The Occupy movement launched protests around the world such as Occupy Wall Street, Occupy London and even Occupy Lisbon with their aims to combat late capitalism. However, they have their work cut out for them – capitalism goes from strength to strength, the rich get richer & the poor get the picture. Before we can delve further into their activity let us look at the occupy movement while at the same time what late capitalism brings to the people in the present.
Known as the international branch of the Occupy Wall Street movement, The Occupy movement aims to protests against social and economic inequality around the world. Just like any other movement, these individuals are driven by one main goal and that is to make the economic and political relations in all societies less vertically hierarchical and more flatly distributed. The Occupy movement is dived by local groups which often have different focuses however, the movement’s primary concerns revolve around large corporations as well as the global financial system and how they control the world in a way that disproportionately benefits a minority, undermines democracy, and is unstable.
The need for this movement arose when late capitalism became more prevalent most notably in this present day and age. Neo-Marxists coined the term “late capitalism” to point to capitalism from about 1945 onwards, with the implication that it is a historically limited stage rather than an eternal feature of all future human society.
The wealth was much more equally divided in the earlier stage of capitalism. There was more of a connection between the employee and employer especially since most businesses in the past were small locally supported shops. However, the wealth slowly began to move with the help of the industrial revolution which results to the gap of wealth grew to the situation we are experiencing today. As a result, co-ops forming, fair trade organizations, unions, are some of the examples of socialist structures that are slowly starting to take shape.
Late capitalism brought a number of problems in the market which includes relatively high levels of capital centralization having less intense competition/more collaboration between capitalists. There are also pervasive markets along with their pervasive commodification which resulted to higher barriers to market entry. Small time business owners also suffer from high levels of space/time compression due to the fact that late capitalism has monopolies and finance play a bigger role.
Small time business owners often go to money lending companies to help them get started today where competition is fierce. It is good to hear that people from different parts of the world are working hand in hand together and sharing their efforts by supporting the Occupy Movement. Web technologies as well as the social media itself have helped greatly in spreading the word about their activities in a timely and effective manner. This includes the likes of IRC, Facebook, Twitter, and Meetup which activists use on a regular basis to coordinate events from fellow supporters.