THE OCCUPY HANDBOOK
**
EDITED BY JANET BYRNE
GUEST EDITOR ROBIN WELLS
BACKBAYBOOKS Little, Brown and Company New York Boston London Contents
Introduction: A Tale of Two Taxes Janet Byrne
Parti HOW WE GOT HERE Advice from the 1 Percent: Lever Up, Drop Out Michael Lewis
The Widening Gyre: Inequality, Polarization, and the Crisis Paul Krugman and Robin Wells
Take a Stand: Sit In Philip Dray
The 5 Percent Michael Hiltzik
Hidden in Plain Sight: The Problem of Silos and Silences in Finance Gillian Tett
What Good Is Wall Street? John Cassidy
Inequality and Intemperate Policy Raghuram Rajan CONTENTS
Your House as an ATM: The Myth of Homeownership 85 Bethany McLean
Against Political Capture: Occupiers, Muckrakers, Progressives 100 Daron Acemoglu and James A. Robinson
A Nation of Business Junkies 113 Arjun Appadurai
Causes of Financial Crises Past and Present: The Role of the This-Time-Is-Different Syndrome 117 Carmen M. Reinhart and Kenneth S. Rogoff
Government as Tough Love: Sitting Down with Robert Shiller 132 Brandon Adams
Part II WHERE WE ARE NOW Occupy Wall Street's Anarchist Roots 141 David Graeber
Economic Insecurity and Inequality Breed Political Instability 150 Nouriel Roubini
A Master Class in Occupation 164 Chris Hedges
Is Democracy Still in the Streets? 173 James Miller
The Arc of Communism: Lessons for Occupy Wall Street? 184' Robert M. Buckley
Globalization and the Perils of Democracy 196 Pankaj Mishra
"15M": The Indignados 209 Salvador Marti Puig
In the Footsteps of Salvador Allende: Chile and the Occupy Movement 218 Ariel Dorfman CONTENTS jBasta YA! Chilean Students Say "Enough" 223 Nora Lustig, Alejandra Mizala, and G. Eduardo Silva
Occupying the Israeli Street: The Tents Protest Movement and Social Justice in the Holy Land 232 Neri Zilber
From Tahrir to Zuccotti: Justice but No Peace in Egypt 239 Chris Stanton
From Resistance to Revolution a la frangaise 245 Robert Zaretsky
Occupy the Media: Journalism for (and by) the 99 Percent 256 Amy Goodman and Denis Moynihan
On the Meaning of Occupation 265 Michael Greenberg
Unions Build the Middle Class 273 David Madland, Karla Walter, and Nick Bunker
Occupy Wall Street: The First Quarter and Beyond 276 George Gresham
Where Is the Demand for Redistribution? 280 Uyana Kuziemko and Michael I. Norton
U.S. Cultural Decline: The Overlooked Intangibles 286 Brandon Adams
Civil Society at Ground Zero 294 Rebecca Solnit
The Making of the American 99 Percent and the Collapse of the Middle Class 300 Barbara Ehrenreich and John Ehrenreich
Part III SOLUTIONS Occupy K Street 309 Paul Volcker
ix CONTENTS
Interview with Emmanuel Saez 311 Kathleen Maclay
Taxing High Earnings 317 Peter Diamond and Emmanuel Saez
Commentary 330 J. Bradford DeLong
Boycott! Michael Lewis Interviews Himself 333 Michael Lewis
Reforming Western Capitalism 336 Martin Wolf
How Occupy Wall Street Can Restore the Clout of the 99 Percent 348 Scott Turow
Psychopaths, Inc.: On Corporate Personhood 353 Joel Bakan
Occupy Democracy 362 Robert B. Reich
Taxing the 1 Percent of the 1 Percent 370 David Cay Johnston
The Short Sell: An Interview with Matt Taibbi 382 Tom Verlaine
Smart Loans 393 Eliot Spitzer Enough with Occupying Wall Street: It's Time to Start Preoccupying Wall Street 397 Lawrence Weschler
Reframing the Debate 411 Tyler Cowen and Veronique de Rugy
Voluntary Financial Transactions Tax 422 Brandon Adams
Medicare for All 425 JeffMadrick
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Countering the Dangers of Procyclicality 438 Daniel Gross
Principal Reduction: How to Reduce the Mortgage Burden 446 Felix Salmon
How Bankruptcy Contributed to the Mortgage Crisis and How It Could Help the Economy Recover 456 Michelle J. White and Wenli Li
Occupy Global Capitalism 462 Jeffrey D. Sachs
Debt Jubilee 475 Michael Hudson
Another Way to Resist Wall Street: Copies, Smuggling, and "Globalization from Below" 480 Gordon Mathews
Coda: "The Last Capitalist on Wall Street" 494 Brandon Adams
Acknowledgments 501' Notes 505 Credits 531