Saturday, October 15, 2011

Greed : Root of evil.

951 cities join protest against corporate greedAgencies

Oct 16, 2011, 07.11AM IST

MADRID: Protesters launched worldwide street demonstrations on Saturday against corporate greed and biting cutbacks in a rolling action targetting 951 cities in 82 countries. Inspired by America's " Occupy Wall Street" and Spain's "Indignants" , people took to the streets in Sydney, Hong Kong and Tokyo in the opening hours of the unprecedented global outcry.

It was the biggest show of power yet by a movement born on May 15 when a rally in Madrid's central square of Puerta del Sol sparked a protest that spread internationally.

Anger over unemployment and opposition to the financial elite hung over the protests, which coincided with a Paris meeting of G20 financial powers pre-occupied by the eurozone debt crisis. But demands and the sense of urgency among the activists varied depending on the city.

Around 500 people gathered in the heart of Hong Kong's financial district to vent their anger at the inequities and excesses of free-market capitalism. Around 600 demonstrators in Sydney set up camp outside Australia's central bank. In Tokyo, around 100 protesters marched through the streets, shouting "Occupy Tokyo!".

In Frankfurt, continental Europe's financial capital, some 5,000 people protested in front of theEuropean Central Bank, while in London, around 500 people marched from St Paul's cathedral to the nearby stock exchange.

Hundreds took to streets in the Bosnian city of Sarajevo carrying pictures of Che Guevara and old communist flags that read "Death to capitalism , freedom to the people" . In Philippines, about 100 people marched on the US embassy in Manila to denounce "US imperialism" . InCanada, protests were planned in Montreal , Vancouver and at stock exchange in Toronto.

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