Crackdown at Zuccotti Park
At around 1 AM Tuesday morning, police arrived to evict the occupiers from Zuccotti Park. It was a surprise attack, planned with impressive secrecy, and launched from Peck Slip, a relatively desolate stretch of the city, under the FDR Drive between the Brooklyn and Manhattan bridges. For more than a week, hundreds of blue-shirted police officers—the force’s proletariat rank and file—had been receiving training in crowd control. Monday night, they were told to report to lower Manhattan with “hats and bats”—riot helmets and batons—without being informed why.
November 18, 2011
America's New Robber Barons
With early Tuesday’s abrupt evacuation of Zuccotti Park, the City of New York has managed—for the moment—to dislodge protesters from Wall Street. But it will be much harder to turn attention away from the financial excesses of the very rich—the problems that have given Occupy Wall Street such traction. Data on who is in the top 1 percent of earners further reinforces their point. Here’s why. Though the situation is often described as a problem of inequality, this is not quite the real concern. The issue is runaway incomes at the very top—people earning a million and a half dollars or more according to the most recent data. And much of that runaway income comes from financial investments, stock options, and other special financial benefits available to the exceptionally rich—much of which is taxed at very low capital gains rates. Meanwhile, there has been something closer to stagnation for almost everyone else—including even for many people in the top 20 percent of earners.
November 16, 2011
Four Weeks on Wall Street
At 7:30 PM, near the people’s library, the General Assembly convened. There were about five hundred of us and, as far as I could tell, we were all members for as long as we hung around. From their perch atop the wall on the northeast section of the park, two young women moderated the meeting. “Mike check!” one of the women cried, and with a unison roar the crowd repeated her words. This was “the people’s mike,” used in lieu of bullhorns, megaphones, or other amplification devices that were prohibited because the protesters had no permit. When the crowd has to repeat every word, it shows; for example, during a speech by the Nobel Prize economist Joseph Stiglitz, things slowed down. But in the large crowd the repetition created a kind of euphoria of camaraderie. It also put you in the oddly disturbing position at times of shouting at full voice something you neither agreed with nor would ever have thought on your own.
October 11, 2011
A Zuccotti Park Education
The crisis Occupy Wall Street sees is not just economic. It is about fairness and democracy. How could one blame those in their twenties for frustration when they can’t get a job with youth unemployment rates so high while Wall Street doles out enormous bonuses?
October 11, 2011