Ultimately, it’s the ability to manipulate state power to extract a portion of other people’s incomes. Wall Street and Washington, in other words, have become one. Financialization, securitization and militarization are all different aspects of the same process. And the endless multiplication, in cities across America, of gleaming bank offices— spotless stores selling nothing while armed security guards stand by—is just the most immediate and visceral symbol for what we, as a nation, have become.
Occupy was right to resist the temptation to issue concrete demands. But if I were to frame a demand today, it would be for as broad a cancellation of debt as possible, followed by a mass reduction of working hours—say to a five-hour workday or a guaranteed five-month vacation. If such a suggestion seems outrageous, even inconceivable, it’s just a measure of the degree to which our horizons have shrunk. After all, only fifty years ago many people assumed we would have gotten to such a point by now. It is only by breaking the power of the engines of extraction that we can once again begin to think on a scale and grandeur appropriate to the times.
Via David Graeber in Can Debt Spark a Revolution?, an article which appears in the September 24, 2012 edition of The Nation.