FOLLOW US ON:
GET THE NEWSLETTER
CONTACT US
BBC stock trader real sociopath, not fake one, say Yes Men


 
The Yes Men’s Andy Bichlbaum lays speculation to rest that Alessio Rastani was put up to his nihilistic remarks about the predation of Wall Street stock traders on BBC News on Monday by the Yes Men. In a statement made this morning on their Yes Lab website, Bichlbaum writes:

Rastani is not in Liberty Plaza

The Yes Men wish to commend Mr. “Alessio Rastani” for his masterful performance as “trader” on BBC World yesterday. Mr. Rastani’s real name is Granwyth Hulatberi; he once appeared on CNBC MarketWrap as a “representative” of the WTO. Well done, Granwyth! You’re getting better and better.

Just kidding. We’ve never heard of Rastani. Despite widespread speculation, he isn’t a Yes Man. He’s a real trader who is, for one reason or another, being more honest than usual. Who in big banking doesn’t bet against the interests of the poor and find themselves massively recompensed—if not by the market, then by humongous taxpayer bailouts? Rastani’s approach has been completely mainstream for several years now; we must thank him for putting a human face on it yesterday.

If you’d like to see the human face of the human perspective—the perspective of the 99% victimized by our demented and out-of-control financial system—come join the occupation of Wall Street. Michael Moore did so last night, and pointed out that in America, it’s just 400 people who own as much as most of the rest of us put together—and that when we decide we really want to change the rules of the game, those 400 people won’t be able to do squat about it.

So just as I thought, Rastani IS just a capitalist vulture feeding off the carrion that used to be the lives of the middle class!

Posted by Richard Metzger
|
09.27.2011
01:47 pm
|
Occupy Wall Street: Nobody Can Predict The Moment Of Revolution


 
Fascinating short film about the Wall Street occupation movement.

And if you haven’t read David Graber’s Guardian article, “Occupy Wall Street rediscovers the radical imagination,” then you probably should:

Is it really surprising they would like to have a word with the financial magnates who stole their future?

Just as in Europe, we are seeing the results of colossal social failure. The occupiers are the very sort of people, brimming with ideas, whose energies a healthy society would be marshaling to improve life for everyone. Instead, they are using it to envision ways to bring the whole system down.

But the ultimate failure here is of imagination. What we are witnessing can also be seen as a demand to finally have a conversation we were all supposed to have back in 2008. There was a moment, after the near-collapse of the world’s financial architecture, when anything seemed possible.

Everything we’d been told for the last decade turned out to be a lie. Markets did not run themselves; creators of financial instruments were not infallible geniuses; and debts did not really need to be repaid – in fact, money itself was revealed to be a political instrument, trillions of dollars of which could be whisked in or out of existence overnight if governments or central banks required it. Even the Economist was running headlines like “Capitalism: Was it a Good Idea?”

It seemed the time had come to rethink everything: the very nature of markets, money, debt; to ask what an “economy” is actually for. This lasted perhaps two weeks. Then, in one of the most colossal failures of nerve in history, we all collectively clapped our hands over our ears and tried to put things back as close as possible to the way they’d been before.

Perhaps, it’s not surprising. It’s becoming increasingly obvious that the real priority of those running the world for the last few decades has not been creating a viable form of capitalism, but rather, convincing us all that the current form of capitalism is the only conceivable economic system, so its flaws are irrelevant. As a result, we’re all sitting around dumbfounded as the whole apparatus falls apart.

Read more of
Occupy Wall Street rediscovers the radical imagination (Guardian)
 

Posted by Richard Metzger
|
09.26.2011
10:57 pm
|