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Making Waves

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Convergence

Economic Justice

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Reflections from Occupy DC, Vasudha Desikan and Drew Franklin

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The question of what the “Occupy” movement is has concerned us ever since it spread to Washington D.C. in October of last year. After witnessing Occupy Wall Street’s tremendous growth in New York, we were inspired to see for ourselves the potential for radical mobilization in our city, where the corporate and state arms of global capital meet. The seat of power in the United States, D.C. has a long history as a center for protest, frequently drawing in activists from all over the country.
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Principal Reduction as a Response to the Housing Crisis, by Max Rameau, M Adams and Brittany Scott

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There is an overwhelming consensus right now that we face a severe market failure with regard to housing. One industry expert recently testified before Congress that, unless something is done about it, 8 to 10 million more homeowners will lose their homes to foreclosure(1). That is 1 in 5 owners with an outstanding mortgage, and in addition to the 8 million owners who have already lost their homes to foreclosure since 2007.