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El otro lado de la luna

Sunday, November 13, 2011

Direct democracy in Zuccotti Park -new versions of democracy

greenberg_1-111011.jpg
”mental environmentalism,” is an antidote to the “pollution of our minds” by “infotoxins…commercial messaging and the…financial and ethical catastrophes that loom before humanity.”
“online flash mob” -this is a new way of demonstrating that labor unions and traditional political organizers know almost nothing about.
Protesters have spoken of the need to reinstate the Glass-Steagall Act that, since 1933, had separated investment and commercial banking. (Glass-Steagall was repealed in 1999 to facilitate the merger of Travelers Group and Citicorp, now Citigroup, setting off what many believe to be a decade of ruinous speculation. Some of the Glass-Steagall provisions are reflected in the Volcker Rule included in the Dodd-Frank Act.). But to argue for Glass-Steagall is to infer that the existing financial institutions are essentially acceptable, when in truth some of the Occupy Wall Street activists apparently don’t believe the current banking system should exist at all. The same is true of tax reform: a tax on Wall Street would go to politicians controlled by Wall Street.

Posted by Olga Pizarro at 10:02 AM
Labels: Adbusters, bank system, Direct democracy in Zuccotti Park, mental enviromentalism, new versions of democracy, nybr, ows, tax reform

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Olga Pizarro
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