Published: 16 Oct 11 09:24 CET | Print version
Online: http://www.thelocal.se/36768/20111016/
Following a wave of Wall Street protests worldwide on Saturday, raised voices against corporate greed were also heard in Sweden, with demonstrations in Stockholm, Gothenburg, Malmö and several other cities.
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Riots which have blighted some Stockholm suburbs for the past continued on Saturday night, while police reports indicated that the intensity has started to ease. READ () »
Several union leaders are suspected of having raped a female colleague at a conference in Sandviken in central Sweden in April, according to media reports. READ () »
Police are hunting a 40-year-old man after a woman was found dead in a suburb of Stockholm on Saturday. READ () »
Parents and volunteers have been patrolling the streets of Stockholm's immigrant-heavy suburbs to help quell riots that have raged for almost a week, serving as a successful deterrent to troublemakers and winning praise from police. READ () »
Two cars collided on a road between Trollhättan and Vänersborg in western Sweden on Friday afternoon due to an elk having chosen the unusual spot to give birth to a calf. READ () »
Express delivery firm DHL has been criticised for having handed over a load of alcohol ordered from Germany to a 10-year-old boy in southern Sweden who was home alone at the time. READ () »
A sixth straight night of unrest blighted several Stockholm suburbs on Friday night, spreading briefly to the city of Örebro, 160 kilometres to the west. READ () »
With international media swooping on the Stockholm riots from every angle, The Local's Oliver Gee explains why Stockholm is not burning, and how the story has been blown out of proportion. READ () »
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"Hej! How is your Swedish coming along? I have received many questions on the Facebook page and in my email lately and it seems like a good idea to post the answers here. Enjoy! Question 1 – “får inte” or “måste inte” Could you please clarify for me which is the most commonly used phrase in Swedish for..." READ »
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Most people realize that today's economic troubles are the result of failed government policies. These demonstrations are primarily an effort to divert attention and shift the blame away from the responsible parties.
If you are so clued up, why dont you all get together and give us a show of strength. Tell everybody how the fix the mesh that the fat cat bankers and incompentent consevatives have got us into. Don't gob off at others if you dont have a clue yourself.
A conservative may have started this mess, but there is an incompetant liberal in the White House right now. I see no dazzling solutions coming from him. Unless by dazzling, you mean print worthless money and spend your way out of debt.
If capitalism ends, how are the rest of you going to survive? Oh, and don't bother coming round to my place.
Gonna take a lot more than waving signs around to fix this mess.
Excuse me, but it is past time for a few facts. First, according to the above article the Roman protesters "received unexpected support from Mario Draghi, expected to be the next head of the European Central Bank", and maybe there's a good reason for this. It isn't that these folks are lazy, crazy, or strange, just that a system has evolved over the last thirty years that is based upon Corporate welfare instead of citizen welfare, Sweden's spate of tax 'reform' and 'corporate welfare' highlighting this widespread problem.
To my eyes, the financial crisis occurred because 'Banksters' knowingly misrepresented trillions of dollars of investments and financial instruments, something that on a lesser scale would be called 'fraud', but today we call 'neoliberalism'. Those few among the elite, and those many more vicariously taking pleasure in their successes while misguidedly praying to join them, continue to promote a system that serves the interests of the very few over the many.
I won't point out that when Wall Street and major corporations were 'bailed out' with taxpayer funds, what happened was the tremendous losses that a corrupt system generated were then 'socialized' (ie, taxpayers got them, not the business owners, bondholders, etc), but profits from these same firms never were shared, just the losses.
In Sweden, tax cuts and corporate welfare emptied the amount of available resources for A-Kassa, elder care, children's programs, medical programs, etc, and while the very rich have gotten richer, it is a redistribution of wealth from the bottom and middle to the top! Things here are so bad that the right-wing US magazine, American Spectator, actually wrote how far ahead of the US Sweden's neoliberal (free-market) economy is! Of course, a journalist from American Spectator also acted as an agent provocateur at the Smithsonian recently, the result being substantive numbers of innocent people being pepper sprayed. How's that for conservative integrity? http://www.guardian.co.uk/world/2011/oct/10/washington-protest-american-spectator-patrick-howley?newsfeed=true
Insatiable greed must stop!
As to the reality of where we stand today, according to the late US President, FDR, "The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism — ownership of government by an individual, by a group, or by any other controlling private power." http://en.wikipedia.org/wiki/Definitions_of_fascism#Franklin_D._Roosevelt
And, aside from my best wishes to those courageous many who are now struggling for change, that is ALL I HAVE TO SAY -- Punkt Slut!
When Wall Street accepted bailouts the government should have nixed bonus payments to those asleep at the wheel, but it stood by and did nothing except make some noise. All in all totally unacceptable.
On the other hand, having worked for larger companies such as IBM, I don't really see corporations setting government agendas (at least not computer firms), Perhaps it was the level I was at, but the top doesn't really seems to be as smart or evil as they are depicted as.
....but I've never seen a more uncoordinated bunch of losers than this global movement. There are so many smoking guns it beggars belief that these guys can't find one.
I mean in London they're petitioning the LSE on a Saturday/Sunday. Like that's really going to hurt. Since the late 1980s when the market went electronic, there's nothing there apart from a tourist guide and a few servers.
If I was in charge of this rabble, I'd find a way of making this protest work.
Storm the Bank of England during the next MPC meeting. Start outing the wives of Goldman executives at their country clubs. Hit them where it hurts.
Once again you are one of the many that criticise without a supported argument. We know who got us into this mess and is it these very people we should be dealing with, they have too much power. Governments as Not Dumb said, should be putting people first not the rich few. It's the people that run this world, not conservative politicians, bankers or stock markets, without the people these institutions would not survive. This is what the protesters are saying, "listen and join the movement to control these manipulating and robbing thieves". They are trying to bring awareness and change the balance of power. People have listened to long to conservative politicians threats of "if you don't listen to us you will be doomed", it is in fact the very opposite.
@Not Dumb
It seems that you are the only one to write anything constructive here. Unlike many others just making meaningless statements. Maybe some of these people could learn something from you instead of just throwing their dummy's out of their pram.
@Migga
"Say what you want about the issue but standing in the streets, fighting the police won`t solve anything." It worked in the UK, got rid of Thatcher's look after the rich Poll Tax.
Being "disorganized" is the effect of freedom, without officers in command. Previous circumstances were organized, but led to the slaughterhouse and premature death.
Why not visit the Brunkebergstorg encampment, Stockholm (in front of Riksbanken)? Anyone is welcome. People are there 24-hours a day; you can discuss your thoughts and analyses in English or other languages. Share your ideas, or bring some snacks, or both.
This mess goes back 30yrs plus. And every president and congressmen since has a share of the blame. Even if it by doing nothing. But I am sure they accepted a lot of contributions from the banks, big business/Wall Street crowd.
And actually you DO spend your way out of it. As in the Great Depresion, the govenment hired the unemployed to do infrastructure and conservation projects. You have to get money into the hands of the unemployed and lower income. When they spend money business's will take off, hence creating jobs. There in no such thing as "trickle down economics", one of the biggest lines of GOP BS of all time. It is a shame so many bite into it. Money trickles UP the food chain, not down. And obviously the bailout money went to the top of the food chain to pay bonus's, dividends and such, and nothing trickled down.
Political assassination is a cowardly crime of a old nasty political minded group of internally very ugly guys such as: Plane hijackers of 1960's or of their low humanly, extreme negativity charged counterpart.
Only the political power of Today's USA can immediately start paving the permanent ways of a new UN's System that will make future decisions on Usage of Nuclear Power by any of the nations in the world or whether such programs will be approved or not; on the basis of credibility, past acts or behaviors etc.
The attempts by heads of Syria, Iran, Pakistan, India, Divided Korea, Russia, China etc. to copy old style of 'out of date' politics is being viewed as stupid, funny but dangerous by the evolved new generation of Global Public-who have become smarter and more wise than the old styled isolated heads or continuing hereditary power holders of the scattered pieces of territorial public lands that even include Saudi Arabia, Thailand, Singapore, Nepal, Bhutan etc..
As long as we are aware of Ego and Greed-Blind stupid groups of power-manipulators, nothing can be a real threat to the great Humanitarian Power of the West!
the more money the politicians print, the more crony financial institutions we have to manage all that fresh money. but after all, we the people ask for that free lunch type of magic money, don't we?
@HYRED
But none took more $$$ from Wall Street bankers than Obama. He holds the record in crony-capitalism.
The reason why the Wall Street protest will not work well is everyone has their selfish reasons and it is not cohesive.
The article is right. Capitalism is about to collapse. It seems americans do not even realize this.