Wednesday, October 19, 2011

Demand the End of Wall Street

“There is no reforming Wall Street, only its dismantling and simultaneous replacement by public institutions for allocating capital for human needs and development.”
Glen Ford, Black Agenda Report

As usual, Glen gets to the heart of the matter. The question of what Occupy Wall Street should demand is more complicated than most people are willing to acknowledge. Capitalism has been in crisis for quite some time, and the post-2008 bail outs have proven that it is a system on life support. TARP and the federal reserve have not resuscitated the patient despite giving it CPR, that is to say public money, over and over again. Glen tells us what we must do rather than what we must demand because, “. . . there is no point in demanding anything from your enemy, except that he drop dead in a hurry.”