The idea that increased unemployment and a vast and growing gap between a rampaging oligarchy and the rest of the population could lead to riots and other forms of trouble in the US is something that some of us have been warning about for some time. But it was still startling to hear someone in the oligarchy like the mayor of New York Michael Bloomberg say the same thing. He suggested that the popular uprisings that happened in Egypt and Spain could happen here too. Of course, he thinks that this would be a bad thing, but the fact that a member of the oligarchy saw the potential of such a thing happening here is significant.
He said this just before the Occupy Wall Street movement began on September 17 to create a permanent protest site to block off Wall Street. Initially they were stopped by the police but they managed to overcome that obstacle and have now set up permanent camp. Glenn Greenwald says there are signs that the oligarchy is getting nervous and they are, as usual, using their lackeys in the establishment media to try and belittle and undermine the protests.
[Read more…]