Take on Wall Street

Banking Fair:

Postal banking, done right, is key to the Post Office’s future. These new sources of revenue and foot traffic would help secure the USPS’s financial future, and ensure the provision of fair and equitable services for all of us.
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Take On Wall Street!

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noun [fi·nan·cial·i·za·tion]

  1. Finance is the management of money. “Financialization” refers to the increasing power of finance over the economy.
  2. The financial industry’s share of the overall economy has tripled since World War II. The financial sector — Wall Street — finds a way to extract profit from every facet of our lives, our housing, our health, our education, and even our water.
  3. Letting finance write the rules and dominate the economy harms the rest of us. Rather than channeling investments to projects that support jobs, families and communities, Wall Street executives and money managers are buying our elected leaders and rigging the rules in their favor in order to extract wealth from communities.
  4. Wealth extraction in a financialized economy is not color blind. Wall Street targets communities of color, and especially women of color, for everything from predatory loans to higher rents to mass incarceration.
  5. Financial executives often take a short-term “take the money and run” approach, which leads to booms and busts and makes our entire economy more unstable.

How does Wall Street affect our lives?

Wall Street is no abstraction: the rules of finance determine who does and doesn’t get money. The big Wall Street banks affect our lives in a million different ways.

To organize for the things we need as a society—affordable housing, racial and gender justice, jobs—we have to take on Wall Street power. Read on →