Wall Street et Gateaux
It may not
be a revelation to you. But when I made
the connection, I found it quite revelatory.
I was actually proud of myself for having the ability to connect these
dots.
You see,
part of the criticism, if not the main criticism, of the Wall Street Occupation
protest is that there does not appear to be any particular brand.
For
instance, in the sixties, the big brand was ‘Get Out of VietNam!” You see?
That’s a brand. Simple. Punchy.
How about ‘Free Huey!”
Again. Straight from the shoulder
type of objective. Get this guy out of
jail. There was nothing fuzzy there at
all here.
These Wall
Street Occupiers do not have the advantage of a nice neat slogan or a
brand. They’re at a disadvantage in this
regard. What are they going to carry on
their placards? “No more mortgage based derivatives?” Lackluster. “Cool it with sub-prime mortgage defaults!” Too wordy.
“Hedge funds are bad!” Are
they? Are the protesters really foot
stomping over derivatives? Clearing
houses? Hedge funds? Toxic assets? Does
a reasonable percentage of the protestors even know how to define any of these
things or what role, if any, each of them played in our current economic melt
down? Probably not.
The
Occupiers are making news because there are a lot of them and they’re making
noise and there are a lot of signs and they’re on Wall Street and their
movement is being picked up in far away lands.
But the best the newscasters can do is to put a catchy label on them:
‘Occupiers’. Sort of like home squatters
with the constitutional right to assemble.
So exactly
what is the brand? What are they
selling? As my good buddy John says, ‘What’s
the rumpus?’
Here’s the
deal. There is no single slogan. There is no objective as such. There is no serious program insisting on
housing, increased wages, job benefits or even a lowered social security
age. The real issue is rage. Many of these people have been out of work so
long they no longer appear on any unemployment register. Many
of these do not have, and cannot buy, health insurance. Many of these people have been taxed out of a
house or out of the ability to buy one.
Well. So you may say. That’s just too bad for them, isn’t it? Not exactly.
You see, they are not bemoaning their own individual fate. They are raising fists in the air because they
are emphasizing the glaring division between the masses (which they claim to represent) and the elite
within our society. The claim is as
follows: You, the privileged, the elite,
occupy a small percentage of our population yet you indiscriminately lord over
our existence in the form of policies, taxation, hiring and the availability,
or lack thereof, of public services. Because of your greed and the obvious
practices of backroom winks, you skim off the top, dole out billions to your
brethren and, except for the most of the flamboyant, those who widen their
wallets in defiance of law and ethics float well out of reach of any form of
retribution, let alone indictments.
“We are
pissed!” And that is the message.
Seems to
me that we’ve seen this sort of thing before.
Qu'ils mangent de la brioche. Then let them
eat brioche. Supposedly this was uttered
by Marie Antoinette when learning the peasants were starving and were demanding
bread. If there was no bread, let them
eat cake. Drol.
This came from a story Jean-Jacques Rousseau, probably
manufactured, written in 1765, when Marie Antoinette was nine years of age. Apparently Rousseau wanted bread to accompany
some wine he had stolen. He felt he was
too elegantly dressed to go into an ordinary bakery, so he went to a fancy
pastry shop where only enriched pastries like brioche were sold. He recollected the words of a "great
princess" who was told that the peasants had no bread, and who responded:
"Let them eat brioche." This story
which first appeared in a German children's book in 1931, "Pünktchen und
Anton" by Erich Kaestner. It acquired symbolic importance when pro-revolutionary
historians sought to demonstrate the obliviousness and selfishness of the
French upper-classes at that time.
In Chinese culture, there is a similar story
that involves rice and meat, instead of bread and cake: "an ancient
Chinese emperor who, being told that his subjects didn't have enough rice to
eat, replied, 'Why don't they eat meat?'"
Drol.
The new
King of France, Louis XVI ascended to the throne amidst a financial
crisis; the state was nearing bankruptcy and outlays outpaced income.
This was because of France’s financial obligations stemming from involvement in
the Seven Years War and its participation in the American Revolutionary War. Not the Afghanistan or Iraqi war, however.
Jacques Necker was appointed
Comptroller-General of Finance. Necker realized that the country's extremely regressive
tax system subjected the lower classes to a heavy burden, while numerous exemptions existed for the
nobility and clergy. (Sounding familiar?) He argued that the country could not
be taxed higher and tax exemptions for the nobility and clergy must be
reduced. He proposed that borrowing more
money would solve the country's fiscal shortages. Not from China necessarily.
Necker was fired, and Charles Alexandre de Calonne was appointed
to the Comptrollership. Charley proposed a new tax code. The
proposal included a consistent land tax
including the taxation of the nobility and clergy. You can
imagine how well this went down. Just
like our business friendly Washington politicians. King Louis did something unusual. He called for the Estates-General , the first time the body
had been summoned since 1614.
In July 1789 Necker published an inaccurate
account of the government's debts and made it available to the public. The King then completely restructured the
finance ministry. Many Parisians
presumed Louis's actions to be aimed against the Assembly and began open
rebellion when they heard the news the next day. They were also afraid that arriving soldiers –
mostly foreign mercenaries – had been summoned to shut down the National Constituent Assembly. Paris was
soon consumed by riots, chaos, and widespread looting. The mobs soon had the
support of some of the French Guard, who were armed and trained
soldiers. You know the rest. Bastille, Tale of Two Cities, Louis and Marie’s
respective executions, reign of terror, etc.
Let’s discuss Russia around the 1917 time
frame.
In October
of 1914, Turkey
left Russia to join the Central Powers. Russia
was now deprived of a major trade route causing an economic crisis where Russia
could not provide munitions to their army in the years leading to 1917.
World War I
found a lack of food in response to the disruption of agriculture. Food had
become a considerable problem in Russia, but the cause of this did not lie in
any failure of the harvests. The indirect
reason was that the government, in order to finance the war, had been printing
off millions of rouble notes, and by 1917 inflation had sent prices up to four
times what they had been in 1914. The peasantry
were consequently faced with the higher cost of purchases, but made no
corresponding gain in the sale of their own produce, since this was largely
taken by the middlemen on whom they depended. Personally I feel there is a direct parallel
between this and the conduct of major Wall Street brokerage firms as well as
the Insurance industry. Anyway, the
farmers started to hoard their grain and reverted to subsistence farming.
Therefore, the cities were constantly short of food. At the same time, rising prices led to
demands for higher wages in the factories, and in January and February 1916
revolutionary propaganda, aided by German funds, lead to widespread strikes.
The outcome of all this, however, was a growing criticism of the government
rather than any war-weariness. These
factors had given rise to a major loss of confidence in the Tsar’s regime by
1916.
Factory
working conditions were abysmal. Yet, at
the same time, urban industrial life was full of benefits. There were many
encouragements to expect more from life. Acquiring new skills gave many workers a sense
of self-respect and confidence, heightening expectations and desires. Living in cities, workers encountered material
goods such as they had never seen while in the villages. Most importantly,
living in cities, they were exposed to new ideas about the social and political
order. Dissatisfaction with Russian
autocracy culminated in the huge national upheaval that followed the Bloody Sunday massacre of January 1905, in
which hundreds of unarmed protesters were shot by the Tsar's troops. Workers
responded to the massacre with a crippling general strike, forcing Nicholas to
put forth the October Manifesto, which established a
democratically elected parliament (the State Duma). The Tsar undermined this promise of reform a year
later and dismissed the first two Dumas when they proved uncooperative. Unfulfilled hopes of democracy fueled
revolutionary ideas and violent outbursts targeted at the monarchy.
Cue the
organ music and bring us to the present.
We now have yet another parallel where we have recent polls expressing
the levels of satisfaction the general population has towards their elected
representatives. According to a recent
gallup poll, the highest the satisfaction rating has risen was up to 24%. This, however was right after Bin Laden was
killed. It has since returned to its
previous 17%.
There are direct dots to connect. The people of the United States who are
considered the upper echelon, the elite, if you will, probably occupy
substantially more than the 1% the Occupiers currently claim. But it certainly does not reflect a proper
division between lower, middle and upper class citizens. Ninety-nine per cent is not an even remotely
accurate depiction of the division of disaffected and disenfranchised citizens.
But you get their point. The disenfranchised are the majority. Just like in France in the 1780s. Just like pre Revolution Russia.
Look at what has happened when the masses have
been ill treated and down trodden. Look
at the historical facts where ruling classes have chosen to either ignore the best
interests of their constituency or have chosen the easy path of catering to
their well heeled backers.
First of all, we should recognize that the
ground work is being laid for a wholesale revolution. Secondly, our elected representatives would
be best served to take heed and recognize that the rumblings history has
created and voiced many times before are becoming more resonant on a daily
basis.

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