paper) in Ireland, the Bahamas or where ever else, US companies can get out of paying federal tax. Legally.
      Not so with an individual. As an American citizen, if I go live and work in Ireland, or anywhere else, without ANY ties to the US at all, I still am required to pay US Federal income tax on the money I earn(in addition to that countries taxes.)
      Are you really going to blame GE for, essentially, following the rules?
      Protest Washington...you won't get any better results, but at least you'll be barking up the right tree.

    5. Re:What is the goal? by Phil06 · · Score: 2

      Occupy Wall Street is protesting the banks taking bailout money from the government, the Tea Party is protesting the government giving bailout money to the banks.

      --
      "...and yet, I blame society" Duke - Repo Man
    6. Re:What is the goal? by Darinbob · · Score: 2

      Yes, the protests are mostly ineffectual. Most news stories seem to be "what are they about?"

      From the Wild One: "Hey Johnny, What are you rebelling against?" "What do you got?"

      The funny thing I think was the a Wall Street worker who pointed out that they were all using Apple products and said that Apple had the largest market capitalization. So there is a bit of irony in protesting against corporate greed while blogging about it on the most expensive and fashionable laptops.

    7. Re:What is the goal? by maken · · Score: 2

      First on a google search for "Occupy Demands":

      http://coupmedia.org/occupywallstreet/occupy-wall-street-official-demands-2009

      Summary:
      LIST OF PROPOSED "DEMANDS FOR CONGRESS

      #1 - CONGRESS PASS HR 1489 ("RETURN TO PRUDENT BANKING ACT"

      #2 - USE CONGRESSIONAL AUTHORITY AND OVERSIGHT TO ENSURE APPROPRIATE FEDERAL AGENCIES FULLY INVESTIGATE AND PROSECUTE THE WALL STREET CRIMINALS

      #3 - CONGRESS ENACT LEGISLATION TO PROTECT OUR DEMOCRACY BY REVERSING THE EFFECTS OF THE CITIZENS UNITED SUPREME COURT DECISION

      #4 - CONGRESS PASS THE BUFFETT RULE ON FAIR TAXATION SO THE RICH AND CORPORATIONS PAY THEIR FAIR SHARE & CLOSE CORPORATE TAX LOOP HOLES AND ENACT A PROHIBITION ON HIDING FUNDS OFF SHORE

      #5 - CONGRESS COMPLETELY REVAMP THE SECURITIES AND EXCHANGE COMMISSION

    8. Re:What is the goal? by Altus · · Score: 2

      Were you actually at any of those civil rights protests in the early years or do you just have the benefit of seeing their crystal clear message through the lens of hindsight?
       

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    9. Re:What is the goal? by MozeeToby · · Score: 2

      If the so called 1% really do have the power to call in the government guns on a large scale then violent, bloody revolution may be the only way to make things any better. Personally, I don't think they have that kind of power, if for no other reason than it would be hard to find a group of American soldiers willing to fire indiscriminately on American citizens.

    10. Re:What is the goal? by BlackPignouf · · Score: 2

      for no other reason than it would be hard to find a group of American soldiers willing to fire indiscriminately on American citizens.

      Yeah, that would never happen : http://en.wikipedia.org/wiki/Stanford_prison_experiment.

  7. It's the left version of the Tea Party by 0xdeadbeef · · Score: 2, Insightful

    Populist rage of the disaffected, only these are unemployed college grads instead of moderately racist suburbanites. And while this group lacks coherent talking points, at least they are angry at the right people.

    1. Re:It's the left version of the Tea Party by Brian_Ellenberger · · Score: 3, Insightful

      Populist rage of the disaffected, only these are unemployed college grads instead of moderately racist suburbanites. And while this group lacks coherent talking points, at least they are angry at the right people.

      Really? Then why aren't the protesting their University for putting them tens or even hundreds of thousands of dollars in debt for a degree that isn't worth a tenth of that? You know, the universities sitting on multi-billion dollar endowments yet are raising tuition many times the rate of inflation? In an age where information is vastly cheaper and easier to acquire, they are making it much harder and more expensive.

      The fact they are blaming Wall St, which has absolutely nothing to do with their degrees' cost, shows their university did not provide them with the necessary critical thinking skills to make it in the world.

    2. Re:It's the left version of the Tea Party by StillNeedMoreCoffee · · Score: 3, Insightful

      They have cogent talking points, tax equity for individuals and corporations. One person, one vote ( minimize the power of money from the top to influence elections and elected officials). There message is simple and close to the message of the original Tea Party which came out against Wall Street before the Koch brothers and Fox took over that group and steered them to be anti-government instead of anti-wall street.

    3. Re:It's the left version of the Tea Party by edi_guy · · Score: 5, Insightful

      It's interesting to me that Biden says there are similarities between the Tea Party and the Wall St movement, but gets shouted down or mocked by both. Take that a the core principle of the Tea Party is that government has gotten too big, is too wasteful & corrupt and is essentially bankrupting the country you would get a lot of agreement from the public. Take that a core principle of the Wall St movement is that corporations are too big, too powerful & corrupt, and are selling out this country, then that too would probably get a lot of agreement from the public. But still no effort or interest to join together to effect REAL change And of course the fact that the media invariably 'simplifies' the characterizations of one group to be racist rednecks, and the other group to be dirty hippies so that the true 'Middle' type folks won't feel comfortable supporting one or the other and certainly not both. Critical thinking on both sides of the political spectrum would help, but experience has shown that is harder to find in America today than a domestic coding job...

    4. Re:It's the left version of the Tea Party by MightyMartian · · Score: 2

      I think the protests have got a little too big to be simply dismissed as merely a bunch of professional protesters.

      My problem is that I still have absolutely no idea what they want. Even the Tea Party, as malign and foul a movement as it is, at least has a basic common set of demands. I gather the protesters are against income disparity, but other than that it's all mishmash and mumbo jumbo.

      --
      The world's burning. Moped Jesus spotted on I50. Details at 11.
    5. Re:It's the left version of the Tea Party by cpricejones · · Score: 2

      These kinds of protest were very popular before the Great Depression and spawned all kinds of songs against the banking elites (e.g., JP Morgan). NPR had a nice piece discussing the history of anti-Wall Street protest the other day: http://www.npr.org/2011/10/07/141162196/a-look-at-the-history-of-wall-street-protests

    6. Re:It's the left version of the Tea Party by dkleinsc · · Score: 5, Insightful

      The three aspects of Occupy Wall St that are like the Tea Party are:
      1. It's without question a populist movement.
      2. It's emphasizing peaceful protest as a way of getting what you want.
      3. It's not coming from either major party's political apparatus.

      That's about where the similarities end. Some of the more significant differences:
      1. Police have generally been favorable to or at least tolerant of Tea Party protests. They have been hostile and violent towards Occupy Wall St.
      2. As of yet, there have been no indications that Occupy Wall St will turn into "elect Democrats" in a way that the Tea Party turned into "elect Republicans". There are also indications that attempts to turn it into an effort to elect Democrats would likely end in failure.
      3. There are no wealthy donors and no major corporations giving money to Occupy Wall St, in the way that the Tea Party was financially supported by News Corp.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    7. Re:It's the left version of the Tea Party by aztektum · · Score: 4, Interesting

      Clearly you have little understanding of how a university works.

      Just because you have a giant endowment doesn't necessarily mean you can write checks off of it. They're likely tied to stipulations regarding their use.

      It's becoming more expensive because costs have gone up, more people are attending (in general due to population increases, more people are "college age" than before but also enrollment goes up when the economy goes down).

      Second, the economic depression has been on for a while now and wiped out emergency funds and other savings they'd accrued. There was a lot of money lost in investments that are now worthless, largely thanks to the gambling by our financial industry, but not exclusively.

      To be clear, I'm not saying there aren't areas where universities can do better to reduce costs. For example, the one I worked at for years was quite heavy on the administrative level, and could likely shed some of that to save money.

      Finally, just because information is easier to come by doesn't mean it's all valuable. The more information there is, the more work involved in organizing the useful bits from the shit.

      Our economy is a web of interconnections. It's not at all as simple as you make it sound.

      --
      :: aztek ::
      No sig for you!!
    8. Re:It's the left version of the Tea Party by John+Bresnahan · · Score: 2, Interesting

      1. Police have generally been favorable to or at least tolerant of Tea Party protests. They have been hostile and violent towards Occupy Wall St.

      That's because the Tea Party doesn't defecate on their cars. Daily Mail

    9. Re:It's the left version of the Tea Party by Machtyn · · Score: 2

      The strange thing about tax equality, is that when it does come about, the middle and low income earners are going to be paying more taxes. They almost pay nothing now (not including sales taxes and similar). I consider myself a middle class income earner and I get almost 100% of my income tax back due to credits for school/house loan interest, children, and charitable contributions (mine are over 10% of income).

      If this group of protesters are engaged in trying to drive up taxes on the wealthy, what good is it going to do to take money from fat cat business people who actually do or enable things to get done and sending it to the fat cat politicians where the money gets lost in bureaucracy and waste? Truly, there needs to be better parity between the Carly Fiorina's of the world that get their $42 million golden parachutes and the low and middle income workers that have just as much sweat equity as the upper management has financial equity in a business. Granted, the workers, if laid off, will get a month or two of severance (if they're lucky)... but that's nowhere near a retirement enabling $12 million that Mark Hurd walked off with when he was "fired".

      Certainly, unions help in this type of situation. But as we have seen, the union's have their fat cats and become a cancer to the business.

    10. Re:It's the left version of the Tea Party by dkleinsc · · Score: 2

      The police are supportive of Occupy Cleveland as well, and a lot of the local spin-offs are very keen on making the police allies of the protests (they're union guys, after all). I was referring to Occupy Wall St in New York specifically, where there have been plenty of incidents beyond the infamous pepper-spraying.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    11. Re:It's the left version of the Tea Party by L4t3r4lu5 · · Score: 2, Insightful

      You have quoted the Daily Mail. Any argument or point you made is automatically discarded out of hand for being biased, factually inaccurate, or simply fabricated entirely. They are a peddler of inflammatory right-wing bias and malign disinformation.

      I put more stock in the journalistic integrity of News Corp over the Associated Newspapers Ltd.

      --
      Finally had enough. Come see us over at https://soylentnews.org/
  8. Mindless dupes of a well financed astroturf outfit by StefanJ · · Score: 2

    Oh, wait, sorry . . . I was thinking about last year's protestors.

  9. Re:Sick of it... by GameboyRMH · · Score: 4, Insightful

    About time the losing side in the class war started fighting back, I say...

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
  10. The protesters need to refocus their anger. by gcnaddict · · Score: 2

    They're too focused on the "greed of wall street," which makes the protesters seem like they're after handouts.

    They need to instead focus on financial crimes, the fact that many of the people in the so-called 1% who are responsible for the subprime lending crisis, etc. aren't sitting in jail despite the fact that it's these white-collar crimes which bankrupted many innocent people. If they focus on the tax evasion, insider trading, blatant abuse of trust, and so forth, then they would have a more convincing case.

    --
    Viable Slashdot alternatives: https://pipedot.org/ and http://soylentnews.org/
    1. Re:The protesters need to refocus their anger. by gcnaddict · · Score: 4, Insightful

      Funny as it sounds: Bernie Madoff is sitting in jail right now for ripping off the rich, and they all got their money back. None of the people who wrote loans to everyday people knowing these people would default ended up going to jail. None of the people who inflated credit ratings on subprime financial vehicles are getting punished. This is where the protests should focus on, not just "greed," whatever that is.

      --
      Viable Slashdot alternatives: https://pipedot.org/ and http://soylentnews.org/
    2. Re:The protesters need to refocus their anger. by Scareduck · · Score: 4, Informative

      Bernie Madoff is sitting in jail right now for ripping off the rich, and they all got their money back.

      The Wilpons allegedly lost as much as $700 million, so maybe you want to substantiate that claim with something.

      --

      Dog is my co-pilot.

    3. Re:The protesters need to refocus their anger. by RightSaidFred99 · · Score: 3, Insightful

      What exact crime is it to give someone a loan? Please, who exactly do we arrest and for what? In fact, if they had been as tight as a duck's ass about handing out loans people would be whining that the American dream is dead because "normal people" can't afford a house.

      If you're going to throw some banker in jail for loaning $300k to someone for a house, make sure you throw the asshole who thought he could afford a $300k house so he could keep up with his neighbors.

    4. Re:The protesters need to refocus their anger. by gcnaddict · · Score: 2

      Giving a 600,000 dollar loan to someone making 40,000 dollars to sustain a family of four is unconscionable. The fact of the matter is that the crisis started as a result of shrewd underwriters writing bad mortgages while having them sold off in debt vehicles as AAA-risk debt.

      Yes, these guys do indeed deserve to be put down for violating both the trust of the people who got the loans and the trust of the financial industry. The problem is that there's just too many of them.

      --
      Viable Slashdot alternatives: https://pipedot.org/ and http://soylentnews.org/
    5. Re:The protesters need to refocus their anger. by gcnaddict · · Score: 2
      Whoops, I jumped the gun a bit. I read this headline by ABC and assumed it was a done deal:

      Bernie Madoff Victims Get Their Money Back

      Turns out the payments only just started. Apologies on my part.

      --
      Viable Slashdot alternatives: https://pipedot.org/ and http://soylentnews.org/
    6. Re:The protesters need to refocus their anger. by jo_ham · · Score: 2

      It's a crime when the people doing the lending know ahead of time that you cannot afford to repay it, yet give it to you anyway. They're supposed to lend responsibly, yet instead they loaned a lot of money they knew was extremely risky, and then traded that debt.

      So the positions on the spectrum are not just "tight as a duck's ass" or "criminally irresponsible" - there's a middle ground there.

    7. Re:The protesters need to refocus their anger. by tgd · · Score: 2

      What makes you think they're not after handouts?

      It seems to me the crux of the problem is that a few tens of millions of people in the US spent 10-15 years living on credit WELL beyond their means. Tens of millions of people who weren't middle class leading middle class lifestyles. Tens of millions of middle class pretending they were upper class.

      The greed of the banks was a second order greed. They took advantage of a pool of people who knew *perfectly well* they were living beyond their means.

      So the real story here is that a lot of people are really fucking mad that they're going to actually have to live within their means, as painful as that may be. A lot of kids are mad that those people fucked everything up, and everyone is (in a very left-wing Tea-Party like job of deflection) pointing fingers at "big business".

      The trillions in bailout money that went to the banks? Do people *really* think that the bankers pocketed that money? Every person who refinanced their house at a gain above and beyond the rate of inflation pocketed that money. The banks just skimmed off the top. There are ten million $40k minivans and blinged out SUVs, a million McMansions, an industry full of half-billion dollar cruise ships and megaresorts all that consumed those trillions. Not the bankers.

      These people out protesting weren't complaining when they locked up their $400k house, hoppped in their $40k minivan with their three kids, drove it to the airport and took seven days at Club Med. They only started complaining when they realized they needed a job paying $150k a year to support that, not the $55k a year they actually were making.

    8. Re:The protesters need to refocus their anger. by dafoomie · · Score: 5, Informative

      Thats strictly a paper loss, the Wilpons profited from their relationship with Madoff. They deposited about $700 million and withdrew about a billion over the course of 5 years, their only losses were the ficticious profits they hadn't yet withdrawn. A recent ruling limited their liability to only what was invested in the last 2 years, and likely only the profit they made of about $83 million.

      http://www.nytimes.com/2011/09/29/business/mets-ruling-may-reduce-payout-to-madoff-victims.html
      http://www.marketwatch.com/story/madoff-ruling-a-big-win-for-mets-owners-2011-09-28

    9. Re:The protesters need to refocus their anger. by jo_ham · · Score: 2

      Predatory lending is what it is. There is legal protection for it in many states (albeit not specific to predatory lending exactly).

      Specifically misrepresenting the ability to replay the loan, knowing that they can sell these debts on, which was the ultimate aim.

  11. Bitterness by SirGarlon · · Score: 4, Insightful

    I see a lot of bitterness on Slashdot about the U.S. political system: the sentiment that all the politicians are bought by moneyed interests and are at best indifferent, at worst actively hostile, to the needs of the person in the street or the country as a whole. I see the "Occupy<Location>" protests as expressing the same sentiment.

    At this point I think it's more important to build consensus about the need for action, than to determine a specific course of action.

    --
    [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
    1. Re:Bitterness by Stradivarius · · Score: 4, Insightful

      To determine a course of action, first we need to diagnose the problem. My take is this:

      1. Both parties in Congress have become largely unresponsive, over the past decade at least, to the will of the people.

      2. They have become less responsive because they have gerrymandered district lines to an insane level. The popularity of Congress has been hovering around a mere 20% for years, yet the last 3 elections (2006, 2008, 2010), heralded as huge sweeps, saw roughly 85% of incumbents keep their seats. The voters are no longer picking their politicians, the politicians are picking their voters.

      3. Because of this dilution in voter power, the power of moneyed interests has increased (certainly in relative terms, maybe in absolute terms too). We see both parties increasingly enmeshed in cronyism, in which they attempt to give subsidies to allies while levying taxes or regulations against opponents. Even after the biggest financial disaster since the Great Depression, on a bipartisan basis Congress proved unable or unwilling to tackle Too Big To Fail. If that's not a sign that Congress has freed itself from the will of the voters, I don't know what is.

      Doing something about gerrymandering would seem to be a step in the right direction. An example would be to put responsibility for district lines into a nonpartisan commission's hands, perhaps aided by algorithms to help maximize competitiveness. That has the advantage of being something that folks from across the political spectrum could get behind.

      An additional response to Congressional misdeeds is to stop allowing Congress to meddle in as much as it does, thus limiting the damage. But that has several downsides: 1) the left in the US seems reluctant to constrain the power of Congress, and 2) the right in the US, despite its rhetoric, has been extremely ineffective in electing members who actually would limit Congress, perhaps because 3) there is currently very little incentive for Congress to constrain itself.

  12. Unequivocal support by Hatta · · Score: 5, Insightful

    These people are the best chance we've had to turn around a country that's been headed in the wrong direction for at least the past 30 years. We live in a country where Goldman Sachs can commit thousands of acts of felony perjury, and not one person stands trial. They create fraudulent financial instruments, and pay back a small portion of their ill gotten gains as "fines" (bribes). Yet if I were to write a bad check to cover some groceries, I'd be going straight to jail. There's no way to describe this but tyranny.

    Barack Obama, the greatest hope in a generation, is either unable or unwilling to do anything about this. If he's unwilling we have a severe political problem. He was elected to bring us change he refuses to deliver, and we have no way to hold him accountable.

    On the other hand, if he's unable, we have a much more serious problem. That means democracy is well and truly dead in this country. The corporations have a complete stranglehold on our government. Unfortunately, this is more likely to be the truth.

    --
    Give me Classic Slashdot or give me death!
    1. Re:Unequivocal support by Hatta · · Score: 2

      attacking Wall St. business

      Fraud is not legitimate business. Wall Street is nothing more than organized crime, and should be treated as such. Obama could file criminal charges against the board of Goldman Sachs under RICO today. The fact that he hasn't only highlights the corruption in his government.

      --
      Give me Classic Slashdot or give me death!
  13. The protests are.... odd. by NeutronCowboy · · Score: 2

    They finally made it to San Francisco. But they either moved away from their initial location on Market Street, or were completely forced out of the city. What little I saw of them made me think that
    * the local homeless and drifters finally found something to do with their free time
    * they have no chance in hell of accomplishing anything

    Specifically, they won't accomplish anything beyond getting attention. They have hundreds of different, sometimes opposing goals. They're all upset with the status quo, but have no workable solutions. They're largely made up of young, idealistic people with little corporate or political experience. They cannot tap into any networks that carry any weight. They're doomed to be nothing but friendly protesters who will at some point run out of steam.

    To some extent, I can understand them. The system we're in is set up to benefit a very small minority (0.5%, from what I've seen actually). There's less and less economic mobility. Profits are privatized, losses are socialized. But they're not the equivalent of the Arab Spring, because they have no solution. Worse, they're pointing at the wrong people when they're asked to point at the culprits of the current situation.

    Winter is coming. It's going to be cold. Tthe tent cities will disappear. And with them, the movement. Maybe it will be reborn into something different, something with more teeth, simpler goals, and a better understanding of politics and economics behind it. That is their only real hope. I wish them well.

    --
    Those who can, do. Those who can't, sue.
  14. If I were not 2000+ miles away... by ackthpt · · Score: 2

    I'd be there with them.

    Though I think protesting on the Capitol Mall might be more effective - I'm pretty fed up with the GOP bending over backward for Wall Street and weeping about poor Bankers and Wall Street when the call for better regulation was made after the banking crisis. Also rather sore about the bonuses being paid, right after the bailouts. A lot of the rhetoric regarding "we have to leave these people alone because they enable our economy" fell on my deaf ears - the economy took a right battering thanks to their blind pursuit of margins and percentages on return, never mind the risk.

    --

    A feeling of having made the same mistake before: Deja Foobar
  15. Re:perspective by sjames · · Score: 5, Insightful

    So, you're saying that unless they are the one person on earth living in the worst possible conditions without actually dieing, they should cheerfully accept their regular ass-raping and just be thrilled that they're not that guy? That sounds like a recipe for disaster.

  16. It's just fun by FilatovEV · · Score: 2

    As a slashdotter from Russia, I feel a great curiosity towards the Occupy Wall Street. It shows the U.S. that foreigners like me weren't able to see yet. Other than curiosity, I feel some sadness, as we have two socialist parties in Russia, that get all pro-Socialism votes. What the Occupy Wall Street strives to achieve is a smaller part of our political system, that used to be a greater part once ago. That's why Occupy Wall Street makes me to think about our past, present and future.

  17. Many ways; here's one by istartedi · · Score: 4, Insightful

    I see it (hopefully) within the context of similar protests that have occured throughout US history.

    For example, the Pullman Strike. That, and other labor unrest during the later part of the "robber barron" era lead to things we now take for granted such as minimum wage and the 40 hour week.

    There were also grass roots leftist movements during the Great Depression.

    When you read these histories, some of the things said by actors on both sides are eerily similar.

    The hope is that these actions will reform and perfect our republic; but not destroy it. "Revolution" is a word that gets tossed around a lot; but I think there are very few people who want a true revolution (which I would define as a new constitutional convention that unseats all currently elected officials in one fell swoop and replaces them with something else).

    The US has been flexible over its history, and that's a strength. We don't need a revolution because it's built into the Constitution in the form of elections and even the ability to ammend the Constitution itself. For example, some have proposed an ammendment that would overturn Citizens United and strip corporations of personhood. I'm not arguing for or against such an ammendment. I'm just citing it as an example of how change can occur within the framework of the Constitution without destroying the nation.

    In other words, we have the rights of speech and assembly, and they are being used. I just hope they don't get abused and destroyed.

    --
    For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
    1. Re:Many ways; here's one by pablodiazgutierrez · · Score: 2

      Great analysis. The Glass–Steagall Act was signed into law in 1933, 4 years after the 1929 crash. The re-enactment of that law, as well as the establishment of a Tobin tax, are among the principal requests I've seen voiced. It seems timely, it's almost 4 years after Bear-Sterns.

  18. Re:Sick of it... by NeutronCowboy · · Score: 3, Insightful

    The simple fact that you're mentioning a class war makes me think you have little useful to say. What's going on right now has nothing to do with class warfare, and all to do with people being sick of bailing out private institutions when their bets failed.

    --
    Those who can, do. Those who can't, sue.
  19. 7 Core Demands of Occupy Wall Street by LanMan04 · · Score: 5, Interesting

    1) End the Collusion Between Government and Large Corporations/Banks, So That Our Elected Leaders Are Actually Representing the Interests of the People (the 99%) and Not Just Their Rich Donors (the 1%).

    2) Investigate Wall Street and Hold Senior Executives Accountable for the Destruction in Wealth that has Devastated Millions of People.

    3) Return the Power of Coining Money to the U.S. Treasury and Return to Sound Money

    4) Limit the Size, Scope and Power of Banks so that None are Ever Again âoeToo Big to Failâ and in Need to Taxpayer Bailouts

    5) Eliminate âoePersonhoodâ Legal Status for Corporations

    6) Repeal the Patriot Act, End the War on Drugs and Protect Civil Liberties

    7) End All Imperial Wars of Aggression, Bring the Troops Home from All Countries, Cut the Military Budget and Limit The Military Role to Protection of the Homeland

    Not sure where this came from, but it was making the rounds on Facebook. Numbers 6 and 7 seem rather "wishlist"-y, but other than that this looks roughly accurate.

    --
    With the first link, the chain is forged.
    1. Re:7 Core Demands of Occupy Wall Street by cashman73 · · Score: 2
      The occupation is demandless because it operates on consensus. Individuals and groups of occupiers can autonomously raise any demands they like or take any actions they like.

      So, in other words, it's as if Wikipedia is marching in the streets making demands. They're doomed.

    2. Re:7 Core Demands of Occupy Wall Street by Chuck+Messenger · · Score: 3, Informative

      These demands are in reasonable sync with the Ron Paul school of Tea Partiers:

      1) End the Collusion Between Government and Large Corporations/Banks, So That Our Elected Leaders Are Actually Representing the Interests of the People (the 99%) and Not Just Their Rich Donors (the 1%).

      Ron Paul has consistently been against any kind of bail-outs. He was dead-set against the $700 billion bank bailout, for one example.

      2) Investigate Wall Street and Hold Senior Executives Accountable for the Destruction in Wealth that has Devastated Millions of People.

      Ron Paul hasn't (to my knowledge) advocated this kind of thing. But in a similar vein, he has been an outspoken critic of the Fed - he wants full exposure of all Fed policies. These policies have been used for decades to pick industry winners - so this is an example of collusion between govt. and business. Maybe this really goes along more with point 1, above.

      3) Return the Power of Coining Money to the U.S. Treasury and Return to Sound Money

      This has Ron Paul written all over it!

      4) Limit the Size, Scope and Power of Banks so that None are Ever Again âoeToo Big to Failâ and in Need to Taxpayer Bailouts

      See above comments on bank bail-outs. Ron Paul has consistently advocated that banks must be left to fend for themselves - no bank bailouts. He's really been the more forceful advocate of this stance, for the longest time - among elected representatives.

      5) Eliminate âoePersonhoodâ Legal Status for Corporations

      Not sure about this one.

      6) Repeal the Patriot Act, End the War on Drugs and Protect Civil Liberties

      Ron Paul has been a long-time advocate of drug legalization.

      7) End All Imperial Wars of Aggression, Bring the Troops Home from All Countries, Cut the Military Budget and Limit The Military Role to Protection of the Homeland

      Again - Ron Paul has consistently argued for de-imperialization for years/decades. He is one of the few in Congress who have voted against all foreign wars, and to bring troops back from pretty much all foreign deployments.

      So, if the above list does, in fact, reflect the desires of the Occupy Wall Street-ers, then there is at least a strong theoretical connection between them and the Tea Partiers. That is, if you buy the idea that Ron Paul is the true standard-bearer of the Tea Party. Unfortunately, that isn't necessarily the case...

  20. Re:some of the stories don't help.... by LanMan04 · · Score: 2

    "I owe $70K in tuition fees to a high end college. My parents are ultra liberals with six figure salaries apiece. I'm in the 99% boo hoo." Well, I guess that (being not in the 1%) is probably true from a strictly technical standpoint, but I have a hard time FEELING SORRY FOR YOU.

    Where ever did you get such a broad brush? I must purchase one!

    --
    With the first link, the chain is forged.
  21. Re:Completely valid by airfoobar · · Score: 2

    In other words... the problem is that industry regulates the government.

  22. Small by kenh · · Score: 3, Interesting

    I went to the park Sunday and got a first-hand look at the 'protest', and what struck me was how small the protest is. The park is slightly smaller than a half city block (size of a football field), and there were two or three tourists/observers for each sign-carrying/slogan spouting/sleeping protester.

    The lack of a central them or focus allows anyone to identify with theprotesters: against the Fed? Fractional banking? Standardized testing in schools? Tax the rich? End the wars? Against student loans? Out ofwork? Then you can find a kindred spirit in the protesters. If they focused on one thing, the majority of protesters would bolt - they sacrificed any chance of actually effecting change (in my opinion) for the appearance of larger numbers.

    The protest will implode on Oct. 15th, when they maximize their numbers, their lack of focus will undermine any advances people imagine they have made.

    --
    Ken
    1. Re:Small by joocemann · · Score: 2

      The goals have been clearly expressed several times. Pretending not to know is ridiculous, and actually not knowing is indicative of laziness or having corporations as the source for your knowledge.

      The protests are clearly about the change in national policy to benefit most people by means of removing the control corporations and bankers have over our country. You've been informed and if you use google for 5 minutes you might see that I simplified the point, but was correct.

      Make some effort to find out and you will.

  23. Re:Completely valid by luckymutt · · Score: 2

    Are you talking about TARP, that was signed into law by George W. Bush a full month prior to the elections?

  24. Slashdotters unite to attack whoever dares to act? by Isaac+Remuant · · Score: 2

    Sadly, I've learned most Slashdot users will talk from self-perceived position of superiority and mock any and all attempts from people to improve things, exercise their right to free speech or just try to do whatever they can to fight for their rights.

    They will gladly complain about the Evil Xs, Ys and Zs until a common person dares to do something about it and ends up being noteworthy. That's when the hate machine will come down upon him. Meanwhile, I wonder what WE do to change anything.

    Our level of constructiveness seems to be approx 1 % :/

    --
    "Science can amuse and fascinate us all, but it is engineering that changes the world. " - Asimov.
  25. Re:Awareness by farble1670 · · Score: 2

    If I was close to where the large areas are I'd be there tearing up my $900/month student loan bills too.

    sorry but that smacks of self interest more than anything else. you borrowed the money. why don't you think you need to pay it back? if the answer is something like "corps borrow money and don't pay it back / get bailed out", your thinking is wrong. the solution is for everyone (corps and individuals) to pay their debts and act financially responsible. the answer is NOT the opposite, for everyone to refuse to pay their debts and act financially irresponsible (as you are did / are doing, respectively).

    two wrongs don't make a right, so they told me when i was 3 anyway.

  26. That's my big issue with them by Sycraft-fu · · Score: 5, Insightful

    I want to know two things:

    1) What are your problems? Not some random vague laundry list like "Wall street is bad," or "The rich suck." A short, specific, list of the things you believe are big enough problems that they warrant protesting over.

    2) What shall we do about them? Just whining that there are problems is not useful. Propose solutions. Real, workable, solutions. Understand what the tradeoffs for those solutions are (all actions have cost) and be ok with that.

    If you can't identify what it is your goals are and how you might go about achieving them, then I can't really support you because I don't know what I'd be supporting. Also I don't think there is much chance of success.

    If you look at the successful stuff along these lines. Like, say, the civil rights movement they had precisely what I was talking about. They could clearly define the problem (that minorities were not treated the same as whites) and the solution (require the same treatment under the law) they desired. There was a goal being worked towards. It was something people could rally behind, and did.

    So these people need to figure out what they want and how it should be done, and be able to state that in a cohesive fashion. Until then, I can't be supportive because I won't support something unless I understand what it is I'm supporting.

    1. Re:That's my big issue with them by gilgongo · · Score: 5, Insightful

      What are your problems?

      Banking should be a service to industry that facilitates socially useful capital and equity, not be an industry in its own right. The social good derived from (say) derivatives shorting is vanishingly close to zero.

      1) What shall we do about them?

      (I think this has been articulated rather clearly by the movement to anyone wishing to ask). Re-introduce the Glass-Steagall Act, impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets, and re-balance shareholders' interests against equity build using suitable regulatory legislation.

      So - what say you?

      --
      "And the meaning of words; when they cease to function; when will it start worrying you?"
    2. Re:That's my big issue with them by Sycraft-fu · · Score: 2

      In general, that sounds pretty good. I'd wan to know a bit more about what "re-balance shareholders' interests against equity build using suitable regulatory legislation," given that it contains a lot of buzzwords which I often find to be code of people obfuscating what they really mean.

      However reenacting GS and a transaction tax could both be very good things.

      That said, I've not seen that out of the protests in any way, shape, or form. If they do clarify with that as a goal, I'll support it 100%.

    3. Re:That's my big issue with them by istartedi · · Score: 2

      The social good derived from (say) derivatives shorting is vanishingly close to zero.

      Go the the Options Industry Council and educate yourself.

      Whenever people say stuff like this, I'm reminded of Ned Flanders not carrying insurance on his house because, "it's a form of gambling". It's funny because it's true. Options are just ways to insure your portfolio. Yes, you can also use them to place really big crazy bets that can wipe out entire corporations, and even throw whole sovereigns into a tailspin. That's not a problem with derivatives. That's a problem with letting Homer Simpson run your options trading desk.

      --
      For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
  27. Weather by Spazmania · · Score: 3, Informative

    The protests started when the weather changed from Hot to Pleasant. They'll end when the weather changes from Pleasant to Cold.

    --
    Moderating "-1, Disagree" is simple censorship. Have the guts to post your opinion.
  28. Revolution is easy - No Debt. by devleopard · · Score: 3, Insightful

    I can't speak to the "entire" 99%. However, there's a large number who fall in this category: Middle class, busting their ass, struggling with credit cards, student loans, car payments, mortgages. Just making it. They're angry at the right people - but they have the wrong idea. The middle class are more than happy to keep signing up for credit - this is how the rich have become the new Monarchy. You don't kill that power with signs and cries to the government: you do it by choosing to stop giving them all your keys to personal power.

    Teach your children: Debt is bad. Go to college on grants and scholarship, bust your ass working to pay for the rest. (Make 70% of a Harvard salary, but with $100,000+ less debt) (You'll have to teach your kids to get past the fantasy they've been sold that college is foremost about the social experience - work your ass off, study your ass off, and if you have any left over time, that's for socializing)

    No credit cards. If you don't have the cash (yes, I mean debit card, silly) to buy the latest iPhone/clothes/Christmas present, then plan better. Or accept that you simply can't afford it.

    No car loans. No car leases. First car will be garbage. Pay yourself what you'd pay in a car payment - every 3-5 years you'll have a pretty nice car and no debt ever. New cars - never. Horrible loss of value. Always buy something 2-5 years old.

    Mortgage: This is the hard one. Most people can't save up $150,000-$300,000. Actually they can.. but let's assume you need to rely on the bank. Never get into a house with less than 20% down. Then attack that mortgage. Don't pay the minimum and keep the rest so you can have the latest shiny beepy and your kids can have the latest plastic happy. Live crazy cheap for 7 years - most people can pay off their house in this time. If you start off early, and have a decent job (and aren't strangling yourself with debt), it's possible to save up and just write a check.

    Obviously all this is a bit insane, but let's stop believing the lies: we have to go to the best school, the only safe car is a new car, that credit card payments are a way of life. Your best tools aren't your picket signs and your Tumblog: it's your income. Take it back, and make it the force behind changing your life.

    For those already in the hole, there are some sacrifices to be made, but it's possible.

    An average person, 100% debt free by age 35, will be a multi-millionnaire by the time they are 70 (assuming they aren't a total idiot about how they spend their $ after debt).

    --
    The best thing about a boolean is even if you are wrong, you are only off by a bit.
  29. Re:Clueless by Chineseyes · · Score: 2

    That picture is clueless, they aren't opposed to corporations, they are opposed to crony capitalism.

    --
    I think the invisible hand of the market has its middle finger extended

    --A wise old fart named SC0RN
  30. Re:Completely valid by Just+Another+Perl+Ha · · Score: 4, Insightful


    Sorry... no.

    Sad as it may seem, the federal government (as screwed up as it is) is the only body that could possibly keep these fuckers in check. Your proposal would make the federal government weaker which would in turn make the Wall St. asshats stronger which in turn screws us all.

    Instead of drowning the federal government in a bathtub (ala Grover Norquist), I suggest we take our government back from the greedy pigs and use that power to set things straight.

    Simply getting rid of the sheep dogs because they've sold out to the wolves is not the way to go. If you leave the sheep to fend for themselves, we'll all end up as wolf poop.

    What we need is new sheep dogs.

  31. Protesting Wall Street... by Roogna · · Score: 2

    ... is not a bad idea. There's a lot to protest for sure. The protests currently going on though? Well from what I've seen they don't know what they're protesting, or why. They're there simply to be there. Which is hardly going to change anything or even cause much of anyone to bat an eye.

  32. No, it really isn't by Sycraft-fu · · Score: 2

    That reminds me of one of my many favourite lines from Canadian Bacon "There's a time to think, and a time to act. And this, gentlemen, is no time to think."

    Just going out and "building consensus for action" is not useful unless what the action is is defined. I will NOT stand behind any movement who's purpose is not defined. I have to know what you and I have to agree with it before I can support you.

    What's more, if you look at successful protests, well that is what they have. They have a list of what they believe is wrong and what should be done to solve that. They are the ones that work. As I said in another post, the civil rights movement is a great example.

    If it is just a bunch of people whining that we "need to take action" or something without saying what, then I've no use for them.

    1. Re:No, it really isn't by ahankinson · · Score: 2

      Most protests don't start out with any idea other than "something's wrong here." It's only afterwards that we can see that they changed something; while it's happening it's pretty much just chaos.

      And they do have a list of what's wrong: You have to look no further than the fact that they're occupying Wall St. instead of the National Mall. They're protesting the disproportionate financial imbalance between those who drove the economy into the ground without having to take responsibility for it, and those who are actually shouldering the burden of their actions.

      As many people have already pointed out, this is very similar to the conditions which led to the French Revolution, so I wouldn't dismiss them too readily. After all, that was organized by a bunch of largely illiterate people who got tired of bearing the burden of a collapsing but insulated monarchy. It didn't end too well for the monarchy.

    2. Re:No, it really isn't by pablodiazgutierrez · · Score: 2

      On what do you base that perception? I've only read very reasonable requests, touched with a bit more than a pinch of idealism. Two of the most recurrent requests are a Tobin Tax to trade transactions and the re-enactment of the Glass–Steagall Act. I don't see how that would lead anyone to believe the protesters want free money from corporations.

    3. Re:No, it really isn't by Dripdry · · Score: 2

      Aha! THIS is the problem (sorry, not trying to be too harsh...) I see with IT/analytics and starting a union too. They all want to have specifically defined goals to accomplish. The problem is exactly what Big Media sees too: There ISN'T one big problem anymore. There are SO MANY PROBLEMS at this point that the system is faltering madly.

      We need such a large group of people to get behind this that NO ONE can come up with one idea that everyone will agree on, the modern era of information is too individualized. We need to give some of this up for now. What we need now is CONSENSUS. We must band together and be a GROUP, A BIG GROUP, who cares about bettering the country, NOT having just one issue, but a group of issues. THAT'S HOW POLITICAL GROUPS FORM (sorry for caps), they have a wide agenda and get people behind it. If it were just one issue (this BS about civil rights versus the mending of an entire financial system is crazy, they're just not the same it would be easier, but it's just not.

      --
      -
  33. Strange Penalties by heretic108 · · Score: 2

    Steal a dollar, get probation
    Steal a thousand dollars, get a fine
    Steal a million dollars, get home detention
    Steal a billion dollars, get a long jail term
    Steal a trillion dollars, get a free swag of taxpayer money and become a consultant

    --
    -- In the beginning was the WORD, and the WORD was UNSIGNED, and the main(){} was without form and void...
  34. less anger; more education by optimism · · Score: 2

    The protesters are drawing some attention and venting some anger, but that's about it right now.

    There is however a huge opportunity for public education.

    Instead of angry faces, and moronic signs like "y u not angry?", it would be nice to see some calm & rational folks down there with signs like:

    "Bank Locally"

    "Manage Your Own Retirement Funds"

    "Reinstate Glass-Steagall"

    "End the Federal Reserve Banking Cartel"

    And if you talked to these people, they would make suggestions like:

    1) Move all of your accounts and loans to a transparent, non-profit, local credit union. Or at least to a trusted small local bank.

    2) Withdraw all money from your 401K, 403B, IRA, etc and manage it yourself. (The banks and government have lied to you about the long-term benefits of these accounts...which you will see when your retirement funds, which probably were already reduced by poor money management, are hit with the double-whammy of higher capital gains tax plus hyper-inflation).

    3) Lobby your local senators and representative to reinstate the Glass-Steagall Act, cap usurious interest rates, institute clawback laws for insane compensation of bank execs, place the Federal Reserve under ~government~ control (haha! you thought it was under government control?), etc. Call your elected representatives. Write them. Collect signatures of other constituents who will not re-elect them unless they push for these changes.

    Etc.

    1. Re:less anger; more education by goldspider · · Score: 2

      I'd love to have the requisite time and knowledge to be able to manage my own retirement account, but I don't. And neither do a lot of people.

      --
      "Ask not what your country can do for you." --John F. Kennedy
  35. Re:NOT the 99% by tommy8 · · Score: 2

    The cost living is a lot higher in the US compared to 3rd world countries. So in a country like India someone could be solid middle class and even have a nanny and a cleaning lady yet still make less money than someone living paycheck to paycheck in the US.

  36. Re:Slashdotters unite to attack whoever dares to a by goldspider · · Score: 2

    "Sadly, I've learned most Slashdot users will talk from self-perceived position of superiority and mock any and all attempts from people to improve things, exercise their right to free speech or just try to do whatever they can to fight for their rights."

    If the protesters themselves didn't try so hard to invite ridicule and instead focused squarely on getting their message out, we'd have a reason to take them more seriously.

    --
    "Ask not what your country can do for you." --John F. Kennedy
  37. Comment removed by account_deleted · · Score: 4, Interesting

    Comment removed based on user account deletion

  38. Their title exposes their presumption by swan5566 · · Score: 2

    1: I and many others who would constitute the "99%" do not stand with them. They need to redo their math. 2: No one forced anyone to take any loan. Personal financial responsibility doesn't go away just because you aren't rich. 3: No one is entitled to give you a job. 4: If wall street was breaking the law, then go picket the SEC for not doing its job. If they were not, then go picket the SEC for not doing its job. 5: Much of the 1% had nothing to do with mortgage crisis.

    --
    In debates about Christianity, there are two groups: those looking for answers, and those looking to just ask questions.
  39. I went to OWS in New York by br00tus · · Score: 4, Informative

    I went to Occupy Wall Street in New York, in Liberty Plaza on Thursday night.

    You hear in the news media about how the park is not clean. I stood and watched the General Assembly go on for some time - while I was standing there, people with brooms came by every 15 minutes or so. The OWS people are almost overdoing the cleaning in response to the criticism, I've never seen more sweeping and cleaning than I did in the park. So if you hear on Fox News that OWS is not cleaning up after itself - it is just not true. I've never seen a place cleaned so frequently.

    When I was there, most of the people were young people - in their late teens and twenties. They were winding down for the night so they were relaxing more. On one end of the park musicians were playing drums and other instruments, and the young people were dancing. Past them were a lot of sleeping bags. Past that people were being fed by a kitchen. They have a media center being run by a portable generator I believe. Past that is the general assembly where they make decisions. There is no loudspeaker so people repeat what the speaker says for those too far away - kind of like in the Life of Brian, but hopefully with more faithful repetition.

    I've followed the internal political discussions about the effectiveness of these kinds of things for a long time. One point is it's a demonstration, in the sense of an example. Food is handed out freely, decisions are made through direct democracy in a general assembly, there's a DIY esthetic for everything, in a spirit of cooperation. So a community is created in OWS that is an antithesis to say the Wall Street financial companies - which are in buildings surrounded by semi-conspicuous barriers, behind which are tall office buildings whose entrances have security cameras, security guards and locked security gates, and up the elevator you have people wearing suits (or as fashions change, business casual) in a high-pressure, competitive, cutthroat hierarchy, run for profit. It's creating the new society in the shell of the old, as it's sometimes put

    Then there's the other political considerations. Obviously this is inspired by the demonstrations in Tunisia and Egypt and the Arab spring on one level, and perhaps in some dialectical way the Tea Party as well. In the US in the 1930s there were student organizations, labor organizations, labor political parties and parties courting labor for people to get involved in. Nowadays less than 7% of private workers in the US are in a union. But things have changed in the US as well - in the 1930s Detroit going on strike would be shutting down America's economic engine - nowadays if Detroit went on strike, it would be much more minor of a ripple in the national economy. The UAW threatening to go on strike is much less threatening to the powers that be.

    One of the biggest laughs is OWS has not come out with a clear program for the ordinary 99% of us not born with a silver spoon in our mouths, to get us into a better position. Well who out there actually is doing that? The corporate media is completely controlled by billionaires, Congressmen collectively get billions of dollars in campaign contributions, Bill Gates and others are trying to privatize all schools into charter schools. These rich heirs control the media, the government, increasingly the schools, and even churches really. Most importantly of all they control enough capital to effectively control all capital, they control who works, who doesn't, and the offices we go into every day, where our labor is kicked up to these heirs in one form or another by way of a quarterly dividend check. And then the real kicker is these people also effectively control or co-opt the organizations made to check their power - labor-oriented political parties and labor unions. That's why I feel that the OWS general assembly gives voice to my concerns in a way that all the other controlled and coopted organizations out there do not. People generally don't think about these things, but as the unemployment rate drags on at 9%, as the housing market stays sluggish and so on, more people dwell on these things.

  40. Justifiable rage, but no clear goals by Anonymous+Meoward · · Score: 2
    Once the OWS organizers (if they exist) come up with at least some bullet points, then I'll take them more seriously.

    That's not to say that their anger is misguided. Those who got us into this mess have done less time in the slammer than the protesters who were unlucky enough to get arrested. Our political system is not so much broken as already bought. And the wealthy in this country, by and large, have every reason to regard themselves as America's upper caste, since they're effectively immune from poverty, or even the rule of law for that matter.

    But if there is a message here, it's getting lost in the noise.

    --
    --- The American Way of Life is not a birthright. Hell, it's not even sustainable.
  41. Re:perspective by luis_a_espinal · · Score: 5, Interesting

    To what ends? How far down the drain must things slide before they become worth fighting for?

    Bingo. Myself coming from the second poorest country in the Western hemisphere, I find it appalling that Americans criticize other Americans because they are fighting for greater equality, accountability and the preservation of the standard of living which is what makes living in the developed world great.

    Like yourself, I'm not exactly sure what the hell these holier-than-though-we-have-it-good morons expect. Should things slide till things degrade to the point the average standard of living is no longer what it should be in a developed country?

    The total student loan debt in the country is now surpassing credit card debt. When you used to be able to get a college degree with no more than $15K in debt, now you have to acquire debt 2-3 times that amount at least!. Social mobility is decreasing. There are 14 million people unemployed. People who worked hard for years, decades, are now unemployed because their jobs moved to China, and these same people get derided because they never got additional skills - with what money, with what education system, and if you are over 50, with what opportunities to get hired in a new field again?

    You can finish college owing $50K and still not have a chance to get a job. And you have no other educational alternative since we do not have a state-funded post-HS vocational education system. Unemployed are being derided for not being entrepreneur and small business owners, but those who deride them conveniently ignore the little fact that capitalism (or any economic model for that manner) cannot absorb a population entirely made of entrepreneurs.

    It is a sad indictment that it is cheaper for someone to travel to a third world country to get basic medical care than here. One would imagine that a country with the highest living standards would provide affordable health care for people making the minimum or close to the minimum. You need to make at least 2.5 or more of minimum wage just to afford medical and dental for yourself, let alone your family if you have one.

    This might be a country with a very high standard of living, but you can still be poor and live a shitty live. It is an arrogant thing to say the poor in this country that they still have it better. They do, but just marginally with respect to the cost of living in this country. This from someone (myself) that comes from a country (Nicaragua) where there is still people looking for food and recyclables in garbage fields.

    I would dare to say that in my old country, so long as you live within walking/commuting distance to a medical center (that is, you don't live in a remote village up in a mountain), you get a better chance to get basic medical care on a regular basis than a poor person in this country.

    And that is the saddest indictment of all. People who deride the protesters, claiming that they have nothing to complain, they really don't know what the f* they are talking about.

  42. Agenda??? by SwedishChef · · Score: 2

    I think many of us realize something is wrong... that whatever is supposed to be working is no longer working. Bankers seem to have undermined some basic things in our culture but haven't had to answer for it. Politicians and corporations think they own votes and manipulate both the media and political boundaries to keep it that way.

    Maybe it's all coming to a climax of some sort. Corruption on the massive scale that we've had for the past two decades may have reached the breaking point. At some point politicians can no longer do favors for every competing special interest and ignore popular opinion.

    Have we reached that point. Are we at an "American Spring"?

    --
    No one ever had to evacuate a city because the solar panels broke!
  43. It's a *very* interesting situation by Okian+Warrior · · Score: 2

    This Wall Street protest is one of the most interesting phenomena that's happened in a long time.

    We like to think that we know the general pulse and mood of society and that the outcomes are predictable, or at least reasonable.

    If Apple comes out with the iPad, it may bomb or it may be popular - both outcomes seem to be likely given the current state of the world. If a cop is videotaped beating a suspect, it will likely go viral. If the president gives a speech, it will have little lasting importance.

    The Wall Street protests are different because they are completely inexplicable. Masses of people don't protest without a reason, without a rallying point, or without a charismatic leader. There's always *something* that starts them off, that prompts people to take action. The recent London riots were precipitated by a cop shooting a civilian.

    If these protests truly are just a manifestation of general popular mood, then the country could be in serious big trouble, for the following reasons:

    1) If this is general popular mood, then the protests are emblematic of the mood of the *entire* population, and

    2) These sorts of situations are fertile ground to grow new, charismatic leaders.

    Not to Godwin the discussion or anything, but this sort of unrest has similarities to the environment that allowed Hitler to rise to power. Theoretically, potential charismatic leaders exist in our society but never become popular due to social circumstance. If the people are content, it's hard to get a following.

    The protests are interesting because of all the unlikely things that have happened: it was unlikely that they would start, it was unlikely that they would grow, it was unlikely that they would spread to other cities, and it was unlikely that they would be sustained for so long.

    So many unlikely outcomes are a clear indication that we can't predict the next outcome.

    Hence, it's interesting.

  44. Once the corporations see their income ... by Nutria · · Score: 2

    reduced to zero, they'd lay off all their workers, who would then be *really pissed* at the elitist bastard protesters.

    Then the workers would mostly vote Republican since the Republicans would say, "You had a job until those elitist left-wing bastards destroyed your jobs."

    --
    "I don't know, therefore Aliens" Wafflebox1
  45. A leader is needed by DarkOx · · Score: 2

    I think all these people at these occupy protests shows there is lots of anger and frustration out there and that the fear and attachment to the status quo are diminishing.

    This is a ripe time for a charismatic leader to tell them what to think, and gin up some will to act decisively. Its also notable that heading into presidential elections none of the candidates are that person. Obama is out there trying to be and its not working. These people even if most would be unwilling to say it actually want the current political system gone.

    There does need to be a leader though. A friend of mine lives next to a Cleveland Federal Reserve employee, who went down to the street to see what the Occupy Cleveland folks wanted. What he tells us is that he told them look, I am one of these guys, I will be getting on airplanes and talking to Congressmen, Senators, Federal Reserve Board members, some European and World Banks reps and others all next month. What would you like me to tell them?

    They protesters were not able to come up with an answer. The group could not come up with a single actionable statement. He was not looking for anything real specific, he just wanted something a little clearer than "JOBS!"

    --
    Repeal the 17th Amendment TODAY! Also Please Read http://www.gnu.org/philosophy/right-to-read.html
  46. 'Revolution' by Necron69 · · Score: 2

    Personally, I find a lot of the 'revolutionary' talk by the Occupy Wall Street folks disturbing.

    While I am sympathetic to some of their concerns, by no means do I share all of them. For that matter, they need to get a handle on what their concerns are. It seems like they are quickly becoming a magnet for all sorts of far left fringe groups. In that way, perhaps, it is somewhat like a polar opposite of the Tea Party movement.

    Regardless, we have a system for changing things in this country and it starts with voting. If these people think they are going to stir things up and start some sort of Great Socialist Revolution, they are going to find out damn quick that they are NOT supported by 99% of the population.

    - Necron69

  47. Remove banks ability to create credit. by Colin+Smith · · Score: 2

    Require full reserve (as opposed to fractional reserve) banking. It would remove the pyramid.

    --
    Deleted
  48. Re:Sick of it... by artor3 · · Score: 2

    It is class warfare. The rich have been at war with the rest, and kicking our asses, for the past thirty years. They have taken damn near everything we ever had. It's high time we fight back.

  49. Re:Voters still in control ... by Wyatt+Earp · · Score: 2

    One person can make a difference politically.

    http://en.wikipedia.org/wiki/Leon_Frank_Czolgosz

    The replacement of McKinley by Roosevelt lead to many of the anti-monopoly and customer protection systems in place in the US.

    http://en.wikipedia.org/wiki/Huey_Long#Assassination
    This eliminated a strong opponent of FDR for the '36 election

    http://en.wikipedia.org/wiki/Arthur_Bremer
    His attempt ended Wallace's run for the Democratic nomination in '72 and turned him away from his segregationist positions and to a politician who respected and appointed minorities.

  50. From a hippie to the hipsters... by eepok · · Score: 3, Interesting

    Disclaimer: I'm a social liberal. Hippie, even. My passion is education and my occupation is sustainable transportation. I can't wait for gay marriage to be legal everywhere, I happily pay my taxes to redistribute wealth (I live within my means) and pay for socialized services, dream of the day of fiscally sustainable socialized medicine, and believe that all tax loop holes should be closed (in a perfect world, etc.). I like to donate my time to help other people. I'm a humanist preference utilitarian.

    Statement: I think a good deal of the Occupy protesters are as bad as the Tea Party-ers. Few understand the implications of their assertions and demands. Few understand the futility of sit-ins, hunger strikes, and walk-abouts. They have no singular cause... no three points of demands and a plan to achieve them. Instead, they're so very grass-roots, that it's attracted a bunch of people who just feel like they need to yell at someone who's listening.

    But no one's listening.

    They're angry, they're let down, their parents' generation milked American credit for all it was worth and now they've been told go to fix it. Instead of creating meaningful action and initiative, they're chanting.

    Further disclaimer: I marched against the war in Iraq with millions upon millions world-wide. The effect? America still invaded Iraq.

    Statement: People have forgotten that the only way for protests to work is for the protestors to be pitiable. What are the memorable photographs of the 1960s? Here's a hint: they didn't involve hyperbolic signs or masked faces. They are of dead people-- having been shot unjustly by the national guard. They are of those being sprayed with fire-hoses and being attacked by police dogs. These protesters aren't allowing themselves to be pitied. They seem too well off for the middle class to care.

    1. Re:From a hippie to the hipsters... by mcguiver · · Score: 2

      I wasn't going to reply to you, but you used a magic phrase with me...wealth redistribution. I pay my taxes like you, but I am tired of it. I agree with the principle of wealth redistribution. I wish that everyone could have their basic needs met. If I made sufficient to help others I gladly would...if I knew that they were working hard and doing their best. Where I get tired is when there are many people who are just living off the system and do nothing to contribute to society. I think janitors should be able to hold their head high with the doctors since they are both engaged in honest employment. I understand that there are people who, for whatever reason, are limited. But I believe that there is something that everyone can do.

      I get tired of people who are unemployed because they think that available jobs are beneath their dignity. There is no shame in honest work.

      Sorry to go off topic on your post, but I think that there are many jobs available for these protesters. Heck, there are people flooding across the boarder to get them. Let's put our own people to work in the fields and tax the rich to help make-up what the poor can't earn.

  51. Re:What the hell are they for or against? by Bowling+Moses · · Score: 2

    Well here's what I found in a quick web search:
    1. Pass HR 1489 (reinstates much of Glass-Steagall)
    2. Use Congressional authority to investigate and prosecute criminal actions on Wall Street
    3. Congress pass legislation to protect democracy by reversing the Citizen's United decision (although personally it looks like it would take either a constitutional amendment or the Supreme Court overruling themselves to correct this blot on the nation)
    4. Congress pass the Buffett rule so that the rich and corporations pay their fair share, close corporate tax loopholes, ban hiding money offshore
    5. Congress revamp the Securities and Exchange Commission
    6. Limiting role of lobbyists
    7. Disallow the revolving door of regulators working for the industries they regulate
    8. Eliminate corporate "personhood"
    That's paraphrased from occupywallst.org

    But if you were to search around a bit longer you'd find other, related things, like auditing the Federal Reserve, reinstating a stock transfer tax like we had from 1914-1966, instituting regulations on the derivatives market, breaking up or nationalizing the "too big to fail" banks, push for a jobs bill (either President Obama's or something else), and you'll also find some un- or slightly-related stuff too, like ending "institutionalized racism, sexism, homophobia, and hostility to immigrants" which was one thing I found.

  52. Re-introduce the Glass-Steagall Act by Cheech+Wizard · · Score: 2

    If I had mod points right now I'd give you all I could. Nail precisely hit on head.

  53. Re:perspective by sjames · · Score: 2

    I see, so you figure the unemployment figures are just because everyone (except for you) is worthless? You figure it never makes sense to demand favorable terms for employment? That plan has been given several decades to work and all it got anyone was declining real income, declining loyalty to employees, and rising unemployment. It is not sane to try some more and expect any different outcome. We'd like to fix things BEFORE we end up as bad off as that poor sod you believe to be the only one with a right to complain.

    "Nobody said life is fair", the battle cry of the people who come out for the better because of the unfairness. Occasionally parroted mindlessly by people with a bad case of Stockholm syndrome.

    It's society's job to provide the opportunity.

    And the protesters are pointing out that the provided opportunities are no longer good enough to count as a substantially fulfilled obligation. If you owe $1000 and you hand over $900 and buy some food, we can understand. If you owe $1000 and hand over a penny and buy a new jet ski, we will not. The latter is what the 1% have been doing.

  54. Mod parent up by davide+marney · · Score: 5, Insightful

    Very solid advice. I'd add a few more:

    - If you get married, learn to live on one income.

    - If you do have a second income, use it to pay down debt as aggressively as you can, then to save up for big-ticket items such as a down-payment on a house, a used car, retirement, etc.

    - If you plan to have children, don't count on a second income until the youngest is of school age. It's a full-time job to care for very young children. It makes sense to maintain business contacts, go to professional events, and do short contract work to keep your resume current, just don't count on the income. Take care of the kids first, then ease back into work -- and apply that extra income to getting debt-free.

    - Don't spend a lot of money on "premiere" vacations while kids are very young. They won't remember any of it when they get older, and it's incredibly stressful on the whole family. Take the kids to the great outdoors instead. National and state parks are amazingly good vacations, and cheap, too.

    - Invest early. It takes decades to build up a nest egg. The goal is to have a big enough nest egg so you can live 2/3 off the interest income when you retire, the other 1/3 from retirement insurance plans such as Social Security.

    --
    "We receive as friendly that which agrees with, we resist with dislike that which opposes us" - Faraday
  55. Re:Left's version of the Tea Party by Altus · · Score: 2

    How exactly is that unlike the tea party?

    --

    "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

  56. Yep, Glass-Steagall please by Radical+Moderate · · Score: 2

    It's a good start

    --
    Never let a lack of data get in the way of a good rant.
  57. Re: by davide+marney · · Score: 3, Interesting

    Very interesting. As a poll worker, however, I am amazed that people feel they have to sleep in the streets to effect change. The number of people who vote in local elections is just a tiny fraction of those who vote in the big national elections. But it's in the local elections where the slate is chosen -- who gets on the big ballot, and who does not. If just 5% more people turned out to vote, we'd have radically different politicians to choose from.

    --
    "We receive as friendly that which agrees with, we resist with dislike that which opposes us" - Faraday
  58. These Protesters are Targetting the Right People by grumpygrodyguy · · Score: 2

    Wall St. is strangling the economy. Not the president, not congress, not even the lobbyists.

    Outsourcing, H1Bs, downsizing, hostile takeovers, monopolies, mergers, automation, corruption, bribes, slave labor...you name it...it's all in the name of putting profits before human beings without exception. We used to have decent protections against these things, but since Reagan they have been systematically dismantled by both parties.

    Shareholders & Boards of Directors are paying Lobbyists, and Lobbyists own Congress. If you believe otherwise...you are simply wrong.

    Corporations are Sociopaths with shareholders profitting from the blood and suffering of those who get trampled in the process.

    --
    The government has a defect: it's potentially democratic. Corporations have no defect: they're pure tyrannies. -Chomsky
  59. Man, and I thought I was cynical before... by Medievalist · · Score: 2

    "Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires." --John Steinbeck

  60. Re:Sick of it... by bar-agent · · Score: 2

    I've heard this schtick about "job creators" before, referring to the rich as people who "produce things and improve society" as you put it. It is bullshit.

    Larry Ellison and Charles Koch are not out in their garages building things. They are not personally hiring 20,000 people. Corporations are doing these things. Corporations are the job creators and thing producers.

    The rich are just people like any other. Except that they have more money, which they often invest into companies in order to sustain their personal fortune. But that makes them merely investors. Their ranks are easily replaceable by a middle class that can afford to do the same and whose smaller but far more numerous investments would make up for the few-but-large investments of the rich.

    Investments help companies create jobs and produce goods, so long as those companies are sensibly run, but you do not have to be rich to invest. So there is no reason for the rich to get special income tax breaks. All this talk of "stimulating the economy" through high-bracket tax breaks is based on trickle-down economics. And trickle-down economics is a superstition which has proven to be bunk.

    --
    i'd hit it so hard, if you pulled me out you'd be the king of britain [bash.org]
  61. Downhill spiral with a bunch of children by yoursurrogategod · · Score: 2

    Morons. Goddamn morons.

    They're not pissed about some faceless banker doing something stupid and having the government bail him out.
    * They're pissed because after years of studying they have tons of debt piled on with a nearly-meaningless degree to show for it. And yes Jimmy, there are too many Psych, Media Relations, etc. majors out there earned from over-priced colleges that don't do much other than pile on debt on young people while deluding them with moronic theories rather than give them skills to better survive and prosper in the new world (Ivory Towers of leftists academics are so much different from what you would expect from your boss in a real job).
    * They're pissed about the fact that they see their corporate and government entitlements vanish after electing the crooks to power that outsourced this country's industrial base to Mexico, China, etc.
          Oh, did I mention that NAFTA flooded the Mexican market with cheap grain/corn thereby forcing millions of Mexicans head north and depress the price of labor? I didn't?
    * They're pissed about something different and are simply hogging the media coverage.
    * They have nothing to do.

    Now, if you really want to do something, do the following (yes, you'll have to call your Congress rep and yell at them, loudly and often).
    * Put a cap on how much a college can charge for tuition (with and without
    * Bring back the post-Depression banking laws that *clearly* separated investment banking from personal banking. Anyone remember these?
    * Kill NAFTA, CAFTA and other absurdities. Because lets face, free trade isn't exactly some sort of universal leveling trade-barriers. It's a backhanded form of protectionism and economic imperialism.
    * Kill farm subsidies.
    * Reform the tax code to increase taxes on those that make more. Jimmy, did you know that during the 50's we've had taxes over 50% and we were less socialist than we are now? No? Well Jimmy, you're a retard, for not paying attention in history class, just like millions of your red-blooded American country men. Getting behind Obama/Perry/Pelosi/Bachmann/other moron and waving the American flag doesn't make you a patriot, it makes you and ideologue.
    * Reform the tax code to promote industrial growth and industrial exports. Mercantilism, people did it because it *gasp* worked.
    * Develop a national vision of where you want to be in 20 years, no, not 20 seconds, but actual years.
    * Scale back military involvement around the globe.
    * Develop fuels that you can easily, cheaply and frequently replenish.

    But in all honesty, I wasn't born in America. The politics is interesting, if quite often bordering on insanity. Good luck in the next 89 years!

  62. Where's your $50,000? by jrifkin · · Score: 3, Interesting
    Here's something that just came from Alan Grayson. It seems relevent.

    The Government Accountability Office (GAO) says that our Government has handed out $16 trillion to the banks.

    Let me repeat that, in case you didn’t hear me the first time. The GAO says that our Government HAS HANDED OUT $16 TRILLION TO THE BANKS.

    That little gem appears on Page 131 of GAO Report No. GAO-11-696. A report issued two months ago. A report that somehow seems to have eluded the attention of virtually every network, every major newspaper, and every news show.

    How much is $16 trillion? That is an amount equal to more than $50,000 for every man, woman and child in America. That’s more than every penny that every American earns in a year. That’s an amount equal to almost a third of our national net worth -- the value of every home, car, personal belonging, business, bank account, stock, bond, piece of land, book, tree, chandelier, and everything else anyone owns in America. That’s an amount greater than our entire national debt, accumulated over the course of two centuries.

    A $16 trillion stack of dollar bills would reach all the way to the Moon. And back. Twice.

    That’s enough to pay for Saturday mail delivery. For the next 5,000 years.

    All of that money went from you and me to the banks. And we got nothing. Not even a toaster.

    I have been patiently waiting to see whether this disclosure would provoke some kind of reaction. Answer: nope. Everyone seems much more interested in discussing whether or not they like the cut of Perry’s jib.

    Whatever a jib may be.

    In the next few weeks, I’m going to be writing more about this. But right now, I wanted to keep this really simple. Just give folks something to talk about when they’re standing next to the coffee maker.

    The Government gave $16 trillion to the banks. And nobody else is talking about it.

    Think about it. Think about what that means.

    1. Re:Where's your $50,000? by guusbosman · · Score: 2

      Let's look at what page 131 of the GAO report says about Table 8 (http://www.gao.gov/new.items/d11696.pdf).

      First of all, these are loans, not bailouts.

      Second, for at least half of the amount (the PDFC loans), the number is highly inflated: "For example, an overnight PDCF loan of $10 billion that was renewed daily at the same level for 30 business days would result in an aggregate amount borrowed of $300 billion although the institution, in effect, borrowed only $10 billion over 30 days."

  63. Wrong question by overshoot · · Score: 2

    Give me one reason why we should NOT hold corporations accountable for their actions.

    Give me one mechanism whereby we can hold them responsible, and you may be on the way to answers.

    --
    Lacking <sarcasm> tags, /. substitutes moderation as "Troll."
  64. What alarms me by koan · · Score: 2

    Is the poor treatment the protesters have given to local businesses and the police....yes I said the police, imagine your job is to patrol a protest that you may even agree with, so that no one gets hurt and nothing gets damaged, just to listen to people scream at you, cuss at you, and even throw things at you.

    It's absurd, do the protesters really think the business owner and the police aren't having exactly the same financial issues and fears as everyone else?

    I know the police have gotten up to bad things, I am not naive about that, I do feel if you have a message and you want people to care and listen, then say it in a respectful fashion, even when you yourself have not been treated that way.

    If you need any more information on this idea read about a guy named Gandhi.

    --
    "If any question why we died, Tell them because our fathers lied."
  65. Not just we, but you too, are the 99%. by MxTxL · · Score: 5, Insightful

    I've been around here long enough to know that top posting unrelated to the prior comment is bad etiquette, but again, I've been around here long enough to know when it is appropriate. I also know the magic formula for getting modded up is to say "I'll probably get modded down for this but.."

    I'll probably get modded down for this but it is important enough to risk it.

    The Occupy Wall Street movement does not have any leaders or stated goals or structure on purpose. This is an action deliberately taken in order to have broad populist appeal. The same instant they take a side on any issue, the established political system will immediately use that as a wedge issue to label, then divide and conquer the scraps of popular sentiment and kill any interest. Once a leader is selected, they will find one thing that guy/gal has said publicly, label him as a partisan for it and kill the movement. The parties have been doing this for years and have more experience, skill and money to deflate populist action than can be competed against. The only way to win that game is not to play.

    The movement does have a goal and that is to take back our democracy. Get people talking about the issues again without having predetermined party lines or agendas. Once those lines are drawn, almost everyone stops listening or thinking and just go like lemmings how they have always done. The only thing this movement wants is an equal shake at a fair government. They want their representatives to actually represent them instead of representing the highest bidder: usually the rich and the corporations.

    The purpose here is not to take any specific issue to congress, it's to overturn congress with people who actually listen to their electorate. If that means voting incumbents out, great, or at least put the fear of the people back into them, good too.

    What is their stand on abortion? None. But once we have fair representation, we can talk about it democratically.

    What is their stand on gay rights? The environment? Housing? Taxation? Big Government? None. But once we have fair representation, we can talk about it democratically.

    What is their stand on any issue? TBD but we'll talk about it democratically once we have fair representation.

    You don't have to agree with this movement on any specific issue and you don't have to hold off on support because they don't have talking points or take stands on your personal hot-button issue. For now it's enough to say that all the issues are TBD until such time as we have fair representation and can figure it all out democratically.

    There is a sentiment of discontent in everyone I talk to. Everyone knows the system is broken but nobody has the power to change that. Voting is supposed to solve these problems but voting either way is a vote for the same thing.

    Slashdot is typically an open minded place, I think this movement should speak to each of you. The only thing they want is more democracy. I don't blame anyone for thinking there is a hidden agenda, because there almost always is. But this movement has reached enough of a mass with the cause of having no purpose that it would be hard to argue that there is one. When the only underlying cause visible in their message is "More democracy!", I don't see how anyone can be against that. Want to change something about that platform, get out there and discuss it democratically instead of sniping at it from the comfort of slashdot.

    This is a movement that is outside of and has rejected the established political system. And it's the only one I've seen in my lifetime that has rejected playing the two-party game. I am very excited that it has even gained some traction and has people talking!!! To me it is a moral imperative that we support this. Even if all it means is getting some people you know to talk out the issue.... even that alone is progress.

  66. And it's not the liberal Tea Party!!! by MxTxL · · Score: 4, Insightful

    And one more thing: It's not the liberal version of the Tea Party. Both sides would **LOVE** for that to be the big soundbyte for precisely the same reason: Divide and conquer. The right will discredit it to their base as more liberal whack jobs and the left will attempt to co-opt whoever remains with the movement. It's important to reject that notion outright. The movement has NO POLITICAL STAND. The only way to win the game is not to play.

  67. Re:The whole concept of 1%/wealth is ... irrelevan by JustSomeProgrammer · · Score: 4, Interesting

    I agree with you completely.

    I'm 32 years old. I'm probably a bit below that 10% personally but growing up I lived in a household of 6 where the total assets were probably closer to 8k. We got by. Now when college came I chose one that I knew I could afford and had some luck finding a decent job (after a year of unemployment). Now I make an income that is greater than my entire family put together due to that good luck and I am getting better. I was careful and recovered from bad debt management (and that year of unemployment). I consider myself AMAZINGLY lucky as I have moved from below poverty to probably between middle and upper middle class. It was alot of work, skill, and luck. But I'm here.

    These people are mostly younger than me college age students. They are carrying iPads and drinking Starbucks. At their age I actually wouldn't have dreamed of paying $5 for a beverage. Hell I didn't even pay that much for alcohol for getting drunk during college (quarter drafts were the best invention I have ever experienced). I have trouble identifying with them as it doesn't seem like they want to go through the struggle I did. I don't know where they want money from. I also don't know why they feel they deserve to be more prosperous than they are without struggling for it.

    You can't find a job straight out of college? I had to relocate pretty damn far from home after a year of searching to find a job in a field that had a high hiring rate. Did you pick a good career path?

    You can't afford to buy a home or rent your own place right out of college? Maybe you shouldn't be trying to do that in one of the most expensive housing markets in the country.

    If they put out a message that spoke about a specific issue or a set of issues like corporations being too involved with the government I could get behind that. But right now it feels like they are whining about sour grapes. Yes the division of wealth in this country sucks and it isn't getting better, but instead of whining about it and hoping someone fixes it for you or the problem magically goes away come up with real ideas about how to fix it or try to protest about specific causes. Heck it doesn't have to be one, but a little more focus would make them sound a lot less whiny.

  68. It's the beginning of the end. by lexsird · · Score: 3, Interesting

    Pure capitalism, just like pure communism is full of fail, and we are about to see the reason why. But not before we do a hell of a lot of damage with it, it will go down swinging in one of the bloodiest civil wars in the history of the Earth. It's far better that it happens than the alternative; we swing full into fascism and start paying our bills through outright global domination.

    If you compare and contrast the history of the rise of Nazi Germany with our current events, especially how far our Rightwing has gone to the right, you will be startled, amazed and frightened. Few really do understand the terminology of fascism and it's history. It's tailored like a glove to our times though. I have often wondered how the good people of Pre-Nazi Germany could have been duped into becoming the evil empire that they became. Now I have seen with my own eyes, and heard with my own ears the effects of carefully cultivated propaganda.

    Where we have failed: Our democracy has been hijacked by corporate interests. We have allowed bribery to not only become legalized, but its an art form. You can't have representative government if the moneyed few can influence the politicians. Our current economic situation is due to our trade policies. "Free Trade" is the biggest lie to be imposed upon the American people in our entire history. "Free Trade" is an oxymoron, business is war, and trade is the mother of all wars. Our founding fathers understood this, and that is why they limited the federal government to collecting funds only through trade tariffs. They understood the need to protect the ecology of the nation's economy.

    What we have now are trade policies that are dictated by multinational corporations that call this rape "globalization". It means they can have goods manufactured in countries that pay only pennies for labor, then come flood our markets with these products. This kills kills our industry. It kills our job market. New ideas and innovations can't draw upon our work force, they have been cut out of the loop, and those in power have the markets sewn up. These corporations in power, not only stack the deck in their favor with bought and paid for politicians writing them laws, they also fix the markets for themselves, and get huge stacks of "welfare" from our tax payers.

    The first step to correct this is to get control of our politicians back into the hands of the people, and out of the hands of the mega rich and the multinational corporations. This involves campaign finance reform, but that hasn't happened, in fact its went the other direction. It's now even easier to buy politicians with the changes to PACs.

    The second step is to correct all of the crooked trade policies and laws that stack the deck in favor of specific corporations and industries, allowing them effective monopolies.

    But this isn't going to happen. Those in power have seen this coming for a long time. They have been buying both political parties for decades now. They have been systematically disarming the public as well. They have been building the worlds biggest prison industry, and police state. They own the laws, the politicians, and the law enforcement. They have now the ability to use the military on our civilian population if we decide to have armed revolution. They also control the media, which has proven to be an effective propaganda tool.

    The media has done a great job of indoctrinating Americans into believing this corrupt system is "the American way" and to fight to the death to defend it from "liberals, commies, socialists, etc" We have proven how well they control us when they can send our children off to wars that have lasted longer than WW2, and for reasons that are not clearly explainable, we just "have to trust them". We are fighting a "war on terror". This is such a lie. One can't fight a war on an "emotion." It's nonsensical double speak, set to confuse and befuddle the undereducated masses.

    The Tea Party was a contrived movement, started by billionaires in an attempt to guide the obvious

    --
    Take the Red Pill.
  69. Re:To me, the one side means the most by BitZtream · · Score: 4, Interesting

    To summarize, bullshit.

    The lender is responsible for ensure they borrower is capable of paying back the loan, especially when they are lending someone elses money, especially MINE.

    Yes, the borrower is responsible for paying back the loan, and when an otherwise good borrower suddenly fucks up and doesn't pay back a loan for whatever reason, you understand that is part of the risk of lending.

    However, when the bank makes loans like they did for my wife. $180k loan to a woman in college (3rd year vet student at the time) with absolutely no job and no time for one anytime in the next 2 years, then its is entirely justified to blame them when it goes South. The bank was fucking utterly retarded to loan my wife the money. Her only 'income' was student loans, which ... they fucking counted as income.

    Fortunately for them, we actually do have the money to pay for it.

    The point however is that there are times when its just part of the lending business, and then there is what has been going on over the last decade where bankers were giving money to anyone anywhere regardless of if they actually qualified for it or not ...

    Theres absolutely no way you can claim its not the banks fault when they were giving loans to people who claimed other loans as 'income'.

    Few people are blaming the banks because the banks legitimately took someones house who hadn't been paying for it, and those people are just nutjobs. What people ARE bitching about is the fact that the banks are foreclosing on homes they don't even fucking have loans for, and GETTING THE DAMN HOMES. They're foreclosing on homes with no paperwork showing they even loaned any money or bought a loan from someone else. They are calling up offering MUCH better financing now and asking existing customers to refinance because they don't have anything to PROVE they actually own the lean on the home!

    No one feels sorry for the guy who lost his half million dollar house because he couldn't pay for it working at McDonalds. We are pissed off because the fucking bank GAME HIM A HALF MILLION DOLLARS WHILE WORKING AT MCDONALDS. We're pissed off because all the assholes that caused this shit are still rich as fuck and the government gives them money so they don't get hurt any more, while those of us who didn't fuck up are paying for it. I don't mind helping out when I'm helping someone worse off than me, but here its the poor and middle class bailing out the rich because THEY FUCKED UP.

    Don't try to shift the blame. I any many other people did our part and paid our bills, and we'll be glade to help out the guy who can't feed himself, but forcing me to bail out the fuckwads who have 4 or 5 extra digits on their bank accounts than me ... when they fucked up and are still currently raping others like me?

    We are responsible for our position in life, and what you're seeing in these protests is people who are getting more and more tired of being fucked over even though they've done everything they were supposed to, because the rich guy in the office on the top floor, Southwest corner, who will make more in the next 15 seconds than most of us will in the next 3 years, pays off the right politician.

    They are becoming more responsible for their direct position in life, hopefully the guy in the building and the politicians will start listening, in the last year, several countries have fallen for smaller reasons.

    You can keep blaming the little guy, but he's getting a lot closer to just whipping your ass rather than bitching.

    --
    Persistent Volume manager for Kubernetes - https://github.com/dwimsey/openshift-pvmanager
  70. A Plan to Remove Money from Politics by sincomida · · Score: 2

    This is a proposal for amendments to the US Constitution in a draft, outline format.There are three basic elements. Silence group influence. Generate the platform and agenda from the populace. Make running for any office ostensibly free, and then select the upper tier for closed competition. I come hopefully from logic and reason, rather than emotion, ideology, or other loyalty.
    Proposal:
    28. Corporations are not Persons
    28.1. Groups, corporations, PACâ(TM)s, unions, political parties, religions, ethnic communities, etc., are not individuals for the purpose of freedom of speech and do not hold first amendment rights, or any rights as individuals. Single persons are individuals. Like minded people are allowed to agree with each other, disagree with others, and vote how they like. Groups may exist or form and may take positions on issues, but have no right to advocate outside of their own forum by paying for any kind of communication, such as paid advertising in any form that is propagated by a group.
    28.2. Elected officials may meet with individuals in groups (no private meetings except with staff), not organized groups, though they may meet with disorganized groups i.e. open sessions, both in their hearing rooms and in their home districts (they represent their people, not others). Closed sessions are not allowed for any purpose where other than legislative officials exist, except in the very narrow interest of national security, for an extremely limited number of items.
    28.3. Lobbying, by an organized group or causing an individual to lobby for a group, of elected officials, their staff, or non elected officials (bureaucrats) by any group is a felony and all officials, officers, and directors said groups are to be held liable. Individuals may lobby, but may not give gifts or restaurant meals or anything other of significant economic value or any kind of influence. Groups may express their sentiments, but references by an individual to a group constitutes hearsay, and is not allowed.
    29. Elections
    29.1. Eliminate the electoral college and then fully fund election advertising by requiring broadcasters, newspapers, magazines, etc. to put aside bandwidth or other space or accommodation to allow any and all candidates to communicate with their electorate with equal time and space allotted to every candidate.(see 29.9) Paid political advertising of any kind is not allowed. The government shall run appropriate web services (on secure (two factor authentication), encrypted, audit able Elections Information Server(s) (with multiple redundancy and 3rd party plus off site backup with no expiration date for either audit or historical purposes) with one domain for all election information), organized by election year, making space available to all candidates (Fed, State, County, Municipal) including, but not limited to forums, email, newsgroups, wikiâ(TM)s, podcasts of all media, video, audio, print media, commentary, allotted advertisements, town halls, interviews, debates. No personalized user information shared short of an adversarial probable cause hearing. Media shall be free to cover the various stages though equal time is in force, and since they may not accept any paid political advertising, may freely endorse. Candidates may use other free communication options such as social media or newer technologies. All broadcast options must be opt-in. Yard-signs, bumper stickers, buttons etc. may be personally made by individuals using download-able graphics.
    29.2. Data shall be divided between open public domain, and private. Private is anything that might disclose any personal information, location (other than voting district), or any other way to identify an individual and must be absolutely person identifiable. Public facing information and data analysis shall be open source and public domain. Data analysis shall include an algorithm for ranking overall sentiment toward issues, agendas, and/or candidates, and forecast results for accumulated agendas (all 535 congressional agenda

  71. At least they're doing something by kaffiene · · Score: 2

    The biggest thing that strikes me about this whole situation is that everyone is angry but they're the only ones actually doing something about it. Seeing also-angry bystanders criticise the protesters because they're (a) hairy (b) drum-playing (c) other ad-hominem issue is sad, pathetic and unfortunately not at all unusual.

    Yes, their aims are many, but the issues are many and one doesn't have to have a pithy easily-digested campaign slogan to express dissatisfaction with the status quo.

    So many people on /. bitch and moan about the government and corruption but most of you wouldn't get off your ass for a second to stand up for your beliefs. I sure as hell have a lot more respect for those people being actually counted on Wall St (and the satellite protests) than I do for those on /. who throw virtual stones from the cover of Internet anonymity.