the 99%, the 1% and ‘anti-finance’

Oisín Mac Giallomóir argues the Occupy movement needs to oppose capitalist production not just capitalist finance and governments

A lot of people have commented that a problem with the Occupy  movement is that it is not clear what they are for. I think that is a smaller problem than the lack of clarity about what they are against. It is against the rule of the 1%. But who are the 1%? What role do they have in society?

The statistical fact that there is a very, very small section of society that is in ‘control’ is clear but the nature and basis of their control isn’t. Certainly the argument is in some sense ‘anti-capitalist’. We are against the tiny minority who control the majority of the earth’s wealth and in the process have huge political power. And we are against the system that enables this to happen. But after that questions arise. What is the system that enables this to happen? Continue reading “the 99%, the 1% and ‘anti-finance’”