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News & Media in Toronto written by Ian Chow: It has been brought to my attention that many people believe that Occupy Wall Street is a bunch of poor people complaining that they can’t make money and that they’re trying to find blame on someone – the blame falling on the richest corporations and banks that are “screwing” them over. Understandably, through no fault of our own (well, a bit), that many of us would accept that the protests are about just that – to varying degrees. “A bit” because we are all capable of doing more research to try and learn and understand what the protest really is about – but this article is to address the changes in narrative of OWS. A suggested watch to educate yourself about how the narrative can change: OWS: Mocked: US media backs the banks, by RT. (OWS acronym for Occupy Wall Street. RT; Russia …
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News & Media in Toronto written by Ian Chow: In response to the CBC article written about the occupation Occupy Economics; is the system broken? Posted Oct 17, 2011, written by Don Pittis: There were some important issues raised here. Especially about bailing out banks. But there are many more that couldn’t be covered under the span of the CBC article. But first to answer the bailing out question: “So was it a good idea to spend $800 billion in taxpayer cash to bail out the U.S. banks? Is it a good idea for the Europeans to do it all over again now?” It is inherently bad economics to bail out banks. Yes it’s understandable that it is to save the economy, but it goes against the “rules” of economics. In that respect, it’s not fair that banks are being bailed out. Why are they more “special” to be entitled to a …
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