New Labor Forum

Archive for March, 2013|Monthly archive page

“We Are the 99%”: The Political Arithmetic of Revolt

In Regular Edition on March 6, 2013 at 12:43 pm

By Michael Yates

The worldwide Occupy movement that erupted in Manhattan’s Zuccotti Park in September 2011 took as its watchwords, “We are the 99 %.” These words resonated with large masses of people as few others have in a long while. To understand why, it’s important to look at the context that generated it.

“We are the 99%” derived its power from the devastation experienced by so many people as a result of the Great Recession that erupted in December of 2007 and whose effects are still being felt by tens of millions of people in the United States and hundreds of millions worldwide.

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