The Way to Occupy a Bank Is to Own One

occupy la

Ellen Brown: The campaign to “move your money” has gotten a groundswell of support. Having greater impact would be to “move our money” — move our local government revenues out of Wall Street banks into our own publicly-owned banks.

Holiday Pall: Joblessness Crisis Intensifies

black unemployment

Carl Bloice: The average period of unemployment now exceeds 26 weeks, well above the previous peak in July 1983 of just 21.2 weeks. This is critical because the longer that people of any age are out of work, the less likely they are to find another job.

Confessions of a Child Janitor

newt child abuse

Tina Dupuy: Gingrich has a dark vision for a Shining City Upon a Hill: where poor children work in place of union labor. It’s basically the 20th century played in reverse.

Capitalism Is the Enemy of Democracy

occupy la arrest

David Kristjanson-Gural: Excluding people from having a say over what happens to the wealth we create is the first and the most fundamental way that any capitalist system undermines democracy. We are fundamentally disenfranchised in the places we work.

Reform vs. Revolution Within Occupy

Photo: Ted Fisher

Shamus Cooke: For Occupy to grow into a democratic revolutionary movement, the working majority of the population must join in, requiring that Occupy broadcast a message based on concrete working-class demands.

Who’s the Scrooge?

compassion

Steve Hochstadt: The calls to flatten the income tax, to eliminate welfare payments, and to repeal regulation of industry are about going back to an earlier America, where the rich and powerful could use their advantages without hindrance.

The Remarkable Political Stupidity of the Street

waive bank fees

Robert Reich: Wall Street is its own worst enemy. It should have welcomed new financial regulation as a means of restoring public trust. Instead, it’s busily shredding new regulations and making the public more distrustful than ever.

A Billionaire Comes A’Whinin’

obama cafe

Joseph Palermo: Apparently for the captains of industry and high finance it’s not enough for Obama to be a faithful servant of their narrow class interests, they also want him to bend down and kiss their rings.

Financial Crisis Prosecutions Too Hard?

wall street

Marian Wang: According to a now-departed Justice Department official who used to be in charge of investigating such matters, the Justice Department has decided that holding top Wall Street executives criminally accountable is too difficult a task.