Ralph Nader Encourages #OccupyWallStreet

Posted at Nader.org:

Consumer Advocate Ralph Nader Encourages #OccupyWallStreet Protesters to Challenge Wall Street Abuses

Statement by consumer advocate, Ralph Nader October 8, 2011

The frustration seen in the protests on Wall Street over the past few weeks demonstrates a widespread and growing citizen discontent with the two political parties in Washington, D.C. and with a political system that is dominated by corporate interests.

It is time for citizens to push their elected officials to break the corporate stranglehold on our economy. Congress should start by enacting a financial speculation tax that would help curb the wheeling and dealing on Wall Street and that could raise hundreds of billions of dollars in revenue to help with the our country’s economic recovery.

Congress has done more to bail out Wall Street than Main Street. Wall Street crooks have avoided penalties and prosecution and continued to receive bonuses and excessive compensation while pensions and savings have been looted.

Wages have remained stagnant while the largest corporations and executives have seen record profits and bonuses year after year. Congress has done little in the face of a staggering – and growing – income inequality in this country, where the top 1 percent of the population has financial wealth equal to the combined financial wealth of the bottom 95 percent of the people.

And Congress has done nothing either to disclose or stem the flow of millions of corporate dollars into the electoral process. Corporate Political Action Committees are corrupting the electoral process and blocking the voices and concerns of millions of people.

These are not the signs of a healthy democracy. Those taking part in the “Occupy Wall Street” protests and in similar protests cropping up across the country are working hard to make their voices heard. It is way overdue for the President and Congress to listen.

2 thoughts on “Ralph Nader Encourages #OccupyWallStreet

  1. history ----- on the current system .... Lake

    Protesters want world to know they’re just like us ……….

    JOCELYN NOVECK – AP National Writer – six hours

    FILE – In this Oct. 5, 2011 file photo, Occupy Wall Street protesters march to join …

    NEW YORK (AP) — As other protesters chanted vigorously around her, Nancy Pi-Sunyer stood off to the side at the Occupy Wall Street rally, clutching her sign, looking a little like a new teacher on the first day of school.

    In a way, she was: At 66, this retired teacher was joining a protest for the first time in her life.

    “I was too young for the civil rights movement,” Pi-Sunyer said earlier this week as she joined thousands of protesters marching in lower Manhattan. “And during the Vietnam War, I was too serious a student.

  2. Deran

    I’ve thought often of Ralph Nader when watching and reading abt the Occupy… movement. They’re all abt the same things Nader’s been talking abt for 15 years. Ending multinational corporations control over US elections, more democracy, more transparency, reigning in Wall Street, &c. It’s part of what drove the Greens so crazy working with him. Ralh Nader wouldn’t veer off topic. It’s good to see this movement growing around Nader’s agenda, even if it’s by osmosis.

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