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Eavesdropping on an OWS Economics Lesson (Video)

Eavesdropping on an OWS Economics Lesson (Video)

Occupy Wall Street has another side that goes beyond protest — and it hasn’t shown up on television news programs.

That element?  The ongoing efforts of people talking and trying to understand how we got into this mess and the various ways out.

There are economists who speak on television, and then there are the ones who are taking what they have learned and bringing it to the various Occupy Wall Street teach-ins for discussion.

This is an example of one of those conversations.

These are not easy conversations to have, but they are taking place across the country and the world as we start to talk about alternatives to money systems, resource allocation and economic survival.

 

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Photo Credit Info: Screen Capture from the video Education in Economics at Wall Street by Carlo.

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12 comments

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5:29PM PDT on Oct 28, 2011

Thanks for the article.

5:34AM PDT on Oct 28, 2011

@Lee E. Yes, I think you have a point, it was greed and a lack of business ethics that caused much of the kaos on Wall Street.

It was not un-legal to sell to people who did not have the ability to pay their basic bills let alone buy a house.(Not absolving those folks of their responsibility to be informed. However, there was heavy pressure to have folks buy homes via ads, community papers and other media) It was un-ethical to pass those toxic loans from buyer to buyer.

It is un-fair that we the people had to bail out banks and financial firms to partially clean up their mess. We still have mortgage toxicity in the financial system that the banks can't absorb. No one has a clue what to do about that. That wave is coming around again.

I'm not for getting rid of capitalism but I don't think it has to be the only economic system we can make use of. We do need options.

9:04AM PDT on Oct 26, 2011

Very informative on the conditions people are going thru in these rough time. I think they're doing the right thing.

9:21PM PDT on Oct 25, 2011

About time.

3:43PM PDT on Oct 25, 2011

So, there are “on-the-streets-seminars.” If I was not trying to hang on to my underemployed position, I would get involved and enjoy the free economic lessons!

9:40AM PDT on Oct 25, 2011

Thumbs up to the economist who have gone down to speak with OWS and who have gotten on T.V. to speak to the american people. We are listening. We like what we are hearing.

7:47AM PDT on Oct 25, 2011

OWS is bringing many things to the attention of the people and the politicians.

9:41AM PDT on Oct 24, 2011

I heartily approve the incorporation of teach-ins, both for internal, self-education and for public education; but meaningful teach-ins require a reasonable level of prior learning by the leaders, or, since the concept of leader is anathema to many in OWS, facilitators. I'm not getting a sense of much prior learning from this sample.

9:04AM PDT on Oct 24, 2011

It is worse than I thought.
I mean, it is good that young people are discussing stuff. But please ... green economy or being a family will not cut it, at least for now. It needs radical treatment.

Family ... some conservatives like Paul Ryan are the followers of Ayn Rand, for the God's sake. He forces his staff to read "Atlas Shrugged". For those who are new to it, it is a bible of objectivism - an ultimately individualistic philosophy and ethics. It declares, basically, that only what is useful to me matters and sharing a cent with a poor will bring the world down.

Alan Greenspan was the member of Ayn Rand's inner circle some time in the 60-s. This is where they come from ... Family ... Tell them about green economy.

The value of OWS is that it is letting them know that they - people in power- aren't completely free to do whatever the hell they want and there might be an ugly ending to that.

I hope that it goes forward.



8:28AM PDT on Oct 24, 2011

Interesting discussion! I don't think we have to abandon capital altogether, I think we need MORALITY - an understanding of greed (money is the root of all evil) psyche; that places regulations on finance and enhances morality and compassion to society, and not 'the biggest bully wins' attitude that prevails - in every area of life - especially here in the USA!

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