Anniversary of Occupy

It inspired people from Manchester to Moscow, led to thousands of arrests, and continues to generate debate. The Occupy protest movement, founded to oppose corporate greed and inequality, is this week celebrating its first anniversary. For many of those involved it has been an emotional and life-changing journey.

Occupy began in earnest on 17 September last year, when a group of protesters descended on New York’s Wall Street financial district. Angry over the banking industry’s role in the global financial crisis, the protesters wanted to come together to address what they called the “corrosive power of major banks and multinational corporations over the democratic process.”

Inspired by the Arab Spring and a massive Spanish protest movement that had bloomed earlier in 2011, the Occupiers formed a make-shift tent-city a stone’s throw from Wall Street, where public assemblies and discussions were held. As the size of the camp quickly grew, international media attention soon followed. Before long, Occupy became a contagious phenomenon, spreading across America and across borders to more than 80 countries on almost every continent.

Ed Needham, 45, remembers the birth of Occupy well. The 45-year-old communications strategist was attending a conference for organisations working for progressive causes in Washington DC. He was approached by an activist who told him about a new protest called Occupy Wall Street in New York, which had begun a few days earlier. He decided to visit, was immediately impressed by what he saw, and joined in with the protest.

“For me Occupy represented a reaction to where we were as a society,” Needham says, recalling his first impressions. “I just thought that this was an extremely historical moment and that instead of some fly by night political party initiative or something, that this was the beginning of a social movement. And everything that has happened since has affirmed that.

“Rather than people coming together under the many different organisations or political entities, people were coming together under a much larger banner. It happened in a way that I think really captured the imagination of where we were – and still are – as a nation in terms of what has happened to us over the last 30 years.”

A crucial aspect of the Occupy movement was its cross-generational appeal. In the first few days it was characterised mainly as a youth movement, but as it grew that changed. Organised labour groups eventually got involved, as did senior citizens, war veterans, high-profile academics, musicians – even people who had worked within the financial sector. “At that point it just took off because people could no longer characterise the people down at the square as a bunch of hippie kids,” Needham says.

To date, there have been more than an estimated 7000 arrests of activists participating in Occupy protests across the US. The main camp in New York was evicted in November, but today the movement continues. The activists are currently collaborating on international actions to mark the one-year anniversary, and they still meet regularly and organise protests outside banks and run “teach-in” educational groups about economic issues.

Though some activists are pessimistic about the level of change they have managed to achieve, most believe that at the very least they have managed to shape mainstream political discussion by putting more focus on problems related to inequality. New splinter groups have also taken shape due to Occupy, with activists using different protest tactics to voice their discontent about the current status quo.

Los Angeles-based artist Alex Schaefer garnered media attention last year for expressing his indignation at the greed of the banking sector in a creative manner – by painting pictures of banks on fire. Schaefer is hugely frustrated at how little has been done in America to hold the financial sector to account for bringing the country’s economy to its knees, and he recently started a new trend that is beginning to catch on in various cities. He calls it “chalking” – a form of civil disobedience that involves drawing information about bank wrongdoing in chalk on pavements outside bank buildings.

“It needs to be a constant reminder,” Schaefer says. “It’s a different protest than a march. This is a way to just casually do it consistently. I wish every bank would wake up to this on this sidewalk every morning.”

So far Schaefer has been arrested once for vandalism, but the charges were eventually dropped. He says the tactic was in part borne out of a deep dissatisfaction that nothing was being done to address the issues raised by the Occupy movement.

“Nothing has changed, it’s ridiculous,” he says. “Occupy is an uphill battle. The problem is that Occupy was only a fraction of the population. There are so many more people out there that need to get upset before a change is going to happen.”

In England, activists speak of the same frustration. Occupy spread to London in October last year, with a large encampment established outside St Paul’s Cathedral near the city’s stock exchange. Small campsites eventually formed in a number of cities across Britain – from Glasgow and Edinburgh in Scotland to Liverpool, Manchester, Birmingham, and Sheffield in England. But most of the camps were either evicted or slowly disbanded as the cold bite of winter set in – and some protesters feel that they failed to agree on a coherent message across the different sites.

“Even from London to the regions there was a huge difference in scope and aims,” says Daniel, 34, an activist from Liverpool who spent time at Occupy protests in England and America. “I felt aspects I was experiencing at occupations abroad, particularly in the US, did not translate locally. What we saw regionally was more a kind of nebulous protest, and the camps ended up quite detached from the global movement.”

Daniel says that he found Occupy in London to be “quite brilliant” and well organised. An empty office block that was squatted by the activists in London’s financial district and turned into a giant makeshift community centre called the Bank of Ideas also impressed him. However, in Liverpool he says groups including the Socialist Workers’ Party “appeared intent on co-opting, while not overtly supporting the movement, which was predictable and divisive.” And at some Occupy camps he visited, the initial energy which had catalysed the movement became diluted.

Other protesters had similarly negative experiences of camps outside London. In Birmingham, activist Tom Holness said the camp had included people who believed in “Jewish banking conspiracies” and a member of the far-right English Defence League, which dissuaded new people from joining. “The Facebook pages were a mess of arguments and conspiracy theories and that put a lot of people off,” he says.

Yet despite its flaws, Occupy as a movement is likely to persist in some form at least for the foreseeable future. The issues driving it, such as rising unemployment and a growing disparity between rich and poor, have not been addressed. And many activists, though they are tired and frustrated, are still intent on pushing for change.

In Spain, the movement that preceded Occupy may offer a glimpse of what is to come. Thousands took to the streets across the country last summer to protest against austerity measures, corporate power and political corruption, camping out in public squares and holding lengthy debates in a bid to find solutions to economic problems. Calling themselves the Indignados (the indignant) they continue to organise demonstrations and political actions, weary but energised by groups in other parts of the world.

“It’s been absolutely inspiring to see how some other movements have been out in the States and in London and everywhere,” says Beatriz Pérez, a 31-year-old activist who has been involved with the Indignados movement since it began in May last year. “We share the sense of frustration and rage with a lot of other people.”

As a result of the Indignados movement, locally organised public assemblies are now held regularly in cities including Madrid and Barcelona for anyone to come and address grievances. Though unemployment is soaring in Spain and the protesting has not managed to achieve substantive political changes, it has brought people together in a way that has in itself had a positive and lasting impact.

“Life in Spain, in Madrid, has changed a little bit for everyone that has been in the movement,” says Pérez. “I feel like in my city there is a lot more love out there – it’s a romantic thing to say but that’s how I feel. It’s less individualistic here than it was. And I think that has got to be a very good thing for our lives.”

Bank Transfer Day

Bonfires and fireworks are what most people associate with 5 November. But this year the date has taken on a new meaning for thousands planning a mass boycott against some of the largest banks in the world.

Angry at corporate greed and unethical financial practices, over 60,000 have vowed to close their bank accounts on Guy Fawkes Day, pledging to transfer their money to local credit unions and co-operatives as an alternative.

The campaign was launched on 3 October by 27-year-old Los Angeles-based art gallery owner Kristen Christian, and has since gained backing from protesters involved in the anti-corporate “Occupy” movement in cities across America and Britain.

Christian was prompted into taking action after being repeatedly charged fees by the Bank of America that she felt were excessive. She started an event page on social networking website Facebook called “Bank Transfer Day”, which gained near-immediate popularity, spreading virally over the internet in a matter of days.

“I was tired of paying outrageous fees to banks for a severe lack of services,” she says. “The final straw came with the announcement of new monthly fees for any customers with less than $20,000 (£ 12,500) in combined accounts. It’s apparent this new policy directly targets the impoverished and working class.

“The structure of for-profit corporate banks is fundamentally flawed and a hindrance to a thriving economy. The goal of Bank Transfer Day is to shift funds to the local level before 5 November. These funds will allow credit unions to expand low-interest rate loans to private citizens and small to medium-sized businesses, encouraging economic growth on the local level.”

Credit unions, cooperative financial institutions owned and controlled by their members, are expected to enjoy a huge boom in the lead up to the boycott. Some have announced that they will be opening extended hours on 5 November, a Saturday.

“The anti-consumer practices of the large banks aren’t a new thing,” says Greg Smith, the president of PSECU, one of America’s largest credit unions. “Consumers are fed up, and we want to let them know that there are financial institutions out there like credit unions that can provide the same products and services their bank does, but instead of gouging them, we will do it fairly.”

Though Bank Transfer Day began as a campaign directed as a protest against US banking institutions, it has tapped into to a strong anti-banking sentiment also widespread across Europe.

London-based organisation Positive Money, which campaigns for banking reform, was quick to lend its backing. The group is encouraging British citizens to transfer their money from big banks such as Barclays and HSBC to smaller, mutually owned “ethical” institutions or building societies such as the Cooperative and Nationwide.

“Customers today don’t have any rights to say what their money can be used for. So the banks can use this money to invest in the arms industry and for projects that are damaging for the environment and for society as a whole,” says Mira Tekelova, a spokeswoman for Positive Money.

“Bank Transfer Day is about encouraging our supporters to chip away at the power and influence from the big banks by simply withdrawing financial support. It’s just a small step of what needs to be done.”

The campaign has come in from criticism from some, who have claimed it could lead to greater instability of an economy that is already failing and on the brink of possible collapse. However, according to Albrecht Ritschl, a professor of economic history at the London School of Economics, the boycott is not likely to bring about a major crisis.

“I could not imagine that this would be a big enough movement to really have far reaching consequences,” he says. “If they find enough people to join the boycott, then of course the boycotted banks will get into trouble because they will lose lots of deposits.

“If they concentrate on one particular institution, and the institution is small, then they could probably sink it. I would tend to think, though, unless I’m entirely mistaken, that this particular boycott movement will probably only have punctual or limited impact.”

Ritschl added that the ongoing protests were not likely to spark any self-regulated change from within the banking sector, but could force politicians to introduce stricter rules regulations to appease public anger.

“I don’t think these protests will be entirely ineffective,” he says. “They do keep the discussion about bankers, the role of banks and the financial meltdown alive. They will add momentum to the quest for radical banking reform and bankers’ compensation schemes, so in that broader political sense I would tend to think that yes they will have an impact.”

Many of those participating in Bank Transfer Day have already taken it upon themselves to close their accounts – though some have been obstructed their banks.

In October two women entered a Bank of America (BoA) branch in Santa Cruz, California, carrying a sign that read, “I am closing my BoA account today.” The police were called and the women were made to leave the branch after they were reportedly told by a member of staff, “you can’t be a protester and a customer at the same time.”

The bank said in a statement: “We do not allow protestors inside of our banking centres. If a customer who is participating in a protest wishes to conduct bank business, including close an account, we ask them to come back when they are not protesting or they may also conduct their bank business at a nearby branch away from protest activities."

One man the banks will have difficulty stopping from closing his account is Alex Schaefer, who is fully committed to the 5 November boycott. The 41-year-old American artist has become notorious in recent months for painting pictures of banks on fire – a symbolic reflection of US society’s incendiary anger over the financial crisis.

“It’s been slowly dawning on me since about 2003 or 2004 that the financial sector is totally out of control,” says Schaefer. “The ratings agencies [which assess the financial strength of companies] aren’t doing anything and the politicians are completely bought off. In my opinion they’re just sailing the ship into destruction.”

Shaefer, who previously worked as a video games artist for Disney, was questioned by police in July after he was spotted painting a picture of a burning bank in Burbank, Southern California. The authorities suspected he could be a plotting terrorist attack.

He explains: “They asked me ‘do you hate the banks?’. I told them: I don’t hate the banks but I think everybody is sick of this criminal business model that they’ve been operating for the last twenty years.

“Here are banks that are stealing and gambling billions and trillions of dollars, totally bailed out on the pocketbooks of the people. So why aren’t those guys getting their doors knocked on by the police. It’s an imbalance of justice.”

A similar bank boycott, Move Your Money, was launched in 2009 by the editor-in-chief of the US blog Huffington Post, Arianna Huffington. It encouraged Americans to put their money into credit unions to protest against risky investments made by bankers that led to the US government’s $700 (£440) billion bailout in 2008. In a televised interview last year, Huffington said: “We've had lots of good speeches and lots of good rhetoric, but this is an opportunity for people to take action.”

This article first appeared in issue no.900 of The Big Issue in the North.