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Raymond Heard

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Not Just Hippies Occupying Wall Street

Posted: 10/19/11 03:54 PM ET

At least two more things need to be said about the mainly peaceful global Occupy Wall Street citizens uprising that broke out in the Twitterverse and the Huffington Post long before the mainstream media woke up to an important new political reality. Firstly, it is supported by titans of commerce and industry, not just a bunch of latter-day hippies, street people and other idealistic, but woefully misguided, young people. Secondly, those pundits, prognosticators and politicians, including all the contenders for the Republican presidential nomination, who whine it has no clear goal, are themselves hypocrites because their "solutions" are, at the very best, pipe dreams, or paper tigers.

In listing those who endorse the OWS, it may be appropriate to begin with quite the most surprising: The erudite Conrad Black, who still professes to be totally innocent of being a white collar criminal. In his widely-read National Post column, Lord Black of Crossharbour proclaims that the "anger and frustration" of the OWS crowd is nothing less than justified From a nascent entrepreneur who, while at college, damned me for my sympathetic coverage of the '60s anti-war protests from the White House, this is high praise indeed. The good Lord has indeed been able to adjust, albeit somewhat belatedly, to changing times

Mark Carney, the cerebral but street-smart head of the Bank of Canada, who is the top candidate to run the international Financial Stability Board (which just may rescue the global economy on his watch), fully endorses the "constructive" protests against corporate greed and corruption. His counterpart at the central bank of he United States, the Republican appointed Ben Bernake, shares this very charitable (for a banker, that is!) view.

The chief executive officer of the Bank of Montreal, Bill Downe, is broadly onside. So, more importantly, perhaps, is the CEO of gargantuan Citigroup, Vikram Pandit. Mr.Pandit, who offered to meet with demonstrators, said their concerns were "completely understandable." Indeed, trust has been broken by Wall Street with Main Street, and it is now nothing less than the solemn duty of Wall Street to reach out to Main Street to rebuild that trust. In what can be seen as a Monty Python-esque twist, Mr. Pandit was rewarded for his candour by hackers who broke into his personal data and shared it it cyberspace.

Then, too, the government of the People's Republic of China, which, despite its sterling Communist antecedents, is perhaps the most successful exponent of 21st century free-market capitalism, has also endorsed the ideas, if not the methods, of the Occupy Wall Street crowd. Given that China holds America's almost incalculable debt in its (relatively) strong grasp, there is perhaps no better judge of Wall Street avarice and corruption than the nameless bureaucrats in Beijing.

In a long, fact and figure-laced editorial on Oct. 8, the august New York Times, answered the chattering classes who keep complaining -- whining is a better word in my lexicon -- that the marchers lack a clear message and specific public policy solutions.

"The message -- and the solutions -- should be obvious to anyone who has been paying attention since the economy went into a recession that continues to sock the middle class while the rich have recovered and prospered. The problem is that no one in Washington has been listening," the Times opined.

After explaining why Americans have lost their belief in redress and recovery, the Times listed some policy goals available to politicians and bankers to address the legitimate gripes of the protesters. They include lasting foreclosure relief, a financial transactions tax, greater legal protection for workers' rights, and more progressive taxation.

Anyway, the editorial concluded, it was not the job of protesters to draft legislation. That was the job of America's leaders and they have neglected at America's peril.

The Financial Times of London, whose apposite slogan is "These are Financial Times," deserves the last word. Its Oct. 18 editorial has a tabloid-like title America wakes to the din of inequity.

The editorial warns that "only the foolhardy will dismiss a movement," supported in a poll by 54 per cent of the American people that "reflects the anger and frustration of ordinary citizens from all walks of life across the world." What is now at stake is nothing less than the future of the American dream -- that all those who work hard should have the opportunity for prosperity -- because of a crisis caused by financial excess and political cynicism. After all, the Republicans had callously obstructed Democratic initiatives to cure the rot, while President Obama -- perhaps unlike FDR, I would add -- had exhibited "naïve neglect of the need for muscular leadership."

Stay tuned. This cry for change has legs, though its destination remains obscure, reminding me on these (paraphrased) lines from Jack Kerouac's On the Road:

Where we goin ,man?

Dunno, but we gotta go!

Raymond Heard was Managing Editor of the Montreal Star and Head of Global News

 
At least two more things need to be said about the mainly peaceful global Occupy Wall Street citizens uprising that broke out in the Twitterverse and the Huffington Post long before the mainstream med...
At least two more things need to be said about the mainly peaceful global Occupy Wall Street citizens uprising that broke out in the Twitterverse and the Huffington Post long before the mainstream med...
 
 
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HUFFPOST SUPER USER
nitwitsRus
my udder username is...
06:33 PM on 10/20/2011
yippies TOO?
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HUFFPOST SUPER USER
Whistlejackett
Hey stop doing that
04:22 PM on 10/20/2011
What pains me about your article, is the obsession to relate the OWS to the government. When you constantly have to relate the issues, and if they are important, and so on, you neglect to bring to the front, the issues of the OWS. Is it ever possible to speak on just the issues, and so delve into the realm of the protesters. The reason you cannot define anything is because you neglect to talk about it.
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TT Esty1
Failure is a temporary condition.
04:20 AM on 10/20/2011
Perhaps, not so much weren't listening but refused to listen. There is a syndrome which in this instance I would call 'cultural inebriation' where the rightness of one's ways is so infused that the brain will not allow alternatives. The ruling oligarchy simply cannot fanthom the destruction that their culture engenders. One has only to listen to people like Cain in the US or O'Leary and Cherry in Canada to understand the disdain they have for others not of their rank. They have been winning their self declared war on the working class for so long that they see it as a normal state.
Jack Canuckski
Canadian Observer of the passing scene
11:22 PM on 10/19/2011
I think that what has really caught their attention was that this is a movement," supported in a poll by 54 per cent of the American people that "reflects the anger and frustration of ordinary citizens from all walks of life across the world."
When they say all over the world, this past weekends there were demonstrations and occupations in support of OWS in 1400 cities in over 100 countries around the world. Some with foresight are beginning to understand how big this can become and they know that they have to adapt to a new reality.
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sgillhoolley
Occupy the discussion.
09:14 AM on 10/20/2011
What I find extremely interesting is that the polls showed 49% support for the movement about a week and a half ago. About five days ago the number was up to 53%. There is a new poll out now that shows it is up to 56%. At this rate those who support the movement will probably be somewhere in the upper 60s within a month. When the Founding Fathers decided that Revolution was the only course they could take, only 5% of the people actively supported it, and perhaps the number went up as high as 10% for those who voiced support. 5% actively opposed the revolution. The numbers are so much stronger now, it is clear that this movement is going nowhere but up, and it will achieve its' goals. The naysayers can continue to say nay, it will not change what is coming. Be prepared, for the world is about to change radically.
09:52 PM on 10/19/2011
Just came in the door from seeing the movie "The Inside Job" about the corruption, conflict of interest and greed ...in the USA...on Wall Street... which led to the world-wide economic collapse.

If it were shown to those protesters...right now...tonite...as they bed down in the parks, a true revolution would take place.

I suggest that anyone who thinks it's just hippies etc out there should consider going out and marching themselves...it's impossible to not be furious after seeing this film!!
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sgillhoolley
Occupy the discussion.
09:16 AM on 10/20/2011
A true revolution is taking place. It is not a violent one, because THEY know how to deal with that. This is an effective revolution. It WILL change the world. The old guard is going the way of the dinosaurs. It is the People's time now!
06:44 PM on 10/19/2011
Good to hear some of the bankers themselves admit there are reasons for Americans to be upset with them. Not sure how much this is sincere and how much it's a recognition that their privileged positions are endangered. I'll try to give them the benefit of the doubt. There was a recent poll that showed the highest support for OWS, by income group, was among those making over $100,000. Something to think about.
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shelbyanne
the unseen eye is watching you
06:33 PM on 10/19/2011
Occupiers are organized into a highly effective catalysis for social change.
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arcsong
David Archer Toronto based Composer, Guitarist
06:27 PM on 10/19/2011
Okay, it’s nice to see that people who should’ve known better a long time ago are awakening from pleasant slumbers and recognizing that reality has hit the fan.

One can only assume that Mr. Heard believes this sudden conversion on the road to Damascus by those on his very short elite roll call has come about by some miraculous, divine intervention of grace and wisdom and not because their portfolios are tanking - and certainly not because a “bunch of latter-day hippies, street people and other idealistic, but woefully misguided, young people” have finally succeeded in forcing them into a belated shame for their own long term wilful blindness.

Now, if you can manage to drop the direct and passive/aggressive belittlement of those who have actually worked to bring about this nascent awareness, you might find yourself fully welcomed on the right side of history and this historical movement. As a bonus, if you can be a little more respectful to the other players, I will modulate my tone toward you.

As I’m sure you can easily see, Mr. Heard - people simply do not trust your friends and fellow establishment actors anymore.

But it’s not about trust or scoring points in anyone’s version of class warfare or even any one particular person's station in life.

It’s about justice.

You’ve almost made it across the divide Mr. Heard. Keep on coming and good luck.
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Reno Fickler
Head Lifeguard/Dead Sea Marina
06:17 PM on 10/19/2011
I can see why everything mentioned about the author is in the past tense, like his thinking.
Hippies went extinct in 1975. Most blame it on leaded gas.
05:25 PM on 10/19/2011
thanks for writing this. Too many people think it's just kids. And thank God for those kids!
thank God they don't want to be brokers and rob thier friends and neighbours.