The Metrics of Protest: “99 Percent”

© 2009 Avi Feller and Chad Stone (based on data from Thomas Piketty and Emmanuel Saez)  | cbpp.org (Center on Budget and Policy Priorities)

Occupy Wall Street protests have spread across the country behind the rallying cry that the “99 percent” have been left behind. There is a sense of outrage that the “system” is not just rigged in favor of the elite – something like the top 1% – but has spun out of control, leading to an accelerating concentration of wealth and power in the hands of the very few.

Wage stagnation, the explosion of health and education costs as the American welfare state shrinks, and above all the financial manipulation of debt has generated extraordinary profits on Wall Street and massive indebtedness and housing foreclosures on Main Street. Losses from outrageous risk-taking by too-big-to-fail financial institutions are made good by the taxpayer, who is told there is no alternative.

This new gilded age political-economic system can be thought of as the interlocking trifecta of a mostly degraded and increasingly dual educational system, a financial system that became mostly unregulated by either law or social norms, and a political system increasingly corrupted by money.

The educational system has promoted a meritocracy of cumulative advantage. The vast majority of American students experience primary and secondary schools during which they fall far behind their peers in much of the rest of the developed (and even less-developed) world, and then face costs of post-secondary education that produce a level of debt that cannot possibly be repaid out of earnings. But the elite reproduces itself with an ability to pay for college and graduate school educations whose superiority has steadily grown, while at the same time feeling entitled since the educational process has also become extraordinarily competitive.

The financial sector was systematically deregulated as free market orthodoxy took off in the 1980s. This deregulation served to extract resources from the “real” economy and concentrated it in the bank accounts of a tiny elite, who are increasingly those same victors of the Darwinian educational competition. As the concentration of income at the very top of the distribution proceeded in the 1990s-2000s, . . .

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OWS and the Recovery of Democracy

democracy © Thinglass | Dreamstime.com

Like a whole lot of other people, I am trying to get a handle on Occupy Wall Street. It’s obvious that this is a very special movement, but I am trying to figure out what makes it so special. The one-month-old movement is being accused of being unclear, directionless, fragmented, vague, fuzzy. Indeed, it is not made up of disciplined cadres marching with mass-produced banners. It does not have a Central Committee, and though it is an expression of what one Zuccotti Park woman veteran calls an Economic Civil Rights Movement, it stays away from specific demands. These are there, too, but not easy to list or prioritize. It is not just about jobs, not only about mounting poverty, or student debts that now total more than all our credit-card debts; it is not only about corruptibility of the political system, and not only about accountability of the banks and bankers. It is – not unlike the Civil Rights Movement – about something much more fundamental. And I think it has something to do with the way we are locked in to rigid ways of thinking and talking about democracy.

There is nothing new in the observation that we are often imprisoned by language. Language is a conventional system of signs, and if we want to communicate we have to rely on its conventional usage. But there are dimensions and usages of language that, when tweaked a bit, have the capacity either to keep us captive, or to bring in some fresh air, helping us breathe. That we are captives of language, confined within a language that does not serve us any more, is conveyed vividly by Susan George when she says that “cost recovery” is the polite way of saying “make families pay to educate their children.” Indeed, we hear it all the time: education is a very good investment. On the other hand, a pleasantly surprising example of a more refreshing linguistic game comes from Occupy Wall Street: “Yes we camp!”

Something has happened to our thinking and talking about democracy, and we academics are not without guilt here. . . .

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The People Should Lead: The Meaning of the Occupy Wall Street Movement

Wall St. protest sign saying "We are the 99%" © Scott Beck

The other day someone working for the mainstream media (MSM) seemed to be undecided about how exactly they should disparage a burgeoning movement. First the hypertext link on MSNBC’s website read, “Protesters want to tame Wall Street’s wild ways, but they’re a little wild themselves.” Later in the day it read, “Wall Street protesters spread murky message.” In both cases, clicking on the link would reveal the title of the article, “Familiar refrain: Wall Street protest lacks leaders, clear message,” with the opening lines, “It’s messy. It’s disorganized. At times, the message is all but incoherent.” With the accompanying photos focusing on the disheveled belongings of the protesters scattered about their home base, Liberty Park, the theme was that the seeming lack of organization and consensus of the “Wall Street Protesters” was analogous to the dysfunctional state of American political discourse. Being unsympathetic, skeptical, or even cynical, reporters do find what they’re looking for. Yet such a jaundiced look at the protests, as is typical of much of the media’s coverage, misses something strikingly obvious: what has largely faded in the rest of the country is still alive in Liberty Park– hope and change.

Last week, a young couple from Virginia Beach paid a visit to the park with their two children, one about five or six years old, the other not older than three. They met a young man who was writing a message on a cardboard to protest corporate malfeasance. The couple asked him to explain to their eldest daughter what it was he was protesting about. The young man smiled, and looked at the girl, who shyly averted his glance. “So basically, a few people have a lot of power, and they’re using that power to take advantage of everybody else.” At that point, the girl began to give the young man her undivided attention. “You know, it’s like a bully, we’ve all had plenty of bullies in our lives, and they think of different ways to better their position. And what we have is just that, on a larger scale, . . .

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