Economics

Columbus Day, Wall Street, and Alabama Immigrants: "It's About Power, Stupid"


In our own time the "jobs" rhetoric from both the right and the left ignores the power grabs and power differentials that led to the hemorrhaging of American jobs in the first place. The simple truth is that multinational corporations could make more money for their shareholders by outsourcing jobs to third-world countries so that is what they did.

This was not a moral dilemma for CEOs; it was a "sound business decision." And the gospel according to free-market capitalism (the USA's true religion) preaches that what is good for American business is good for America.

#OccupyWallStreet: Hand Gestures, Health Care and the Birth of a New Paradigm

generalassemblyThroughout the day here at the #OccupyWallStreet mass demonstrations in New York's financial district, you can find small and often somber groups meeting.
They have agendas, a facilitator, a time keeper, and someone to keep track of the "stack" -- the list of people waiting to make a point or ask a question.
And they also have a system of hand gestures -- a sort of gonzo sign-language adaptation of Roberts Rules of Order -- designed to keep the discussion and decision-making process both democratic and efficient.
When someone agrees with a point the speaker is making, the crowd raises two hands in agreement. When the crowd disagrees, hands quickly go up, making a downward pointing motion. To call a "point of process" crowd members shape their hands into a triangle to stop discussion. Speakers who wander off topic are quickly redirected and reminded of the point being discussed in the agenda.
These working groups bring their recommendations to the #OccupyWallStreet General Assembly, which takes place once a day. A vote is taken to determine consensus before a recommendation is passed along to the G.A.
Anyone participating in the General Assembly can block a proposal by forming an X with their arms. Participants make their case and then a revised proposal is put forth. The revised proposal can then be passed with a 90/10 consensus.

#OccupyWallStreet: "The First Time I Slept on the Street Was Seven Years Ago..."

tim at occupy sleepingFor whatever stereotype you might have in your mind about who the so-called Occupiers might be, there are some people who fit it, and whole lot more who don't.

I traveled from Washington, D.C., to Wall Street late Wednesday because I believe it's often easier to find God on the streets than in a sanctuary.

We serve a God who shows up for those in need, and for those who stand with them.

WARNING: No Compassion. Proceed with Caution.

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Where is the compassion in our economy and our politics? It says much of the economic system that Sojourners even needs to campaign for a "moral budget." How do we, as Christians, challenge structures that allow billions of dollars to be wasted via tax loopholes while 1 in 6 Americans live in poverty?

Will we, as Sachs hopes,

#OccupySesameStreet

occupysesamestreet#OccupyWallStreet (the New York-based protest against social and economic inequality, corporate greed, and the influence of corporate money and lobbyists on government) has moved to a new location, a street where the air is far sweeter than on Wall Street.

Won't you tell me how to get, how to get ... there?

That's right, folks, the occupation has taken over Sesame Street.

In Case You Missed It: #OccupyWallStreet's Official Statement

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From the official statement by #OccupyWallStreet: "As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power."

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