The America's extreme capitalism that is based on corporate greed, unlimited profits and lack of human face is crumbling today under the weight of the 99% movement. This political movement known as the "Occupy Wall Street" that is backed up heavily by the 99% of Americans is growing in its leaps and bounds. Today, more than 360 cities across the 50 states of America felt their impacts heavily. This movement of the middle class and the poor Americans are fully determined to fight against corporate greed, corrupt Washington DC politics and for economic justice and fairness for all Americans.
At the moment, 14 million Americans are unemployed, another 10 million Americans are under-employed and 10 million home owners are under water and face foreclosures. The wealth of the top 1% or 425,000 richest Americans have grown by over 300% in the last 30 years and now controls 40% of the nation's wealth, while the wealth of the middle class Americans or 99% movement grew by only 20% in the same period.
The six richest banks in America today (Bank of America, J. P. Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) controls 70% of the nation's GDP or $8 trillion. The corporations in America are today sitting on an idle cash of over $2 trillion that if invested into this struggling economy, this investments will create millions of jobs for the unemployed Americans.
This movement has shaken the powers that be to their cores in the America's powerful political and economic systems. This movement has come to stay and will play a role in the midterm and the presidential elections of 2012. This movement is a replica of the civil rights movement in the 1960s that changed America for good. Time will surely tell.
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