Banking Innovations. Monetary Policy in Prosperity. Revision of the Securities Acts. Expansion of Branch Banking. The Decline of Commercial Banking. Proposals for a Government-Owned Central Bank. Bank Reserves and Credit Inflation. Bank Credit in Depression and Recovery. Closed Banks and Banking Reform. Unified Control of Banking. The Glass Banking Bill. The Guaranty of Bank Deposits.
The International Bank and the Gold Standard. Branch Banking and Chain Banking. Because it did. Meyer: Well, I mean, people come to a demonstration and a project with different ambitions. The idea and language of Occupy came from a guy named [Kalle] Lasn, who ran Adbusters magazine.
He said to get together, occupy a space, agree on a demand and then the world will change. We have to do something. People came with different priorities. Some were concerned with health care, some were concerned with student debt. Some were concerned with just this feeling of angst.
Ryssdal: Do you suppose that the impact the progressive wing of the modern Democratic Party is having here in , do you suppose that happens without Occupy? Meyer: Hard to see it. So, [Sen. Bernie Sanders] had been making the same speech for 35 years before that.
And Bernie fills in and steps into the breach. And because he did so well in the primaries — he demonstrated the appeal of the sets of policies that he was pushing — other people, candidates for office, stepped in, and you know, picked up the sheet music and started singing it their own way.
Ryssdal: All right. This is a weird question: Do you think the memory of Occupy can help carry the day for them? At the time of the outburst of these events even sympathetic observers criticised them for the lack of a programmatic statement. The London police put them alongside the threat of Al-Queda attacks in training briefings. Current findings, however, show that these events had a well-grounded relationship to economic conditions in their respective settings.
It may therefore be wiser to view them as the symptom of an underlying malaise and take their message—however vague it may be—more seriously. Economists have been documenting a steady erosion of the economic standing of the middle class in advanced industrial countries. While rising inequality and persistently low growth threatens to deepen the erosion, it is difficult to believe that this can go on indefinitely with no political consequences. In other words, even though the immediate institutional impact of the Occupy protests was difficult to discern, the wider political change in which they take part is unmistakable, and the protests may be regarded as facilitating that change.
When social movements erupt, they are often a response to contextual changes long underway. Their impact too should be located in a historical perspective that is broader than what immediate commentary has to offer. Alper H. He tweets YagciAlper. Your email address will not be published. Notify me of follow-up comments by email.
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