Home > American Racket. Debt Deregulation, Bubbles, Bailouts and GoldplatedLies > The Occupy Movement, Why Are They There? Answered

The Occupy Movement, Why Are They There? Answered

I’ve just had my umpteenth conversation with someone about the global Occupy movement. And of course since the mass media focuses on the violence and what the people look like explaining what the background is doesn’t get a lot of attention. Part of it is these people are angry about the class warfare that is being waged against a large part of the population and are now trying to figure out what concrete steps need to be taken. In short it’s not a well organized group with a fully developed agenda.

So today we offer a couple of items for those looking for answers as to what this all about. The first is a post from TomDispatch.com written by Andy Kroll and he lays out how the past decade has destroyed the “American dream” for a lot of people.

America’s Lost Decade

Posted by Andy Kroll at 9:17am, October 6, 2011.

“In this lost decade, according to economist Jared Bernstein, poor families watched their income shrivel by 12%, falling from $13,538 to $11,904. Even families in the 90th percentile of earners suffered a 1% percent hit, dropping on average from $141,032 to $138,923. Only among the staggeringly wealthy was this not a lost decade: the top 1% of earners enjoyed 65% of all income growth in America for much of the decade, one hell of a run, only briefly interrupted by the financial meltdown of 2008 and now, by the look of things, back on track.

The swelling ranks of the American poor tell an even more dismal story. In September, the Census Bureau rolled out its latest snapshot of poverty in the United States, counting more than 46 million men, women, and children among this country’s poor. In other words, 15.1% of all Americans are now living in officially defined poverty, the most since 1993. (Last year, the poverty line for a family of four was set at $22,113; for a single working-age person, $11,334.) Unlike in the lost decade, the poverty rate decreased for much of the 1990s, and in 2000 was at about 11%.”

To read this entire post click he

In this video an occupier in New York explains it nicely in a little more than a minute.


Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: