occupywallstreet

Showing 3 posts tagged occupywallstreet

R. Crumb on Occupy Wall Street

"I think they should stay there, and persist and persist until they have some effect. I don’t know what effect they can have. I was thinking about it last night, I was laying in bed, thinking, ‘Can this thing have any effect on the wealthy establishment?’ They’re so entrenched, they’re so powerful. I don’t know if they even care that people go there and demonstrate. What will it take, an armed revolution? That’s violent, and I’m kind of against violence. Violence begets violence, and then you get leaders who are violent men. And you don’t want that. You don’t want some Stalin in there as your left-wing leader. But it’s a great thing to see. I kinda thought that the American youth were very complacent and indifferent about all that, or just didn’t know what to do. But somebody got this thing going.

-From the Mother Jones interview with Robert Crumb.

Joseph Stiglitz, Paul Krugman, and Michael Lewis Comment on #OWS

Joseph Stiglitz, Nobel prize-winning economist:
“You are right to be indignant. This system is not working right. It is not right that we have so many people without jobs when we have so many needs that we have to fill. It is not right that we are throwing people out of their houses when we have so many homeless people.”
[watch the Zuccotti Park speech on YouTube]

Paul Krugman, Nobel prize-winning economist:
“The protesters’ indictment of Wall Street as a destructive force, economically and politically, is completely right.”
[read the New York Times op-ed]

Michael Lewis, best-selling author of The Big Short, Liar’s Poker, Moneyball, and most recently Boomerang:
“I think it could be a big deal…The reason I think it might have legs is that I think they have a point. There is a horrible unfairness at the heart of our economy right now. We have essentially socialism for capitalists and capitalism for everybody else.”
[watch the Reuters interview on YouTube]

Once the Bush and Obama administrations decided that you couldn’t let these firms fail and they didn’t want the mess of nationalizing them, there was really only one way forward — and that way was to gift money onto these banks until they’re back on their feet and can function at the center of the economy again. But that, to any normal person who is outside the system, just looks ridiculously unfair. It looks like socialism for capitalists and capitalism for everybody else. So it’s no wonder people are marching in southern Manhattan.

On today’s Fresh Air, Michael Lewis talks about Occupy Wall Street, the debt crisis in Greece, the Euro, and why he feels like California is having ‘third world problems’ (via nprfreshair)

(via nprfreshair)