It has been one decade since a group of protesters filled a small, private, grassless park in lower Manhattan and began a weekslong occupation meant to draw attention to inequality and the monolith that is Wall Street’s financial firms.
The fury that “Occupy Wall Street” evinced against investment banks, hedge funds and fat cats in general is no longer being communicated by bullhorns, rhythm sticks, free libraries, and patchouli-scented lists of grievances for JPMorgan Chase’s CEO Jamie Dimon. Because 10 years later that populist rage can be found inside the stock market where retail traders have picked up the baton to wage a very different, and more efficacious, sit-in on Wall Street, within the digital realm.
For almost two months, the 33,000-square foot Zuccotti Park became the epicenter of the post-financial crisis debate in America.
The self-professed “99%” spent those weeks obstinately making their point that 1% of the world’s population controlled outsize global wealth and that the U.S. financial system had become a catalyst and source for the ever-widening gap between the haves and havenots.
When the New York Police Department cleared the final protesters from Zuccotti on Nov. 15, it informally put an end to “Occupy Wall Street,” but the hoses that scoured the black shiny pavement, aiming to wash away the grime, didn’t quash the movement.
It merely shifted it to digital realm, with protesters resurfacing in a new tech culture built on “borrowing” and sharing, the...
Read Full Story: https://www.marketwatch.com/story/the-occupy-wall-street-spirit-is-alive-and-kicking-on-reddit-other-social-media-sites-11631922193
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