You know that the government and the giant banks are not
being responsive to the needs of the economy and the American people
when even PhD economists and economics professors are calling for
Indeed, many top experts and even politicians say that
the American political system has suffered almost total regulatory
capture, where Wall Street calls the shots. See this, this, this, this, and this.
As respected financial commentator Yves Smith points out,
PhD economist Dean Baker, economics professor William K. Black and
others are helping to organize peaceful protests outside of the annual
meeting of the American Association of Bankers.
If you saw Michael Moore’s Capitalism: A Love Story, a disconcerting bit was
his discussion of a series of research reports put out by Citigroup for some of
its asset management client in 2005 on “Plutonomy”. It argued that a world
to suit the whims of the top 1% was well underway. The only thing that
might get in the way was that the other 99% had the force of numbers on
Sometimes it takes a show of numbers to change the dynamic. As Baker pointed out:
elites hate to acknowledge it, but when large numbers of ordinary
people are moved to action, it changes the narrow political world where
the elites call the shots. Inside accounts reveal the extent to which
Johnson and Nixon’s conduct of the Vietnam War was constrained by the
huge anti-war movement. It was the civil rights movement, not
compelling arguments, that convinced members of Congress to end legal
racial discrimination. More recently, the townhall meetings, dominated
by people opposed to health care reform, have been a serious roadblock
for those pushing reform….
A big turnout at this event can make a real difference.
Baker is correct about Vietnam.
Specifically, in a little known fact, Nixon was considering using nuclear weapons in Vietnam (and see this).
that time, Nixon was also repeatedly publicly saying that he didn't
care what the American people thought about Vietnam, and that he was
going to escalate the war anyway. However, according to a biography by
a well-known historian, when Nixon saw hundreds of thousands of
protesters on TV, he dropped his secret plan for nuking Vietnam.
Remember, Nixon dropped those plans even though he said he didn't care what people thought.
Indeed, this has happened repeatedly throughout history whenever people have been willing to stand up. The Ukranian people stood up to tyranny and won. The East German people stood up to tyranny and won. The people of the Philippines, Serbia, Czechoslovakia, Indonesia
and other countries around the world have won against tyranny whenever
ordinary people have poured into the streets in massive numbers and
websites publicizing this or any other protest should have web readers
click an "I Agree" button promising to be peaceful before they are
taken to the web page giving specifics about when and where the protest
Everyone attending a protest should sign
written pledges in advance to be peaceful and not use any violence
under any circumstance.
should dress nicely for protests. As Yves Smith says: "Dress nicely!
One favorite strategy is to dismiss protestors as ruffians.".
should also bring cellphone cameras or videocameras. If police turn
violent or use agents provocateur to incite violence, we film it all,
and broadcast it worldwide on the web. That would make the government
look really, really bad.
If you see anyone trying to incite violence, have a group of people escort them away from the protest.