First of all: there seems to be some kind of misconception among some people, of what capitalism actually is. There are some who believe that where there is a market economy, money and competition, then that’s automatically capitalism. That’s not true. In capitalism there is of course a market economy, but that can exist in other systems as well.
What characterizes capitalism is that there is private ownership of the means of production. That’s when you know you’re dealing with a capitalist system. If this feature is absent, if it’s not the case that some individuals privately own the means of production others are using, then it’s no longer capitalism. If it instead was a system in which, let’s say, the workers themselves controlled and managed the means of production democratically at the place where they worked, and that these institutions were operating in a market system, then that would be some kind of market socialism etc, not capitalism.
A system that allows a few individuals to have undemocratic control and power, not only at the workplace, but in society in general, is unacceptable; a system that allows some individuals to exploit and profit on other people’s misery is unacceptable; a system that allows more and more cash to be shuffled into the pockets of the owners and the wealthy, is unacceptable.
Five years after Wall Street crashed the economy, not one banker has been prosecuted for the reckless and fraudulent practices that cost millions of Americans their jobs, threw our cities and schools into crisis, and left families and communities ravaged by a foreclosure crisis and epidemic of underwater mortgages.
Record profits are back at the bailed-out banks. Meanwhile:
Homeowners and communities have lost billions to Wall Street’s foreclosure crisis;
Millions more families face foreclosure in the coming months;
The time is now for Congress and the Obama administration to make Wall Street pay us back:
Prosecute Wall Street bankers for stealing our homes, savings and livelihoods;
End the foreclosure crisis;
Reset mortgages to their current value (“principal reduction”);
Restore and rebuild wealth stolen from communities of color hardest hit.
Since the crisis began, Americans from all walks of life have banded together to help each other. Working through community organizations, civil rights groups, the Occupy movement, and community and faith leaders, we have shared our stories, lobbied, petitioned, and even faced arrest for occupying our own homes and demanding justice.
During the Wall Street Accountability Week of Action in Washington, D.C., May 18-23, families on the front line of the foreclosure crisis will travel from around the country to Washington, D.C., to make their voices heard. The week will include community organizing, home-defense training, and non-violence and civil-disobedience training.
On Monday, May 20, at 1:00pm, home defenders, as well as faith and community leaders will rally to Bring Justice to Justice – demanding an end to the “too big to jail” policy, and relief for families and communities devastated by the financial crisis and foreclosure epidemic.
When people from two different countries hate you, that means you are a public enemy. Last week, the richest man in the entire world, Carlos Slim, attempted to use a philanthropic gift to cover up the fact that his monopolistic practices have impoverished all of Latin America, with headway being made to raid the coffers of the United States with over $451.7 million taken in from subsides from the government of the United States every year.
As the world's richest people are prone to do, Skilling is getting out of jail early with a combination of cash payments and legal maneuvers.
In exchange for early release, Skilling is paying Enron's victims some $40 million in shut-up money and has generously agreed to stop suing everyone involved with his conviction and sentence in 2006.
Skilling's promised payments would equal 0.1% of the $40 billion Enron stole under Skilling's leadership. He was originally sentenced to 24 years behind bars, but his total sentence would be half of that if his lawyers get approval on this latest scheme.
Skilling's appeal went to the Supreme Court in 2010, and the justices agreed with his attorneys that the original conviction was "based in part on an invalid legal theory known as the 'theft of honest services.'”
The same judge who sentenced Skilling will rule at the next hearing, on June 21 in Houston.
Occupy Wall Street is a leaderless resistance movement with people of many colors, genders and political persuasions. The one thing we all have in common is that We Are The 99% that will no longer tolerate the greed and corruption of the 1%. We are using the revolutionary Arab Spring tactic to achieve our ends and encourage the use of nonviolence to maximize the safety of all participants.
the only solution is WorldRevolution
Click here for a list of actions, meetings, assemblies in New York.