Tag Archives: Bill Black

Bill Moyers on Occupy Wall Street

This video shows the dilemma: individuals only count as consumers, voters and, possibly, as demonstrators.

What else is there to do? How can “we, the people” stop what Occupiers identify:

  • the 1% have dominant political power over both parties
  • Bill Black, a senior federal regulator and lecturer in economics and law, who says that what we have is

recurrent intensifying financial crises, driven by elite fraud, and now it’s done with almost absolute impunity.

We seem to have lost our capacity for outrage.

To me, Bill Black’s level of analysis is more relevant than Bill Moyers’. But nearly everybody seems to have a hard time getting to the essence of what money is and who creates it – for what purpose…