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POLITICAL ECONOMY
Wall Street protests spread nationwide
by Staff Writers
New York (AFP) Oct 3, 2011

"Occupy Wall Street" demonstrators stage a march past the New York Stock Exchange dressed as corporate zombies during a protest on Wall Street in New York, October 3, 2011. The protestors, speaking out against corporate greed and other issues carried on their occupation of Zuccotti Park, near the New York Stock Exchange, despite mass arrests over the weekend. Photo courtesy AFP.

They say they are inspired by revolutions in the Middle East, but protests over economic grievances in Spain and elsewhere in Europe are a closer comparison as anti-corporate demonstrations spread across the United States.

When anti-capitalist activists first unfolded sleeping bags and brandished handmade placards in a small park near Wall Street two weeks ago, they said they were following the example of Egyptian protestors in Tahrir Square.

In reality, the differences outweighed any similarities: numbers of protesters were tiny compared to Cairo, no one was attempting to bring down the government, and there was zero risk of being shot by security forces.

Yet as the Occupy Wall Street protest entered its third week Monday, it is being taken more seriously. Similar sit-in demonstrations have popped up from Boston to Chicago and Los Angeles and this week the New York protest expects to swell with support from trade unions.

So what do these would-be revolutionaries want?

Ask 10 of the mostly young, often well-educated demonstrators bedding down in Manhattan's Zuccotti Park and you might get 10 different answers.

Anger over the government bailouts of big Wall Street institutions, joblessness, student debt, global warming, police brutality: these are just for a start.

Finding a leader to speak for the group is harder still.

Even one man who could be clearly seen organizing logistics in the camp refused to admit he was in a position of responsibility.

"Everyone has a different reason and goal for being here," Anthony, 28, said.

His own, rather esoteric aim was to turn the camp around the corner from the New York Stock Exchange into permanent utopia: "a safe space autonomous from the rules from outside."

But as their numbers grow, the US protesters could yet coalesce into something more resembling a genuine protest movement.

Forget Tahrir Square. There are already close parallels in Europe, where simmering frustration and anger at the fallout from recession and financial crises have spilled onto the street.

Spain has seen mass protests dubbed the "indignant" movement against politicians' handling of the economy. Last month, thousands of leftists demanded a referendum to be held on a plan to enshrine balanced budgets in the constitution.

Similar street demos have spread across Italy, while Greece has seen major unrest as young people and government employees facing cuts in jobs, pensions and salaries take over public buildings.

A little further away, angry crowds are challenging the government with tent cities in Israel.

Apart from heavy use of social networking sites, all the demonstrations from Los Angeles to Tel Aviv share bitterness at what is seen as the disconnect between governments and ordinary people in an era of stressed budgets and economic uncertainty.

Even the riots and looting this summer in London and elsewhere in Britain are seen as being fueled by hopelessness.

In America, similar worries are reinforced by leftists' disillusion with President Barack Obama and anger on both sides of the political aisle at the political and business elite.

The Wall Street protesters had trouble getting media coverage when they began their sit-in. Not any longer -- even if their goals are still hard to define.

"It's becoming impossible to ignore and we're still here," Anthony, the organizer at Zuccotti Park, said.

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