Sorry!! The article you are trying to read is not available now.

"Facebook Revolution" Heads for Wall Street

Print comment Post Comments

Adbusters, a " global network of culture jammers and creatives working to change the way information flows, the way corporations wield power, and the way meaning is produced in our society," is calling for "redeemers, rebels, radicals and utopian dreamers" to occupy Wall Street, Tahrir Square-style:

On September 17, we want to see 20,000 people flood into lower Manhattan, set up tents, kitchens, peaceful barricades and occupy Wall Street for a few months. Once there, we shall incessantly repeat our one simple demand until Barack Obama capitulates.

A virtual assembly is happening now on Facebook, Twitter, Reddit and in the comment section below… join in as we figure out what it will be. Then let's screw up our courage, pack our tents and head to Wall Street with a vengeance on September 17.

Can it happen here? Or, rather, does protest still have any currency in America?

Christopher Mims of the MIT Technology Review isn't entirely convinced.

Writes Mims:

There isn't even a clear purpose for the protests, yet -- in typical Internet fashion, the "one demand" of protesters" is still being crowdsourced. (As of this writing, "revoke corporate personhood" is leading by a wide margin, and "abolish capitalism" is a distant second.) There is, however, exactly the sort of steady, grinding economic agita that has inspired protests elsewhere in the world.

America tried to avert an economic catastrophe, and it's possible we failed -- that all the quantitative easing in the world can't stop the algorithmic traders on Wall Street from crashing the pensions of whichever Americans still believed they possessed any wealth. Is that enough to inspire 20,000 people to show up in downtown Manhattan after having encountered one another nowhere but the Internet? Looks like we've got a month to find out.

If the redeemers, rebels, radicals, et al of lower Manhattan (and elsewhere, as is in the process of setting up a carpool feature for out-of-town utopian dreamers) can't pull this off, perhaps the similarly disaffected "jammers" Adbusters is trying to mobilize around the world will.

POSITION:  No positions in stocks mentioned.