(Ahlul Bayt News Agency) - “We have a political system, which very much caters to those with money who are able to buy political power, and buy policymaking decision,” said Professor David Michael Green of the Hofstra University in New York on Wednesday.
“Our policymakers, particularly in Washington, but also in the state level, have been bought by these special interests, these economic elites,” he noted, adding that the current political and economical systems of country is now similar to a “banana republic.”
Such a republic denotes an unstable country, where power lies in the hands of an elite group which controls a limited production in the economy in their own favor, Green added.
Green went on to say that the current anti-corporatism movement, known as Occupy Wall Street (OWS), emerged as US citizens gradually became angry at such a political system which acts in favor of the wealthy few instead of the people.
The OWS, which started on September 17 in the US financial center in New York City, owes its name to the protesters’ purpose to literally take over the country’s financial district until their demands are met.
The movement took shape against the high unemployment rate, which stood at 9.10 percent for August, home foreclosures, and 2008 corporate bailouts for banks among other things, while mainly raising objection to ‘corporate greed’ and the corporations excessive influence on the US political system.
The campaign has spread to more than 70 major cities, including Seattle, Los Angeles, Dallas, and Boston, as well as more than 600 communities across the nation. It is reportedly being supported through ‘Occupy’ events in close to 1,600 cities across the globe.
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