Occupy Wall Street – The beginning of a new era?

Why is Washington cheering on Middle Eastern people rising against injustices but when it comes to Americans demanding change the tone is different?  The double standards are so obvious  Foreign Policy Magazine compared how protesters are handled in Cairo and New York by drawing a parallel between Hosni Mubarak and Michael Bloomberg in the article Hosni Bloomberg?. To look at the world’s opinion of the movement devote 5 minutes to watching “Occupy Wall Street through the eyes of the world”:

According to Occupy Wall Street’s official web site the revolution continues world-wide. Considering that protests have taken place in 100 US  and 1,500 cities around the world maybe it’s time to question if people are fed up with the way the global economy works? Or as the movement put it “the richest 1% of people are writing the rules of an unfair global economy that is foreclosing on our future”.  And they have a point. Twenty million jobs have been lost world-wide since Lehman Brothers collapsed and some experts believe another 20 million will be lost in the next couple of years.

My last post “Do banks rule the world?” actually had a huge respons on social media from people all over the world more than 24 years old who also want change. So it’s not just the young that are fed up, so are other parts of the 99%.

What’s it like to be young today knowing that chances of finding a job is slim compared to when we were young? Is it really realistic to expect the young to be content with the current state of affairs? Is the Occupy Wall Street movement a sure sign that people have had enough and the time has come to change? Will the movement mark the beginning of a new era of thinking? Sooner or later politicians world wide have to listen to the young generation in order to get elected. Will the future look different thanks to Occupy Wall Street? Or is the movement just a fad that will have no impact on how the world is run?

Video: RTAmerica — You Tube

31 thoughts on “Occupy Wall Street – The beginning of a new era?

  1. Is there any specific reason why you are not considering the third alternative which is the beginning of a revolution? Revolutions have always been started by small groups with a strong credo in which they believe. There has never been a more propitious moment in the developed countries for a revolution than now as the middle class disappears and the GINI coefficient becomes wider and wider. I am not proning a revolution – I just believe that more belt tightening can only increase the level of 'enough is enough' feelings and who knows where that may lead.

    1. That's what it is taking place Michael. A revolution in thought, philosophy. A non violent one. It's just a question of how long it takes. There may be back lashes, but it's happening.

  2. I see the "Occupy Wall St / London / etc." movements as very much a protest movement. For some years now we've seen people talking about the changing nature of employment/work driven by a whole raft of socio-economic factors, as well as technology (the "Did you know" slide presentation/s are a good example).

    What is being so vividly demonstrated is this changing nature of work – we'll be working longer, in more diverse roles and will need to be increasingly flexible to take account of the growing speed of change.

    Furthermore, and specifically where Gen Y is concerned, we're seeing a generation less inclined to be employees and more inclined to be entrepreneurs (or, if you like, independent contractors).

    The basic fact is that the economic models of the 1950s just can't apply any longer and governments cannot continue to spend as they did, given that their income will not cover it – much being due to the changes in population demographics. As with individuals and companies, governments need to balance their books. It will be a hard and painful transition, but it's necessary if our children and grandchildren are not going to be paying for what we receive today…

  3. Hi Catarina,

    I do wonder where these protests will finish up and if any have thought of the steps to take to get action and the results they want. Do you know who are the leaders of the movement? Guy mentioned that Gen Y are less inclined to be employees but is that because they are supported by their parents.

    1. Catch is they don't say what actions they would like apart from not having 1% of the population make money at the expense of the other 99%. If you click on their official web site you will find some names. From what I understand it's university students. Some less educated, as well as older people with good jobs actually, have joined in.

  4. Sadly there are more and more protests in the UK. The recent riots were shocking and something I had never witnessed.

    The recent changes in university prices going up are causing major problems too.

    I understand why some people feel the need to protest, but I just don't get why it has to lead to violence and destruction.

  5. I do not know yet if the OWS movement will change the world but it has changed the debate. For the first time in forever we are now talking about the inequality in our societies, who caused it to grow, and most importantly what can we do to fix things.

  6. It feels Great to witness the world actualy awakening .Gandhi pointed this More than 70 years ago.Its high time we must actualy implement His principles and thoughts.
    Organisations & Nations must Now get peole Oriented.centre around social benefits
    and not only profits.
    Rajendra Deshpande.
    Doctoral fellow Gandhian Management
    Central university.

  7. Change is the only thing that is constant in life. WE see change everywhere. Especially in the Arab world where democracy in general does not exist, the wind of change has arrived for the better (hopefully). There have been demonstrations in many Arab countries that brought down powerful regimes, unthinkable till a year back.
    There have been protests in some countries of Europe and in US as well. There have been protests in INdia as well.
    Just mere protests (isolated) is not going to serve any purpose. Untill and unless the mass gets involved and protests take place at various locations at large level will it get noticed. There is disparity across the globe. It is well known fact that rich 10 percent control 90 percent of wealth and frame policies/ rules to favour them. This is the case not only in developing countries but developed as well.
    NOw the time has come that politicians/ people in power do "soul searching" if they are actually working for the welfare of the masses? ONly the regime that works for the welfare of the masses is going to succeed in the long run.

  8. When this first started I expected a short flurry of activity from the activists! I never realized how HUGE the movement could/would become! Certainly shows the mindset of the many!

    Thanks Catarina
    My recent post Creating a Vision Statement

  9. In the book: Who killed society? by Cleveland Amory The author tracks the changes in "Society" through several generations.

    (The 400 was based on the number of people who could legally occupy the Waldorf Astoria Ballroom. Arbitrary, true. One of the amusing aspects of American Society–that and understatement.)

    We have a tendency in our country to look at things from a myopic viewpoint. Europe can see their history from a mountain top 2,000 years high. China can see their history from a mountaintop 6,000 years high. In the US we can see our history from a mountaintop 237 years high.

    This rather contravenes what Machiavelli said to the Prince in The Prince: The Prince can see the valley better from his perspective. Those in the valley can see the the mountaintop better from their perspective.

    I don't believe we in the US can understand a mountaintop 6,000 years high. Witness the EuroCrats. They are in the midst of their own disaster but can come up with nothing to save themselves.

    Regards,

    Slim
    My recent post CHINA Hostile or Expedient?

  10. I see more people open to entrepreneurial moves and I also see a lot of young graduates who would rather join the military than go to college because they don’t think it will be worth their time.

  11. It is a good start. It is time Americans paid attention to what our political system has evolved into, what is happening to our government, and what the consequences will be if we do not pay more attention to what is happening to the American Republic. Occupy Wall Street is a clear message to our elected officials that we are not satisfied with the current government and we want a change. The next step is to show our elected officials that we mean business and this is not just going to go away. The next election must make a clear statement, out with the old in with the new.

  12. Revolutions are good. They're rare but when they happen, they can bring up really big changes. And no government has appreciated any kind of revolution against them. All they do is call those people un-patriotic. But I'm sure revolution, most of the times, is because of the patriotism and care for the country and the coming generations.
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  13. Catarina, The problem I see here is that the Occupy Wall Street movement is unfocused. There doesn't seem to be a common goal. I think the premise is wonderful and it's definitely time for the American middle class to band together but I don't see how this protest will make an impact. There needs to be leadership and more organization. I see a lot of passion here but that's not enough.
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  14. Hi Catarina,

    I agree with Jane, revolutions isa good think, but the bad thing is that the american government dont reall appreciated.
    My recent post Crazy Fat Black Friday Sale At MyOnlineGameplan

  15. Changing American Culture is like baking a cake; dependent on the ingredients you put in it. Throughout history culture clashes have help define needed change as we see with the OWS movement. In my opinion we are in a wealth re-distribution phase of our cultural evolution. What is important here is that all levels of society are in play, and are part of the final solution.
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  16. Hi Catarina,
    OCW's message is coming across loud and clear. The problem is the U.S. media refuses to share it accurately. Most likely because their sponsors are part of the 1%. The U.S. has not recovered from the recession and we are losing our middle class fast. Worse yet, the majority of our politicians (both dem. and repub.) refuse, I mean absolutely refuse, to talk about regulating health care insurance companies and banks. In addition, it seems almost every U.S. politician is in favor of letting the criminals in banking who created this disaster off. Hence, Occupy Wall Street.

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