Through Changing Times, Occupy
Wall Street Remains on Message
While the third anniversary celebration of the Occupy Wall Street movement was a subdued affair last Wednesday at Zuccotti Park in lower Manhattan, it’s fitting that Strike Debt, one its offshoots, was scoring a major win on its efforts to buy and cancel debt.
As a couple of hundred activists were back at the place where the protest was launched, on Sept. 17, 2011, the group’s Rolling Jubilee fund announced that it’d cancelled some $3.9 million in private student debt it’d acquired.
Raised by donations, the amount covered unpaid tuitions owed to one of for-profit Corinthian Colleges‘ schools, and so far, represents the only effort being made nationwide to alleviate an estimated $1.3 trillion owed in student debt by some 40 million Americans, no thanks to Congress or the federal government.
Not bad for a movement that has refused to abide by a national political agenda, has no recognized leadership, and despite declarations to the contrary, remains one of the sole voices still seeking justice for millions of Americans penalized by the Wall Street excesses that brought the world financial system to its knees in 2008.
While the movement as a whole is not exempted of criticism for its at times fractionary strategies, and internal divisions, it’s managed to remain on its progressive message Continue reading