Instead of griping about the greedheads of Wall Street and the rip-off financial system they’ve hung around our necks—why don’t we “Take On Wall Street”?

You don’t have to be in “Who’s Who” to know what’s what. For example, if tiny groups of Wall Street bankers, billionaires and their political puppets are allowed to write the rules that govern our economy and elections, guess what? Only bankers, billionaires and puppets will profit from those rules.

That’s exactly why our Land of Opportunity has become today’s Land of Inequality. Corporate elites have bought their way into the policy-making backrooms of Washington, where they’ve rigged the rules to let them feast freely on our jobs, devour our country’s wealth and impoverish the middle class.

“Take On Wall Street” is both the name and the feisty attitude of a nationwide campaign that a coalition of grassroots groups has launched to do just that: Take on Wall Street. The coalition, spearheaded by the Communication Workers of America, points out that there is nothing natural or sacred about today’s money-grabbing financial complex. Far from sacrosanct, the system of finance that now rules over us has been designed by and for Wall Street speculators, money managers, and big bank flim flammers. So—big surprise—rather than serving our common good, the system is corrupt, routinely serving their uncommon greed at everyone else’s expense.

There’s good news, however, for a growing grassroots coalition of churches, unions, civil rights groups, citizen activists and many others are organizing and mobilizing us to crash through those closed doors, write our own rules and reverse America’s plunge into plutocracy. The “Take On” campaign has the guts and gumption to say enough! Instead of continuing to accept Wall Street’s plutocratic perversion of our democracy, We The People can rewrite their rules and reorder their structures so the system serves us.

For starters, the campaign has laid out a five-point people’s reform agenda and are now taking it to the countryside to rally the voices, anger, and grassroots power of workers, consumers, communities of color, Main Street, the poor, people of faith… and just plain folks. The coalition is holding information and training sessions to spread the word, forge local coalitions, and learn how we can get right in the face of power to create a fair finance system that works for all. The coalition’s structural reforms include:

  • Getting the corrupting cash of corporations and the superrich out of our politics by repealing Citizens United and providing a public system for financing America’s elections.
  • Stopping “too big to fail” banks from subsidizing their high-risk speculative gambling with the deposits of us ordinary customers—make them choose to be a consumer bank or a casino, but not both.
  • Institute a tiny “Robin Hood Tax” on Wall Street speculators to discourage their computerized gaming of the system, while also generating hundreds of billions of tax dollars to invest in America’s real economy.
  • Restore low-cost, convenient “postal banking” in our Post Offices to serve millions of Americans who’re now at the mercy of predatory payday lenders and check-cashing chains.

​There’s an old truism about negotiating that says: “If you’re not at the table, you’re on the menu.” The “Take On Wall Street” campaign intends to put you and me—the People—at the table for a change.

Jim Hightower is a national radio commentator, writer, public speaker and author of the book Swim Against the Current: Even a Dead Fish Can Go With the Flow (Wiley, March 2008). He publishes the monthly Hightower Lowdown, co-edited by Phillip Frazer.


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Jim Hightower has been described as that rarest of species: "A visionary with horse sense and a leader with a sense of humor." Today, Hightower is one of the most respected "outside Washington" leaders in the United States. Author, radio commentator and host, public speaker and political sparkplug, this Texan has spent more than two decades battling Washington and Wall Street on behalf of consumers, children, working families, environmentalists, small business and just-plain-folks. Right out of college, Hightower went to work as a legislative aide to Texas Senator Ralph Yarborough, a tireless liberal/populist stalwart in a cranky, often conservative state. In the early 1970s he headed up the Agribusiness Accountability Project, writing several books and testifying to Congress about the human costs of corporate profiteering and the value of sustainable, healthy, cooperative farming. From 1977 to 1979, he edited the Texas Observer, a thorn in the side of Texas Neanderthal politicians and a hotbed of first-rate journalism. In 1982, Hightower was elected Texas Agriculture Commissioner and then re-elected in 1986. The statewide post gave him a chance to fight for the kinds of policy and regulatory initiatives on behalf of family farmers and consumers he had long advocated. It also gave him visibility in national political circles, where Hightower became a prominent supporter of the Rainbow insurgencies within the Democratic Party in the 1984 and 1988 elections. In 1997 Hightower released a new book, There`s Nothing In The Middle Of The Road But Yellow Stripes And Dead Armadillos. Hightower continues to produce his highly popular radio commentaries and to speak to groups across the country. His newest venture is a monthly action-newsletter, The Hightower Lowdown, which will provide his unique populist insights into the shenanigans of Washington and Wall Street -- offering subscribers timely information, arguments and language to use in battling the forces of ignorance and arrogance. HIGHTOWER RADIO: Live from the Chat & Chew, a radio call-in show, debuted Labor Day, 1996, and continues to be a success with over 70 affiliates nationwide. This show includes a live audience, musicians, guests, and callers with a progressive populist perspective unheard anywhere else on the airwaves. Updates and more details about Hightower and his projects can be found on the World Wide Web at http://www.jimhightower.com.

 

2 Comments

  1. There is one big problem with all of this. Citizens of the world are the product of a society that in average invest no more than a 3.5% of the GDP on education. To be fair enough let say 90% of the people are into that box. Try to convince them!. Try to make them understand this reality, and believe me one minute after you achieve that, a politician will stand on a podium with a nice tie, suit and a hope’s speech and they gonna buy it. The reason is, that people have the government they deserve. Governments and Wall Street are no other thing that people’s reflection. Politicians and bankers come from our society not from mars. What we need is people who can use their brains properly.
    Churches, unions, civil rights groups…lol, the majority of the people that compose those movements, are part of the real problem, people who are just looking for perks. Of course you gonna find good people among them, but again, the majority, the product of a society that invest 3.5% of the GDP on education. So, the only weapon Wall Streets and the establishment will need is an Obama sequel or a Bernie Sanders to keep the system going around for ever and doing reversible superficial changes from time to time to just perpetuate the system.
    Just smart people, with moral character, capable of getting off the grid and abandoning this consumerist and superficial way of life can fight back multinationals. But for that, they gonna need to be the majority, and we are far far faraway from that.

  2. How can Hightower talk about “Our Economy” without even mentioning its chief structural aspects: neoliberal capitalism and global imperialism?

    If a leading progressive voice cannot name these structures and processes, how can the “regular folks” he purportedly speaks to/with ever develop a language for grappling with the central economic realities of our lives?

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