Voice from the rooftop logo
Menu
  • World
  • India
  • USA
  • Sports/Games/Cricket
  • Media
  • Education
  • Christianity
  • Corruption
  • Terrorism
Menu

Occupy Wall Street

Posted on October 6, 2011 by Vincent Augustine D'Souza

For long Americans witnessed scenes of demonstrations in Arab countries and talked of Arab Spring. Now they witness scenes of demonstrations in their own country and they can talk of American Autumn. There is protest against corporate greed and bail outs. Billions of dollars were given in bail outs and officials responsible for losses got millions of dollars in bonuses. Unemployment is high in USA. Officially it is close to 10%. The unemployed are not ready to put up with a system that rewards failures.

Some Americans favour taxing Chinese imports. China is not the only country to engage in currency manipulation but China’s currency manipulation has hit USA the most and has resulted in huge trade deficits and job losses.

Some consider Occupy Wall Street movement as left reaction to rightist Tea party movement. Three years after the depression of 2008 there is fear again of another depression. Some do not want to call it depression and say double dip recession.

Imposing anti-dumping duties on imports from countries that devalue their currencies will help Americans to some extent. It will not help in getting jobs that have gone to other countries due to outsourcing like call centres, medical transcription and legal documentation.

It is nice to watch Americans demonstrating against injustices in their country. Democracy is more than elections. Corporatism and democracy cannot go together.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trump Novel Vincent Augustibe D'Souza
Dream Novel Vincent Augustibe D'Souza
Pope Novel Vincent Augustibe D'Souza
King Novel Vincent Augustibe D'Souza

Recent Posts

  • Disha Gets Bail
  • Budget 2021
  • Republic Day 2021
  • Brisbane Test 2021
  • Nidhi Razdan Duped

Recent Comments

  • mark on Death of Phillip Hughes
  • Matheikal on Budget 2021
  • Matheikal on Republic Day 2021
  • Tomichan Matheikal on Washington Violence
  • Rajeev Moothedath on India 36 all out

Categories

  • America (50)
  • Christianity (33)
  • Corruption (44)
  • Cricket (59)
  • Education (14)
  • General (75)
  • India (721)
  • Media (32)
  • Pakistan (20)
  • Sports and Games (30)
  • Terrorism (30)
  • World (68)

RSS Go 4 Quiz

  • Ingrid Bergman Quiz
  • List of “The Nobel Prize in Physics” Winners
  • Margaret Mitchell Quiz
  • Bertrand Russell Quiz
  • Carl Sandburg Quiz
  • Katherine Hepburn Quiz
  • Austen Chamberlain Quiz
  • Robert Frost Quiz
  • Slumdog Millionaire Quiz II
  • Edward Victor Appleton Quiz
Model Constitution for India by Vincent Augustine D'Souza
Model Constitution for India by Vincent Augustine D'Souza
English-Konkani Dictionary by Vincent Augustine D'Souza
English-Konkani Dictionary by Vincent Augustine D'Souza
Model Constitution for the United States of America by Vincent Augustine D'Souza
Model Constitution for the United States of America by Vincent Augustine D'Souza
©2021 Voice from the rooftop | Made By Superb Themes