"Occupy Wall Street" Clearly Magnifies America's Suffering
Published in Sina
(China) on 4 October 2011
by He Jing Jun (link to original)
According to Xinhua News Agency, about 800 protesters marched in downtown Los Angeles, and held an assembly in support of New York’s “Occupy Wall Street" protest on October 2. The “Occupy Wall Street” protests have been going on for two weeks and have since spread to other American cities, including Los Angeles, Boston, Chicago, Denver and Seattle.
From the beginning, the “Occupy Wall Street” protests have just been a "gimmick," as they do not even hold a candle to the political protest movement of the Yellow Jackets in Thailand. Therefore, any attempt to further decipher this movement will never be successful in comprehensively understanding “Occupy Wall Street.”
Of course, the possibility of further expansion to this movement cannot be ruled out, but it would likely further worsen its unmanageable nature. This observation is mainly about the characteristics of the movement; though it is not affiliated with any political party, there are several high-profile civil rights activists involved in the “Occupy Wall Street” movement, but not for political gain. Due to the pure nature of the movement, its activities are limited to the government and Wall Street bankers who hear its voice, with whom the activists hope to have face-to-face talks to achieve their expectations.
Just as the London riots showed the pain of those on welfare in the United Kingdom, and Israel’s "Tent Protest" showed the soaring cost of housing for young people, the United States' “Occupy Wall Street” campaign also presents an era of the United States experiencing pain.
The United States, by using financial capitalism as the transfer hub for all of society, has taken risks and brought forth innovation, and thus successfully defended the "American Dream." Wall Street suffered a blow during the U.S. financial crisis in 2008, but this did not allow the U.S. government to pass the "Reform Wall Street" bill, though it did allow large amounts of aid. Other industries, such as automobile manufacturing, had not yet received government bail-out money and could not create jobs. For the United States’ persistent high unemployment, the root lies in the high-ranking financial service industry — the disease of small industries. People are constantly losing their homes to foreclosure, indicating that this crisis is ongoing.
The latest data shows that the global economy is facing the risk of a "big stagnation." The “Occupy Wall Street” movement has sounded an alert to other countries that the United States’ pain is a trend that is likely to be felt by everyone.
From the beginning, the “Occupy Wall Street” protests have just been a "gimmick," as they do not even hold a candle to the political protest movement of the Yellow Jackets in Thailand. Therefore, any attempt to further decipher this movement will never be successful in comprehensively understanding “Occupy Wall Street.”
Of course, the possibility of further expansion to this movement cannot be ruled out, but it would likely further worsen its unmanageable nature. This observation is mainly about the characteristics of the movement; though it is not affiliated with any political party, there are several high-profile civil rights activists involved in the “Occupy Wall Street” movement, but not for political gain. Due to the pure nature of the movement, its activities are limited to the government and Wall Street bankers who hear its voice, with whom the activists hope to have face-to-face talks to achieve their expectations.
Just as the London riots showed the pain of those on welfare in the United Kingdom, and Israel’s "Tent Protest" showed the soaring cost of housing for young people, the United States' “Occupy Wall Street” campaign also presents an era of the United States experiencing pain.
The United States, by using financial capitalism as the transfer hub for all of society, has taken risks and brought forth innovation, and thus successfully defended the "American Dream." Wall Street suffered a blow during the U.S. financial crisis in 2008, but this did not allow the U.S. government to pass the "Reform Wall Street" bill, though it did allow large amounts of aid. Other industries, such as automobile manufacturing, had not yet received government bail-out money and could not create jobs. For the United States’ persistent high unemployment, the root lies in the high-ranking financial service industry — the disease of small industries. People are constantly losing their homes to foreclosure, indicating that this crisis is ongoing.
The latest data shows that the global economy is facing the risk of a "big stagnation." The “Occupy Wall Street” movement has sounded an alert to other countries that the United States’ pain is a trend that is likely to be felt by everyone.