Rage on Wall Street
Will the US administration manage to defuse protesters’ anger over the crumbling economy and ‘corporate greed’?
It has been more than two weeks since demonstrations erupted against banks and corporations across the US, and protesters in New York’s financial district are vowing to continue their action after hundreds of them were arrested.
The group called Occupy Wall Street says it is planning a major rally on Wednesday as it continues its protests against corporate greed, wealth inequality, high unemployment and home foreclosures.
What are the root causes behind the protests? What do demonstrators hope to accomplish? And will the US administration manage to defuse the rage?
Inside Story, with presenter Divya Gopalan, discusses with: Dean Baker, the co-director of the Center for Economic and Policy Research in Washington; Charlie Wolf, a conservative political commentator; and Camille Rivera, a Wall Street demonstrator from the United New York Organization.
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“What you are seeing right now is unemployed people, you are seeing people from across the city, from across the country going out there and sending a message saying ‘enough is enough. Big banks and corporations need to take responsibility’. People are tired of going into their pockets and suffering from what is not their responsibility, but the responsibility of our government to help us create jobs. And these people want to go back to work, they are tired of being abused.” Camille Rivera, a Wall Street demonstrator |