Tag Archives: exploitative

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 ….

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