300 Economists lend support to 'Occupy Wall Street' [Dated November 13th 2011]





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Uploaded on Dec 2, 2011

From: Press TV
300 economists lend support to Occupy Wall Street
Fri Dec 2, 2011 4:22PM GMT
On November 13th 2011, economists from the University of Massachusetts Amherst issued an open statement pledging support to the Occupy Wall Street movement. Since then, more than about 300 economists from around the world have added their names.

Econ4 has now assembled the list of 300 economists who support Occupy Wall Street and the 99 Percent's struggle for economic justice. Some of these economists are featured in a new video about what's wrong with the economy and why they support the protesters. thinkprogress.org

The announcement reads:

"We are economists who oppose ideological cleansing in the economics profession. Equally we oppose political cleansing in the vital debate over the causes and consequences of our current economic crisis."
"We support the efforts of the Occupy Wall Street movement across the country and across the globe to liberate the economy from the short-term greed of the rich and powerful one percent."
"We oppose cynical and perverse attempts to misuse our police officers and public servants to expel advocates of the public good from our public spaces."

"We extend our support to the vision of building an economy that works for the people, for the planet, and for the future, and we declare our solidarity with the Occupiers who are exercising our democratic right to demand economic and social justice."
Over 150 Economists Sign Letter Of Support For OWS by Beth Buczynski November 22, 2011 3:27 pm
Recently Newt Gingrich publicly dismissed the Occupy Wall Street movement as being nothing but unemployed, uneducated rabble in need of a bath.

Of course, this flippant label makes no sense to anyone that has visited an OWS encampment, talked with its supporters, or even lightly researched the movement.

Read more: http://www.care2.com/causes/over-150-...
A philosophy for the protesters
The OWS movement grew out of the philosophical paradox that our financial system could not contain flaws.
Santiago Zabala Last Modified: 30 Nov 2011 09:58
If hermeneutics can become the philosophy of our protesters it is not only because it shares a discredited condition, revolutionary goals or ethical resistance, but also because it suggests that human coexistence is possible without imposed truth, that is, a single global financial system. After all, according to Joseph Stiglitz, Paul Krugman, and other distinguished economists, it is just this belief in a global economy that drove us into financial crisis in the first place. The IMF, WB and ECB are founded on a "pensee unique," that is, an ideology of perfection, rationality, and self-regulation where flaws, frictions and failures cannot even be taken into consideration. Imposing as truth the specific economic policies of these organisations is to the life embodied by our protesters, a life that shows different and differently vital cultural and economic demands. Hermeneutics, then, is one of the few philosophies that reflects the pluralism of our postmodern societies because, like truly democratic procedures, it includes and allows structural changes to take place every time citizens demand them. Ignoring these demands for change overlooks new, different, and vital interpretations and also ignores the 99 per cent of the population that is now demanding them and the change they can effect.

Santiago Zabala is ICREA Research Professor at the University of Barcelona. His books include The Hermeneutic Nature of Analytic Philosophy (2008), The Remains of Being (2009), and, most recently, Hermeneutic Communism (2011, co-authored with Gianni Vattimo), all published by Columbia University Press. His webpage is www.santiagozabala.com

The views expressed in this article are the author's own and do not necessarily reflect Al Jazeera's editorial policy.

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