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MIKALONEIL/BLOG | ARCHIVE
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MIKALONEIL.COM/BLOG

End Financial Appartheid

#occupycoke

A picture named occupyCokesm.jpg

A few of the Coke product family members:
  • Bright & Early
  • Minute Maid
  • Simply Orange
  • Odwalla
  • Fuze
  • Fanta
  • Sprite
  • Honest Tea
  • Dasani
  • Vitamin Water
  • PowerAde
  • Illy Issimo Canned Coffees
  • Smart Water

Enough said?

#OWS Ignites the World

Another fantastic photo collection via The Atlantic

Lessig: Killing it over & over & over

via Striking The Root of Wall Street Corruption from Sean McDaniel on Vimeo.

Max Keiser says…

My advice to the leaders of this movement and to the movements all over the world is that they should look at the campaign from a couple of years ago called “Stop Huntington Animal Cruelty.” This was a campaign against Huntington Life Sciences, where the campaigners targeted the stock price of Huntington Life Sciences and drove the stock price down to zero. The company had to close and shut in the UK and run to America, where they got some safe harbor for their animal cruelty.

This is the best way to stop these types of banker terrorists. You need to target their stock price and you need to try to drive it down to near zero, and with the global movement taking shape, there is a way to effect this change in the stock price down to zero.

And you get a new balance of power. Power will shift. With reverse capitalism, the fund managers and the hedge fund managers are with the protesters, because they are the ones dictating the price discovery and this is the beauty of a new reverse capitalism. I would not say this is anti-capitalism, this is about reverse capitalism. This is about taking the tools of capitalism, putting them into the hands of the people, creating new price discovery and repricing these assets around the world and forcing the banker terrorists out of the system and sharing the wealth with those who are part of the world community.

via Max Keiser

Chaplin and Fairbanks: Occupy Wall St. 1918

Charlie Chaplin and Douglas Fairbanks Occupy Wall St

via Wikimedia

Unlike today’s occupations, this one was apparently in support of the war effort.Here is a bit more information from The New York Times

Occupy Wall St: Chris Hedges Interview Transcript

via greekcabanaboy on youtube.

Filmed on Sunday, September 25, at the

Occupy Wall Street Protest.

Amazing interview with author Chris Hedges discussing global, historical, political, economic, and moral aspects of the reasons for the protest and the larger movements to which it is related.

Read a full transcript of the interview below.

Interviewers: OK World! This is an extreme pleasure.

Chris Hedges: Do you want to ask me questions or do you want me to just say something?

I: Introduce yourself, and tell people who you are.

Chris Hedges: I’m Chris Hedges, and I’m a writer. I just got back from Immokalee Florida where the Coalition of Immokalee Workers (CIW) is about to begin a huge campaign against supermarkets like Trader Joe’s, Stop & Shop, Giant. Which is extremely important. Because if it succeeds, it will probably double the wages, which run between about $8,000 & $10,000 for agricultural workers in the tomato fields, who live in horrific conditions at best. And at worst, conditions that resemble slavery. But I’ve been following what’s been happening here (Wall Street Occupation) and this is really where the hope of America lies.
Continue reading »

Michael Hudson says…

“The financial sector in America basically has become a criminalized sector.”

via Michael Hudson

Capitalism: Destroying Itself

From the man who correctly predicted the debt crisis of 2008, Nouriel Roubini (@Nouriel), Professer of Economics at Stern School NYU, some chilling words about functional deficiencies in our captilast system. What makes sense on an individual level for firms and households is detrimental, nay potentially catastrophic, on a systemic level:

Karl Marx had it right. At some point Capitalism may destroy itself. You cannot keep on shifting income from labor to Capital without having an excess capacity and a lack of aggregate demand. That’s what has happened. We thought that markets worked; they’re not working. The individual can be rational. The firm, to survive and thrive, can push labor costs more and more down, but labor costs are someone else’s income and consumption. That’s why it’s a self-destructive process.”

via Wall Street Journal Online