Occupy Wall Street Meets Globalization
After beginning protests in New York last month, Occupy Wall Street became a global movement on Saturday. Protests started in New Zealand and hit parts of Asia and Europe including London, Berlin, Sydney, Australia, Tokyo, and Hong Kong.
The protests are condemning bankers, politicians and businessmen for ruining the economy and widening the gap between the rich and poor.
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While the protests have been fairly civil, violence broke out in Rome on Saturday. With its increasing unhappiness of Italy’s (NYSE:EWI) government under Italian Prime Minister Silvio Berlusconi’s leadership, demonstrators broke windows, set fires and fought with police, who responded with water cannons and tear gas.
The violence led to protesters needing hospital care, according to a Newsweek reporter on the scene, and the Italian police reported that one of their police officers had been injured.
In addition to the new global protests, close to 1,000 protesters came out on Saturday in New York. They banged drums and blew horns in the financial district outside a J.P. Morgan Chase (NYSE:JPM) Bank branch.
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