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View Diary: Photos and Stories from the Labor March on Wall St. (246 comments)

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  •  Great diary and great photos. (6+ / 0-)

    Unless more and more americans take to street and more often, the plutocrats will continue to loot.

    Between birthers, deathers and mouth-breathers, the gop has got 'teh crazy' and 'teh stoopid' covered.

    by amk for obama on Sat May 01, 2010 at 06:30:09 AM PDT

    •  Speaking of plutocrats (11+ / 0-)

      I already posted this in Open Thread but just so I will be able to find it, the final commentary of Bill Moyers. Well his final commentary on Bill Moyers Journal.

      You've no doubt figured out my bias by now. I've hardly kept it a secret. In this regard, I take my cue from the late Edward R. Murrow, the Moses of broadcast news.

      Ed Murrow told his generation of journalists bias is okay as long as you don't try to hide it. So here, one more time, is mine: plutocracy and democracy don't mix. Plutocracy, the rule of the rich, political power controlled by the wealthy.

      Plutocracy is not an American word but it's become an American phenomenon. Back in the fall of 2005, the Wall Street giant Citigroup even coined a variation on it, plutonomy, an economic system where the privileged few make sure the rich get richer with government on their side. By the next spring, Citigroup decided the time had come to publicly "bang the drum on plutonomy."

      And bang they did, with an "equity strategy" for their investors, entitled, "Revisiting Plutonomy: The Rich Getting Richer." Here are some excerpts:

      "Asset booms, a rising profit share and favorable treatment by market-friendly governments have allowed the rich to prosper...[and] take an increasing share of income and wealth over the last 20 years..."

      "...the top 10%, particularly the top 1% of the US-- the plutonomists in our parlance-- have benefited disproportionately from the recent productivity surge in the US...[and] from globalization and the productivity boom, at the relative expense of labor."

      "...[and they] are likely to get even wealthier in the coming years. [Because] the dynamics of plutonomy are still intact."

      And so they were, before the great collapse of 2008. And so they are, today, after the fall. While millions of people have lost their jobs, their homes, and their savings, the plutonomists are doing just fine. In some cases, even better, thanks to our bailout of the big banks which meant record profits and record bonuses for Wall Street.

      Now why is this? Because over the past 30 years the plutocrats, or plutonomists - choose your poison - have used their vastly increased wealth to capture the flag and assure the government does their bidding. Remember that Citigroup reference to "market-friendly governments" on their side? It hasn't mattered which party has been in power - government has done Wall Street's bidding.

      Don't blame the lobbyists, by the way; they are simply the mules of politics, delivering the drug of choice to a political class addicted to cash - what polite circles call "campaign contributions" and Tony Soprano would call "protection."

      This marriage of money and politics has produced an America of gross inequality at the top and low social mobility at the bottom, with little but anxiety and dread in between, as middle class Americans feel the ground falling out from under their feet. According to a study from the Pew Research Center last month, nine out of ten Americans give our national economy a negative rating. Eight out of ten report difficulty finding jobs in their communities, and seven out of ten say they experienced job-related or financial problems over the past year.

      So it is that like those populists of that earlier era, millions of Americans have awakened to a sobering reality: they live in a plutocracy, where they are disposable. Then, the remedy was a popular insurgency that ignited the spark of democracy.

      Now we have come to another parting of the ways, and once again the fate and character of our country are up for grabs.

      So along with Jim Hightower and Iowa's concerned citizens, and many of you, I am biased: democracy only works when we claim it as our own.

      It is pretty sad that both "Bill Moyers Journal" and "PBS Now" ended on the same night. I'll ned to go with what Gwew Ifill said last night on "Washington Week."

      "We will no longer hear from Bill weekly but I don't think he is going anywhere. We need him now more than ever."

      •  No truer words ever spoken. (4+ / 0-)
        Recommended by:
        Eddie C, TexDem, kds9515, Loose Fur

        democracy only works when we claim it as our own.

        Bye, Mr Moyers. You'll be sorely missed.

        Between birthers, deathers and mouth-breathers, the gop has got 'teh crazy' and 'teh stoopid' covered.

        by amk for obama on Sat May 01, 2010 at 06:45:39 AM PDT

        [ Parent ]

      •  Bill hung on since 2004. (6+ / 0-)

        He decided we needed him during the dark days so he stayed with us for 6 more years. God bless him.

        I wish we could keep his around for much longer.

        The new show that will replace his does not have what Bill offered, a voice of wisdom which comes with age.

      •  I just read this (5+ / 0-)

        from Hightower, regarding populism.... seems apropos

        "What created democracy was Thomas Paine and Shays Rebellion, the suffragists and the abolitionists and on down through the populists and the labor movement, including the Wobblies. Tough, in your face people... Mother Jones, Woody Guthrie... Martin Luther King and Caesar Chavez. And now it's down to us.

        "... These are agitators. They extended democracy decade after decade. You know, sometimes we get in the midst of these fights. We think we're making no progress. But... you look back, we've made a lot of progress... The agitator after all is the center post in the washing machine that gets the dirt out. So, we need a lot more agitation...

        "We can battle back against the powers. But it's not just going to a rally and shouting. It's organizing and it's thinking. And reaching out to others. And building a real people's movement."

        Jim Hightower

        •  But you still have to get... (4+ / 0-)
          Recommended by:
          mrkvica, shaharazade, kds9515, thethinveil

          "The hogs out of the creek."

          Jim explained that last night too, something like "The hog won't come from saying 'here hog.' You got to get in there and give them a shove."

          •  hogs are bypartisan (3+ / 0-)
            Recommended by:
            Eddie C, kds9515, Loose Fur

            so it takes more then compromising with them or saying that they are 'good' people too, and have a point. As citizens we should and can stand firm for making those in power represent both the laws and the common good. It's up to us, the people.  Thanks again cheers me right up. Nice looking crowd.

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