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Sunday, November 20, 2011

Unrest all over the place

People, mostly young people, are objecting to the status quo in many parts of the world. In Syria several thousand have died so far in the past 8-9 months in what originally appeared from here to be a bloody one-sided battle to suppress them, but lately has seemed more like an armed insurrection or possibly a civil war. In Egypt, especially in Cairo, there have been a few deaths and some bloody heads and bruised bodies. In the USA and here in Canada there have been a few bruised bodies and bloodied heads as police dismantle camps of the "Occupy" movement that has spread widely from its origins in Lower Manhattan. The aims of this movement may be a tad fuzzy, but the reason for it is clear enough to me: if I were younger, I'd be out there supporting them myself. Educated 20-somethings can see little or no hope that they will be able to fulfill their aspirations, achieve income and positions comparable to those of their parents. To a large extent their parents' and grandparents' generation are to blame for this, or rather their anonymous investment advisers and pension plan managers are. They are responsible for dismantling industries in USA and Canada, shifting them to China, Mexico, India where large labour pools were waiting, and employers didn't have to contend with pesky occupational safety or environmental laws and when somebody got injured on the job, they could be "let go" - discarded and replaced without any fuss. Then there's the problem of criminal bankers and financiers who looted prosperous industries, stripped assets and destroyed whole sectors of the economy along with the jobs therein; and of course in the USA this included sub-prime mortgages, which meant that tens or hundreds of thousands of families became homeless when the mortgages were foreclosed. No doubt some of the "Occupiers" come from that background. What sickens me about this is that the American bankers and financiers who did this have destroyed their nation's economy, poisoned the well so there's unlikely to be an economic recovery any time soon, paid themselves huge bonuses; and the legislators they bought rigged the tax system so they pay less tax than people with much lower incomes. And none of them went to jail. It's a cruel world that doesn't deserve to survive. I hope the "Occupy" movement generates enough outrage to put an end to this soon, and that the wicked get their just deserts, preferably while I'm still around to relish the spectacle.

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