Tag Archives: corporate

Canada is not doing better

Ed Broadbent: Inequality’s a problem for Canada, too

By: ED BROADBENT, The Globe and Mail

I don’t know whether it’s smugness or indifference, but we Canadians can be a self-deluding lot. Growing inequality, portrayed recently in The Economist as a global scourge, when viewed from Canada, seems to be a problem only for others.

After all, it was other countries’ banks that crashed in 2008. It’s in southern Europe that tens of thousands are taking to the streets. And it was in France and the United States that recent elections were fought over the fact that those who created the mess, the top 1 per cent, are still getting big bonuses and low tax rates.

Well, guess what? Canada is not doing better. From 1982 until 2004, almost all growth in family income went to the top 20 per cent, with much of that going to the top 1 per cent, while the bottom 60 per cent saw no growth at all. The increase in inequality in Canada since the mid-1990s has been the fourth highest in the Organization for Economic Co-operation and Development.

But does this matter? Yes, the evidence is in, and the conclusion is clear: Inequality does matter. In terms of social outcomes, more equal societies do better for everyone, not just for the poor, in almost every respect: health outcomes, life expectancy, level of trust in society, equality of opportunity and upward social mobility. A recent study showed that if Americans want to experience the American Dream of upward mobility, they should pack up and move to Sweden. They would have to leave the most unequal democracy and move to the most equal.

Continue reading Canada is not doing better

Corporate Profits at All-Time High; Wages at All-Time Low: Can We Call it Class War Yet?

By Sarah Jaffe

The middle class is being hollowed out; increasingly, there are the super-super-rich, and there are the rest of us.

This week, David Segal at the New York Times broke the news to America that not only was Apple — the computer and gadget manufacturer formerly seen as a symbol of good old American ingenuity — making its profits on the backs of abused factory workers in China, but also on poorly paid store employees here in the US.

Apple store workers, he wrote, make up a large majority of Apple’s US workforce—30,000 out of 43,000 employees in this country—and they make about $25,000 a year, or about $12 an hour.

Lawrence Mishel at the Economic Policy Institute notes that that’s just a dollar above the federal poverty level. This for a company that paid nine of its top executives a total of $441 million in 2011. ….

Read more » Alternet

http://www.alternet.org/story/156042/corporate_profits_at_all-time_high%3B_wages_at_all-time_low%3A_can_we_call_it_class_war_yet?page=entire#disqus_thread

Demands of Canadians – Raise Corporate Taxes, Create Jobs, Raise Wages and Living Standards! Curb Corporate Power!

Raise Corporate Taxes, Create Jobs, Raise Wages and Living Standards! Curb Corporate Power!

The CPC (Ontario) has condemned the Ontario Budget, delivered yesterday, as a massive attack on working people and the poor that will destroy tens of thousands of jobs, drive down wages, pensions, incomes and living standards, and which, combined with the austerity measures in Thursday’s federal budget, could push the province into another deep economic recession.

The Executive Committee of the CPC (Ontario) also warned that the threat of legislated wage controls is a dangerous attack on free collective bargaining and on civil and democratic rights.

Continue reading Demands of Canadians – Raise Corporate Taxes, Create Jobs, Raise Wages and Living Standards! Curb Corporate Power!

Impact of OWS

– Finally, Higher Taxes for the 1% — Is Occupy Behind Governors’ Moves to Make the Wealthy Pay Their Share?

By Sarah Jaffe

Is the narrative around taxes finally shifting? Thanks to heavy public pressure, Governors Cuomo and Brown propose taxing their states’ ultrarich. …

Read more » AlterNet

The Shocking Truth – Statement Issued from Zuccotti Park by the General Assembly at Occupy Wall Street

– As we gather together in solidarity to express a feeling of mass injustice we must not lose sight of what brought us together.

We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies.

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.

We come to you at a time when corporations – which place profit over people, self-interest over justice, and oppression over equality – run our governments.

We have peaceably assembled here as is our right to let these facts be known.

They have taken our houses through an illegal foreclosure process, despite not having the original mortgage.

They have taken bailouts from taxpayers with impunity, and continue to give executives exorbitant bonuses.

They have perpetuated inequality and discrimination in workplaces based on age, the color of one’s skin, sex, gender identity, and sexual orientation.

They have poisoned the food supply through negligence, and undermined the farming system through monopolization.

They have profited off the torture, confinement, and cruel treatment of countless animals, and actively hide these practices.

They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions.

They have held students hostage with tens of thousands of dollars of debt on education, which is, itself, a human right.

They have consistently outsourced labor and used that outsourcing as leverage to cut worker’s health care and pay.

They have influenced the courts to achieve the same rights as people with none of the culpability or responsibility.

They have spent millions of dollars on legal teams, but look for ways to get them out of contracts in regards to health insurance.

They have sold our privacy as a commodity.

They have used the military and police force to prevent freedom of the press.

They have deliberately declined to recall faulty products, endangering lives in pursuit of profit.

They determine economic policy despite the catastrophic failures their policies have produced and continue to produce.

They have donated large sums of money to politicians, who are responsible for regulating them.

They continue to block alternate forms of energy to keep us dependent on oil.

They continue to block generic forms of medicine that could save people’s lives, or provide relief in order to protect investments that have already turned a substantial profit.

They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit.

They purposefully kept people misinformed and fearful through their control of the media.

They have accepted private contracts to murder prisoners, even when presented with serious doubts about their guilt.

They have perpetuated colonialism at home and abroad.

They have participated in the torture and murder of innocent civilians overseas.

They continue to create weapons of mass destruction in order to receive government contracts.

To the people of the world, We, the New York City general assembly occupying Wall Street in Liberty Square, urge you to assert your power.

Exercise your right to peaceably assemble, occupy public space, create a process to address the problems we face, and generate solutions accessible to everyone.

To all communities that take action and form groups in the spirit of direct democracy, we offer support, documentation, and all of the resources at our disposal.

Join us and make your voices heard.

VIDEO

Courtesy: http://www.twf.org/News/Y2011/1005-Occupy.html

The U.S.A we admire – Former Philadelphia Police Captain Joins Occupy Protesters, Gets Arrested

Former Philadelphia Police Captain Ray Lewis joined Occupy Wall Street protesters on Tuesday.

He was seen holding a sign reading “NYPD Don’t Be Wall Street Mercenaries.”

In a video interview with Livestreamers, he railed against the excessive power of corporate America and the wrongful eviction of protesters from Zuccotti Park. He said if the occupations “continue to grow, you’re going to see a lot more of the FBI.”

Rea more » Common Dreams

Desis stay away from Occupy Wall Street

by Dr. Qaisar Abbas

Excerpt;

While the American silent majority has spoken lodging its protest throughout America, the so-called model minority of Desis seems to be in a state of perpetual silence. The affluent are part of a capitalist system which they cannot afford to oppose anyway. On the other hand, the disadvantaged communities of the diaspora are so isolated from the American society; they do not feel to be part of a grassroots movement …

…. The grassroots agitation against the exploitative capitalist system is challenging the powerful businessmen, financial institutions and politicians in the United States. The recent issue of the progressive journal “The Nation” reports the deplorable economic conditions in the United States in these figures:

  • Twenty five million Americans are unemployed who are desperately looking for jobs
  • While corporate CEOs are paid handsomely, wages of 70% Americans without college education are declining
  • One in 6 American lives below the poverty line
  • One in four homes, considered to be the largest asset for most Americans, is at the verge of foreclosure and eviction by banks for nonpayment of mortgage loans
  • Fifty million people are unable to afford health insurance as healthcare costs are soaring
  • The economy works well for the rich 1% who control 40% of the wealth
  • Multinationals have conveniently transferred domestic jobs in other countries to reduce production costs
  • The rising cost of education is becoming unbearable for youth and they are burdened with a record high education loans ….

Read more » ViewPoint

It’s not a Recession, it’s a corporate Robbery – New spirit across the world

– Laurie Penny: Across the world, a new spirit took hold – power was taken back by the people

More than city squares are being occupied. What is being reoccupied is a sense of collective possibility

Something enormous happened on Saturday night. In over a thousand towns and cities around the world, people from all walks of life took to the streets and occupied the squares in an international “day of action” against austerity and corporate greed. In Madrid, I watched 60,000 stamp and cheer in Puerta del Sol as protesters took over a nearby building and dropped a banner reading “Somos El 99%” (“we are the 99 per cent”), a slogan from the Occupy Wall Street movement which has become a mantra for new global resistance.

As thousands streamed into the main square of the Spanish capital, a projector was showing hundreds facing down police to camp outside the London Stock Exchange. Protest, like profit, has become globalised.

The fact that politicians and pundits are asking what all these people want can be considered a victory for the “occupy everywhere” movement. It’s not a question many in public life have seemed much concerned with in the past decade.

What commentators fail to understand is that occupation is itself a demand. It’s a new, practical politics for those disillusioned with representative democracy, which demonstrators claim is a private club run by the rich, for the rich.

The recolonisation of public space, the forming of alternative communities based on direct democracy where people can meet and realise a common struggle, is an act of defiance with its own solution to the alienation and frustrations of life under capitalism. Those who attend occupations with individual grievances stay because they want to belong to a community built on mutual aid and shared values.

As political ambitions go, “occupy everywhere” is hardly modest. It is fitting that the most notable showdown of Saturday night took place in New York’s Times Square, where thousands of peaceful protesters clashed with mounted police under the glow of giant electric billboards in this temple to corporate power.

What is being occupied is far more than a few public squares for a few weeks. What’s being reoccupied is the collective political imagination, and a sense of collective possibility – beyond nationalism, beyond left and right – as millions of people lose faith in mainstream politics.

Power is not being petitioned here – it’s being reinvented. That’s what makes “occupy everywhere” so fascinating and also so exciting.

Courtesy » independent.co.uk

Occupy Wall Street: A Firsthand Account of Arrests and Protester Portraits

– More from Occupy Wall Street: A Firsthand Account of Arrests and Protester Portraits

The Occupy Wall Street protests continue, and there are some great pieces circulating on the web today. First and most important is this Tumblr post, “the girl with the red hair,” from a young protester named Kelly Schomburg who was maced and arrested–and whose treatment at the hands of the NYPD was on a video that went viral. ….

Read more » AlterNet

Thousands of protesters fill New York Times Square

– Thousands of protesters fill NYC’s Times Square

by Associated Press

NEW YORK — Thousands of demonstrators protesting corporate greed filled Times Square on Saturday night, mixing with gawkers, Broadway showgoers, tourists and police to create a chaotic scene in the midst of Manhattan.

“Banks got bailed out, we got sold out!” protesters chanted from within police barricades. Police, some in riot gear and mounted on horses, tried to push them out of the square and onto the sidewalks in an attempt to funnel the crowds away. ….

Read more » The Wall Street Journal

OWS spreads all over

– Occupy protests spread around the world; 70 injured in Rome

By Faith Karimi and Joe Sterling, CNN

(CNN) — Thousands of people across the world railed against corporate power, grinding poverty and government cuts Saturday as the Occupy Wall Street movement spread to the streets of Europe, Asia and Australia — and took a particularly violent turn in Rome.

Firefighters battled a blaze at an Interior Ministry building near Porta San Giovanni in Rome, the main gathering site of the Italian protesters taking part in the Occupy movement Saturday, said eyewitnesses who reported seeing a Molotov cocktail thrown near the building.

A spokesman for Mayor Gianni Alemanno, who condemned the violence, confirmed 70 people were injured, 40 of them police officers. No arrest numbers were available late Saturday. ….

Read more » CNN

Study: Wealthy Stockbrokers More Dangerous Than Psychopaths

By David Sirota

The findings are a reminder of why now — more than ever — we must refuse to succumb to political apathy and laissez-faire demagoguery.

Like most people living through this jarring age of economic turbulence and political dysfunction, you can probably recall a moment in the last few months when you thought to yourself that our lawmakers and corporate leaders are all crazy. And not just run-of-the-mill crazy, ….

Read more → AlterNet

Behind ‘Rising India’

Behind ‘Rising India’ lies the surrender of national dignity

From India’s prime minister down, the rotten state of the world’s largest democracy has been exposed for all to see

Even the racketeers of Pakistani military and intelligence appear dignified when compared with the Indians stampeding to plant kisses on US behinds!

by Pankaj Mishra

Food prices become intolerable for the poor. Protests against corruption paralyse the national parliament for weeks on end. Then a series of American diplomatic cables released by WikiLeaks exposes a brazenly mendacious and venal ruling class; the head of government adored by foreign business people and journalists loses his moral authority, turning into a lame duck.

This sounds like Tunisia or Egypt before their uprisings, countries long deprived of representative politics and pillaged by the local agents of neoliberal capitalism. But it is India, where in recent days WikiLeaks has highlighted how national democratic institutions are no defence against the rapacity and selfishness of globalised elites.

Most of the cables – being published by the Hindu, the country’s most respected newspaper in English – offer nothing new to those who haven’t drunk the “Rising India” Kool-Aid vended by business people, politicians and their journalist groupies. The evidence of economic liberalisation providing cover for a wholesale plunder of the country’s resources has been steadily mounting over recent months. The loss in particular of a staggering $39bn in the government’s sale of the telecom spectrum has alerted many Indians to the corrupt nexuses between corporate and political power. …

Read more : guardian.co.uk

IndianLeaks : If one Julian Assange is suppressed more Assange’s will be born world wide.

Julian Assange is arrested. But his influence can’t be arrested. Freedom of Press can’t be suppressed. Truth should be exposed, no matter how bitter it is.

A team of youngsters is launching this new web site ‘IndianLeaks’ to protest the arrest of Julian Assange. If one Julian Assange is suppressed more Assange’s will be born world wide. This website is proof for this.

Hereby we call all the Indians to expose the documents related to corruption, crime and other issues where Government, Politicians and Corporate world are in nexus. As it was mentioned in WikiLeaks, we also accept restricted or censored material of political, ethical, diplomatic or historical significance. Please don’t send the documents which are not credible, or which are based on rumour, opinion, other kinds of first hand accounts or material that is publicly available elsewhere. Your documents should not have been published anywhere else in India or the world. Upload the documents you have. ….

Read more : IndianLeaks