Forum Post: Wanna take down Wall Street? Easy. Don't invest in Wall Street.
Posted 13 years ago on Oct. 10, 2011, 10:30 a.m. EST by rarfle
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OWS should issue a nationwide call to action. Every pissed-off person in America: pull whatever money you have "invested" out of the the national casino tomorrow. Divestment works. Come up with a single focused directive such as this, and trust me, the 1% and their minions will stop snickering. Zizek is absolutely right: "Don't fall in love with yourselves. Carnivals come cheap." Hit 'em where it hurts. [Moreover, as long as the game is rigged, as long as Congress fails to enact meaningful regulatory reform, the stock market is a very bad place to put your money (if you have any).]
and THAT is going to be difficult to do... fact is, when the banksters own your gov't, you will be availed of fewer and fewer options to avoid them if you want any investment growth opportunities. Putting soon to be worthless dollars in your mattress isn't going to save you...
agreed, but
similar to Howard Schultz's (Starbucks) "Upward Spiral" call to corporate leaders to not make ANY campaign contributions, game theory says any boycott needs close to 100% participation to be effective. In the Upward Spiral case, if it's only 50% participation it opens the door to the 50% who do not participate to make it easier and cheaper to buy their politicians.
If only 50% of people pull their money out of stocks, it just makes the 50% who do still own shares that much more powerful.
sort of the reverse of your suggestion, I've always wondered when people protest the huge profits of oil companies as being "unfair" why they simply don't buy shares of oil companies?