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Discuss: The Reign of the One Percenters



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9 Eric Meiers on Sep 30, 2011

I would like to suggest this book It is .31 cents and tells this story very well.

10 nahummer on Oct 01, 2011

Wow, amazing, and possibly inspiring writing. As Matt pointed out, it seems the call is finally being answered by the #OccupyWallStreet movement. We can’t do anything on our own we need to work together to get the toxic greed out of our culture, I’d start with the corporations -

11 Game Over on Oct 02, 2011

Look what’s happening out in the streets
Got a revolution Got to revolution
Hey I’m dancing down the streets
Got a revolution Got to revolution
Ain’t it amazing all the people I meet
Got a revolution Got to revolution
One generation got old
One generation got sold
This generation got no destination to hold
Pick up the cry
Hey now it’s time for you and me
Got a revolution Got to revolution
Come on now we’re marching to the sea
Got a revolution Got to revolution
Who will take it from you
We will and who are we
We are volunteers of America

wall street…top 1%...corporate amerika…we are coming for you…and it won’t be pretty…

12 jessica flagg on Oct 02, 2011

Thanks for the excellent article and analysis. Needs to be read by everyone experiencing the decline as well as those one percenters who haven’t completely suceeded in turning off their consciences.

13 carolyn kostopoulos on Oct 02, 2011

an investment banker adviser person recently asked me how i made money.  note that he did not ask me what i did for a living or what a was (doctor, lawyer, indian chief) but merely how i made money.
i said to him that i didn’t make money; i MADE costumes and hopefully, if i made them well enough, i would EARN money and if i was smart about it, i would manage to have some money left over.
i explained to him that members of his “profession” did indeed MAKE money out of air sometimes; they put dollar bills on a xerox machine, chanted a few incantations, waved their arms, bankrupted another country, wiped out an industry and poof- money!

he was not too happy with me for sure.  it was as though we were from different planets, so vast was the gap in our worldviews.  but mine is based on reality.

happily it does seem that at the 11th hour, perhaps the youth of NY is realizing that their futures have been gambled away by a few rich old white guys and they are congregating down at wall st where we must all join them.
by all means, let the egg throwing begin!  just make sure you buy the cheapest industrial supermarket eggs from chickens who have suffered and been treated as commodities and who’s eggs are probably filled with salmonella and not worth eating.  these are the only eggs that bankers deserve, these are the eggs their short sighted system has created.
then go forth, find yourself a real farmer (amish are good) and pay cash for real eggs raised outside the corporate system.  treat yourself and support the farmer.  a world that has more Farmville players than actual farmers is a world that is doomed to starve- and soon!
pundits tell us that consumer spending drives 70% of this sick broken growth economy and that we must spend to repair the system.  i have a better idea- don’t spend.  every purchase you don’t make within the corporate/ banking system takes money from them.  and money is their ONLY sustenance.  they have no resiliency.  we can bring them down; we MUST

14 Sam Cannon on Oct 02, 2011

But if you re-define profits and costs a la Maslow’s eupsychian economics, it’s the 5% alpha population that counts!

15 Lana Pengar on Oct 03, 2011

This is an eye opener.I’d say your daugther is still lucky to learn these tough lessons.

16 plowboy on Oct 03, 2011

I have not lived in the NY metro area since the mid-seventies, so I’m the last one to ask how goes it there. Still, from my travels all over the country since then, I’d say that the tyranny of the 1% is alive and well in every major city. Hell, I’m probably one here where I live now, although by NY standards, I’m a piker. I look around at my neighbors, all nice folks, but I get the real sense they have not the first clue regarding anything outside of what to buy, what viral video to watch, or what football team to follow. Sad and pitiful. 

The wheel is still in spin though. When I saw a couple of NYC cops gas the couple of OWS protestors Sat. before last, my reaction was, “Thank you for lighting the fuse boys.” And they did.  It has the potential to get very big, very fast. The amount of rage and anxiety in this culture right now is at a level I’ve never seen in my life (and I witnessed 1969)and my only frame of reference is historical: The run up to secession in the late 1850’s. By my reckoning, it is now the equivalent of 1861. That didn’t go so well for my people. Hope to vindicate that legacy this time.

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