So we are left with a vivid understanding: Multinational oil corporations cannot be properly held accountable, and, if left unchecked, they are capable of strongly influencing United States foreign policy and policies on energy and climate change in ways that are inconsistent with government’s ultimate goal of promoting the well-being of the American people.
If the system is broken, then it must be fixed. The question, of course, is how. It might be helpful to first look toward public policy elsewhere that has succeeded in reducing inequality and involving citizens more in governmental deliberations. In Belo Horizonte, Brazil, a municipal policy called participatory budgeting (PB), which has democratized the process of city budgeting, has succeeded in accomplishing just that.
If indeed Occupy Wall Street has failed to become a force in the political mainstream, it is because mainstream politics, and not the movement, is failing to constitute any class or even sub-class (unless that sub-class is the very rich).
The last year has been a big one for American labor unions. From Wisconsin to Alabama to the NBA, policy makers are re-examining their stances on collective bargaining.
Protestors, slogans, police – Wall Street has not seen this kind of exuberance in a long time. The city’s past and present financial powers now meet on Wall Street in the shadow of the World Trade Center memorial – what is a symbol of American strength and unity in the face of mortal terror is now home to discontent and [...]
An end to the expulsion of “talented, responsible young people... who could be further enriching this nation."
The United States’ national deficit exceeds $13 trillion—over $42,000 per US resident. With U.S. gross domestic product (GDP) at $14 trillion in 2009, our debt-to-GDP ratio is 93 percent and growing. Japan enjoyed 90 percent debt-to-GDP levels in 1995. Following two decades of stagnant growth, Japan now risks exceeding 190 percent. 15 years from now, America’s Debt-to-GDP ratio may double as well.
Negative responses to austerity demonstrate the key danger of entitlement programs in democratic societies: Once they are instated or augmented, they are extremely difficult to diminish or abolish.
The headlines make it obvious: banks are now earning record profits while the national unemployment rate hovers near ten percent. The clichéd “Wall Street vs. Main Street” dichotomy has become embedded in our political vernacular.