Tuesday, October 04, 2011

Nicholas Ashford, MIT Economist re: Occupy Wall Street

The "Occupy Wall Street" protests in New York are growing into a global event. This phenomena questions basic assumptions about money, value, society, and environment. This second week of September 2011, see many main stream news stories emerging. The following extracted from http://www.csmonitor.com/USA/Politics/2011/1004/Occupy-Wall-Street-flash-in-the-pan-or-beginning-of-a-movement.

Americans should be prepared to see this movement take hold and spread, says MIT economics professor and lawyer Nicholas Ashford, author of “Technology, Globalization, and Sustainable Development – Transforming the Industrial State: Exploring the Critical Conflicts between Economy, Environment, and Employment.”
It’s not just a matter of people being “mad as hell and not taking it anymore,” he says. “It’s more crucially the dawning realization that the US economy was always built on quicksand, and that our current dismal state is not the anomaly, but the reality.”
“Instead of waiting for the economy to ‘bounce back’ to a previous state of health that was nothing but a sad illusion,” says Professor Ashford, “Washington, Wall Street, and big business need to address a strategy for moving forward from where we are,” not from where they thought we were.

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