From the Korean Central News Agency:
Pyongyang, October 18 (KCNA) — The working masses’ struggle against capitalism was staged all at once across the world on Oct. 15 and 16. This was the biggest organized one ever in history of capitalism spanning more than 300 years.
Taking part in it were millions of people from all walks of life in more than 1 500 cities in 80 odd countries.
This struggle was erupted at Wall Street in Manhattan of New York in the United States, the heart of the capitalist economy and a synonym for monopolistic capital on Sept. 17. Under the slogan of “Occupy Wall Street!” dozens of protestors set up tents outside a stock exchange in New York to go into an action of protest. This turned in a twinkle to a chain movement across the U.S. including Washington, Boston, Los Angeles and San Francisco.
The following article by Masao Suzuki is the first in a three article series from Fight Back! News:
Occupy Boston march, Oct. 10. (Fight Back! News/Staff)
Across the country, the movement sparked by Occupy Wall Street has caught fire. This movement, identified by the slogan, “We are the 99%” targets the 1% of rich and powerful who are running the country for their interests and profit, at the expense of the rest of us who face high unemployment, lower wages, soaring tuition costs, home foreclosures and lack of affordable health insurance. In addition, servants of Wall Street are pushing to dismantle Social Security and Medicare and to raise taxes on the poor while cutting taxes even more on the rich. They say that they have no money, but are sending bombers and troops to more and more countries, so that military spending is now the single largest expense of the federal government, costing more than $800 billion a year.
So who are the 1%? Continue reading
Protestors shout slogans during a rally outside Houston's City Hall Thursday, Oct. 6, 2011. Hundreds of protesters took to the streets in Dallas, Houston and Austin on Thursday as cities around Texas joined the Occupy Wall Street demonstrations demanding an end to corruption in politics and business. (AP Photo/Pat Sullivan)
The following editorial is from Fight Back! News:
On Sept. 30, the Economic Cycle Research Institute (ECRI) publicly stated that the United States economy was tipping into a new recession. This adds to the growing evidence of a serious slowdown in the U.S. economy, including the zero job growth and falling personal income in August as well as falling prices and sales of homes in August.