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“We Are the 99%”

“We Are the 99%” 471643 NLFXXX10.1177/1095796012471643<i talic>New Labor Forum XX(X)</italic>Yates On the Contrary New Labor Forum 22(1) 10 –13 “We Are the 99%”: Copyright © 2013, The Murphy Institute, City University of New York Reprints and permission: http://www. The Political Arithmetic sagepub.com/journalsPermissions.nav DOI: 10.1177/1095796012471643 of Revolt http://nlf.sagepub.com Michael Y ates Keywords politics, radicalism The worldwide Occupy movement that erupted (borrowing against their houses and maxing out in Manhattan’s Zuccotti Park in September their credit cards). All of this generated growing 2011 took as its watchwords, “We are the 99%.” income and wealth inequality, as wages and These words resonated with large masses of benefits fell and profits rose; raised the finan- people as few others have in a long while. To cial sector of the economy to the commanding understand why, it is important to look at the heights; and made the economy much more vul- context that generated it. nerable to financial crisis. The Great Recession “We are the 99%” derived its power from the was the product of the interaction of these three devastation experienced by so many people as a factors, and it generated a scale of worldwide result of the Great Recession that erupted in misery not seen since http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png New Labor Forum SAGE

“We Are the 99%”

Yates, Michael
New Labor Forum , Volume 22 (1): 4 – Jan 1, 2013
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Publisher
SAGE
Copyright
© 2013, The Murphy Institute, City University of New York
ISSN
1095-7960
eISSN
1557-2978
DOI
10.1177/1095796012471643
Publisher site
See Article on Publisher Site

Abstract

471643 NLFXXX10.1177/1095796012471643<i talic>New Labor Forum XX(X)</italic>Yates On the Contrary New Labor Forum 22(1) 10 –13 “We Are the 99%”: Copyright © 2013, The Murphy Institute, City University of New York Reprints and permission: http://www. The Political Arithmetic sagepub.com/journalsPermissions.nav DOI: 10.1177/1095796012471643 of Revolt http://nlf.sagepub.com Michael Y ates Keywords politics, radicalism The worldwide Occupy movement that erupted (borrowing against their houses and maxing out in Manhattan’s Zuccotti Park in September their credit cards). All of this generated growing 2011 took as its watchwords, “We are the 99%.” income and wealth inequality, as wages and These words resonated with large masses of benefits fell and profits rose; raised the finan- people as few others have in a long while. To cial sector of the economy to the commanding understand why, it is important to look at the heights; and made the economy much more vul- context that generated it. nerable to financial crisis. The Great Recession “We are the 99%” derived its power from the was the product of the interaction of these three devastation experienced by so many people as a factors, and it generated a scale of worldwide result of the Great Recession that erupted in misery not seen since

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New Labor Forum – SAGE

Published: Jan 1, 2013

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