corruption and the 99 %

Indeed, what is happening in India is not exclusive to it; in some ways the redistribution of wealth and its concentration at the upper end is happening in a major chunk of the planet we inhabit, following the same economic doctrines. The forms of popular resistance to it are also similar — outside the framework of the legal and institutional systems. The slogan “We are the 99 per cent” originated in New York as did the “Occupy Wall Street” movement, although it did not impact the U.S. polity substantially. But growing awareness of the inequities of the paths of growth around the world is in itself a significant phenomenon denoting a restlessness that is often a precursor to encompassing metamorphoses. Even now, a different regime of economy is being experimented within parts of Latin America, to an extent in Brazil, but especially in Venezuela.




http://www.thehindu.com/opinion/op-ed/making-it-for-the-people-again/article3992241.ece?homepage=true

                                "TAKE A SHOT AT OPULENT LIFESTYLE". Kathmandu

In the last half of the 20th century, the American economy promised the realization of a “dream” of universal home ownership and a veritable cornucopia of consumer goods. The coveted, high-consumption ideal of unparalleled material comforts, based as it was on easy credit, offered the two-car garage and the three-bedroom house.  But by the 1990s, with almost one motor vehicle per adult and domestic oil fields largely depleted, the economy had become addicted to an endless ocean of foreign oil.  As U.S.-based oil companies further extended their tentacles globally, a bloated U.S. War Machine-in-overdrive laid waste to entire countries, creating incalculable human suffering in its quest to secure access to the oil which fed an insatiable Moloch called the “American Way of Life.”

http://dissidentvoice.org/2012/10/blood-oil-and-the-american-dream/