From daily The Morning Star in Britain:
Occupy highlights ballooning profits at World Economic Forum
Wednesday 25 January 2012
by Tom Mellen
Occupy activists used giant red weather balloons to mount a flying protest over the venue of the fat-cat World Economic Forum in Davos, Switzerland, today.
About a dozen protesters sent up a banner reading: “Hey WEF, where are the other 6.9999 billion leaders?” to protest over their exclusion from the high-security event high in the Swiss Alps where CEOs and politicians meet to discuss how to shore up their exploitative economic system.
Protester Amadeus Thiemann, an engineer from Zurich, said: “We believe that the leaders at World Economic Forum are just trying to implement new systems to maximise their profits, not to help the world.”
Later in the day civil society groups including Amnesty International staged a protest against corporate greed, warning that government failure to effectively regulate big business is pushing the world’s poorest further into absolute poverty.
“Occupy WEF” has also built a small igloo village outside the security perimeter.
Inside the swanky conference venue Carlyle Group co-founder and managing director David Rubenstein said world leaders must work fast to overcome the current crisis or else different social systems, such as that being developed in China, may triumph.
“As a result of this recession, that’s lasted longer than anyone predicted and will probably go on for a number more years, we’re gonna have a lot of economic disparities,” Mr Rubenstein warned.
“We’ve got to work through these problems – if we don’t do in three or four years the game will be over for the type of capitalism that many of us have lived through and thought was the best type.”
Bank of America‘s CEO Brian Moynihan called on people to get used to boom-and-bust cycles, noting that they are an integral feature of the capitalist system.
Thousands of environmental campaigners and trade unionists shared ideas on how to change the world in favour of the “99 per cent” with members of Spain’s “Indignant” movement and US Occupy Wall Street activists today on the second day of the World Social Forum in Porte Alegre, Brazil.
Members of Brazil’s left-wing government have been getting stuck into the debates alongside progressive activists such as journalist Ignacio Ramonet, Chilean Communist and student leader Camila Vallejo and musician Gilberto Gil.
Ruth Ramos of the Lima Homosexual Movement said: “What brings us all together is the struggle against capitalism. It is very important for us to work together.”
Social and political crisis hangs over World Economic Forum in Davos: here.
Two dozen arrested in San Francisco, California Occupy march: here.
Brazilian President Dilma Rousseff slammed the “failed recipe” of neoliberalism on Thursday in a speech to the World Social Forum in Porto Alegre and proposed an alternative “development model capable of linking growth and poverty eradication”.
Occupy London protesters vowed to take their case to the European Court of Human Rights after judges refused permission today to challenge an order evicting them from their camp at St Paul’s Cathedral.
- Middle East tension is top concern for 2014: WEF (yalibnan.com)
- Everybody Hates Davos (ritholtz.com)