We are currently living through an extraordinary phase of history - an ever deepening financial crisis, produced by an unregulated financial system, similar in many respects to the Great Crash of 1929. In 1929, there was a political response to the crisis that led to a tight regulation of the financial system.
Since September 2008 a political response from society to the chaos the financial system is imposing on society has been absent. In its place, the architects of the chaos present us with an absurd proposition: the cause is the solution. The absence of regulation caused the crisis, so lets have even less regulation!
The Occupy Wall Street movement, created by citizens and sections of the union movement, are filling a void. In challenging the bastion and symbol of global financial power, their struggles on the streets of New York and other cities, are struggles for the whole of humanity.
If Wall Street is regulated, if the toxic speculative products such as Credit Default Options (CDOs) are banned; if investment banks are separated from mainstream banking and if controls over their operations are rigorous, the system will restabalize.
Let the democratic union movement and other social forces debate and formulate a set of immediate demands, communicate these globally and work towards backing these demands with resistance until the politics changes.
Unless we move in this direction, the process of dispossession will continue to be more widespread as jobs and homes are lost, pensions wiped out and secure work a thing of the past.
Let us support the 'Occupy Everything' movement. 'This is not symbolic. This is resistance. This is an anti-dispossession movement'