- Joined
- Apr 13, 2011
- Messages
- 34,951
- Reaction score
- 16,311
- Gender
- Undisclosed
- Political Leaning
- Socialist
[QUTOE]The Occupy movement received vindication from unlikely source tonight, as a senior executive at the Bank of England credited it with stirring a “reformation of finance”.
In a glowing appraisal of the movement’s achievements, Andrew Haldane, executive director of financial stability, said Occupy protesters had been “both loud and persuasive”, and had attracted public support because “they are right”.
“Some have suggested … that Occupy’s voice has been loud but vague, long on problems, short on solutions. Others have argued that the fault-lines in the global financial system, which chasmed during the crisis, are essentially unaltered, that reform has failed,” Mr Haldane said in a speech tonight.
“I wish to argue that both are wrong – that Occupy’s voice has been both loud and persuasive and that policymakers have listened and are acting in ways which will close those fault-lines. In fact, I want to argue that we are in the early stages of a reformation of finance, a reformation which Occupy has helped stir.”
Speaking at an Occupy Economics event in central London, Mr Haldane said that Occupy had been “successful in its efforts to popularise the problems of the global financial system for one very simple reason: they are right.”
[/QUOTE]
Read more @: Top Bank of England director admits Occupy movement had a point - UK Politics - UK - The Independent
So it looks like Occupy's movement has harnessed some slow change in England. Looks like something is actually happening. Maybe this will come to America. Maybe some new policies will change?
In a glowing appraisal of the movement’s achievements, Andrew Haldane, executive director of financial stability, said Occupy protesters had been “both loud and persuasive”, and had attracted public support because “they are right”.
“Some have suggested … that Occupy’s voice has been loud but vague, long on problems, short on solutions. Others have argued that the fault-lines in the global financial system, which chasmed during the crisis, are essentially unaltered, that reform has failed,” Mr Haldane said in a speech tonight.
“I wish to argue that both are wrong – that Occupy’s voice has been both loud and persuasive and that policymakers have listened and are acting in ways which will close those fault-lines. In fact, I want to argue that we are in the early stages of a reformation of finance, a reformation which Occupy has helped stir.”
Speaking at an Occupy Economics event in central London, Mr Haldane said that Occupy had been “successful in its efforts to popularise the problems of the global financial system for one very simple reason: they are right.”
[/QUOTE]
Read more @: Top Bank of England director admits Occupy movement had a point - UK Politics - UK - The Independent
So it looks like Occupy's movement has harnessed some slow change in England. Looks like something is actually happening. Maybe this will come to America. Maybe some new policies will change?
