Lably
Skip to content

Related on Lably

Through Social movement, Democracy and Social justice

The first "Occupy" protest to receive widespread attention, Occupy Wall Street in Zuccotti Park, Lower Manhattan, began on 17 September 2011. By 9 October, Occupy protests had taken place or were ongoing in over 951 cities across 82 countries, and in over 600 communities in the United States. Although the movement became most active in the United States, by October 2011 Occupy protests and occupations had started in dozens of other countries across every widely inhabited continent. For the first month, overt police repression remained minimal, but this began to change by 25 October 2011, when police first attempted to forcibly remove Occupy Oakland. By the end of 2011 authorities had cleared most of the major camps, with the last remaining high-profile sites – in Washington, D.C., and in London – evicted by February 2012.

The Occupy movement took inspiration in part from the Arab Spring, from the 2009 Iranian Green Movement, and from the Spanish Indignados Movement, as well as from the overall global wave of anti-austerity protests of 2010 and following. The movement commonly used the slogan "We are the 99%" and the #Occupy hashtag format; it organized through websites such as the now defunct Occupy Together. According to The Washington Post, the movement, which Cornel West described as a "democratic awakening", is difficult to distill to a few demands. On 12 October 2011, the Los Angeles City Council became one of the first governmental bodies in the United States to adopt a resolution stating its informal support of the Occupy movement. In October 2012, Andy Haldane the Executive Director of Financial Stability at the Bank of England stated that the protesters were right to criticise and had persuaded bankers and politicians "to behave in a more moral way".

Background

In 2009 and 2010, students across the University of California occupied campus buildings in protest against budget cuts, tuition hikes, and staff cutbacks that had resulted from the Great Recession of 2008. According to Dissent Magazine, "It was in the context of the California student movement that the slogan 'Occupy Everything, Demand Nothing' first emerged." The Huffington Post noted that, "During one incident in March of 2010, 150 protesters were arrested for trying to occupy part of Interstate 80 in protest of the budget cuts and tuition hikes, displaying a banner that read 'Occupy everything,' while shutting down the roadway for an hour, and were crushed by the same kind of overwhelming police force that was later mobilized against Occupy encampments across the country." Adbusters editor Micah White, who designed the original Occupy Wall Street concept, traveled to California for the protests and took part in the occupation of Wheeler Hall. In an article for Adbusters, he wrote with enthusiasm about the "revolutionary potential of [the students'] struggle".

The Spanish Indignados movement began in mid-May 2011, with camps at Madrid and elsewhere. According to sociologist Manuel Castells, by the end of the month there were already hundreds of camps around Spain and across the world. For some journalists and commentators the camping in Spain marked the start of the global occupy movement, though it is much more commonly said to have begun in New York during September. On 30 May 2011, a leader of the Indignados, inspired by the Arab Spring, 5.18 Movement of 1980, and June Democracy Movement of 1987 called for a worldwide protest on 15 October. In mid-2011, the Canadian-based group Adbusters Media Foundation, best known for its advertisement-free anti-consumerist magazine Adbusters, proposed a peaceful occupation of Wall Street to protest corporate influence on democracy, address a growing disparity in wealth, and the absence of legal repercussions in the 2008 financial crisis. Adbusters co-founder Kalle Lasn registered the OccupyWallStreet.org web address on 9 June. According to Micah White, the senior editor of the magazine, "[we] basically floated the idea in mid-July into our [email list] and it was spontaneously taken up by all the people of the world, it just kind of snowballed from there."

One of the inspirations for the movement was the Democracy Village set up in 2010, outside the British Parliament in London. The protest received additional attention when the internet hacker group Anonymous encouraged its followers to take part in the protests, calling protesters to "flood lower Manhattan, set up tents, kitchens, peaceful barricades and Occupy Wall Street". They promoted the protest with a poster featuring a dancer atop Wall Street's iconic Charging Bull. The first protest was held at Zuccotti Park in New York City on 17 September 2011, the tenth anniversary of the re-opening of Wall Street trading after the 11 September 2001 attacks. The protests were preceded by a similar Occupy Dataran movement in Kuala Lumpur in July, seven weeks before Occupy Wall Street.

"We are the 99%" slogan

The phrase "The 99%" is a political slogan used by participants in the Occupy movement. It was originally launched as a Tumblr blog page in late August 2011. It refers to the concentration of wealth among the top 1% of income earners compared to the other 99 percent; the top 1 percent of income earners nearly tripled their after-tax income over the last thirty years, according to a Congressional Budget Office (CBO) report.

The report was released just as concerns of the Occupy Wall Street movement were beginning to enter the national political debate. According to the CBO, between 1979 and 2007 the incomes of the top 1% of Americans grew by an average of 275%. During the same time period, the 60% of Americans in the middle of the income scale saw their income rise by 40%. Since 1979 the average pre-tax income for the bottom 90% of households has decreased by $900, while that of the top 1% increased by over $700,000, as federal taxation became less progressive. From 1992 to 2007 the top 400 income earners in the U.S. saw their income increase 392% and their average tax rate reduced by 37%. In 2009, the average income of the top 1% was $960,000 with a minimum income of $343,927.

In 2007, the richest 1% of the American population owned 34.6% of the country's total wealth, and the next 19% owned 50.5%. Thus, the top 20% of Americans owned 85% of the country's wealth and the bottom 80% of the population owned 15% —an example of the Pareto principle. Financial inequality (total net worth minus the value of one's home) was greater than inequality in total wealth, with the top 1% of the population owning 42.7%, the next 19% of Americans owning 50.3%, and the bottom 80% owning 7%.

However, after the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%. The Great Recession also caused a drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%, further widening the gap between the 1% and the 99%. During the economic expansion between 2002 and 2007, the income of the top 1% grew 10 times faster than the income of the bottom 90%. In this period 66% of total income gains went to the 1%, who in 2007 had a larger share of total income than at any time since 1928. This is in stark contrast with surveys of U.S. populations that indicate an "ideal" distribution that is much more equal, and a widespread ignorance of the true income inequality and wealth inequality.

Sign in to keep reading

9 more chapters are free with a Lably account.

More in Contemporary