Thousands of protesters to ‘Occupy Wall Street’ on Saturday

September 17, 2011

By Julianne Pepitone

NEW YORK (CNNMoney) — Egyptians did it for democracy. So did people in Tunisia, Yemen, Bahrain and Syria. Now, activist groups are hoping Americans will launch their own uprising — in the form of thousands of protesters descending on Wall Street this weekend.

Occupy Wall Street is a “leaderless resistance movement” spearheaded by activist magazine Adbusters. Organizers want people to swarm into lower Manhattan on September 17 and set up camp for two months, then “incessantly repeat one simple demand.”

What’s that demand? They haven’t decided yet.

The plan is to crowdsource the decision. Protestors are set to meet and discuss the issue at the iconic Wall Street Bull statue at noon Saturday, as well as at a “people’s assembly” at One Chase Manhattan Plaza at 3 p.m.

The protestors’ demand will likely be focused on “taking to task the people who perpetrated the economic meltdown,” says Kalle Lasn, the editor-in-chief of Adbusters.


“The demand could be some stupid lefty thing like ‘overthrow capitalism,'” Lasn says. “We’re hoping it’s something specific and doable, like asking Obama to set up a committee to look into the fall of U.S. banking. Nothing extreme about that.”

Lasn says editors at Adbusters, which has a worldwide circulation of 100,000 readers, are angry that leaders in the financial sector “had not been brought to justice.” Their inspiration came when pro-democracy uprisings broke out in Egypt on January 25 and quickly spread to other countries.

“We thought, why isn’t there a backlash here?” Lasn says. “We need to shake up the corporate-driven capitalist system we’re in. To do that, we needed something radical.”

Adbusters posted a call to action on its blog July 13 — originally asking for 90,000 people to join the protest — and word spread quickly around the Internet. A total of 74 cities around the world are participating in “solidarity actions,” and the event’s official site will stream live shots of those events. The Wall Street headquarters is planning yoga classes, tai chi and music.

Last month, cyberactivism group Anonymous released a video in support of the protest.

“It gave us a nice bit of street cred, some mystique. We lefties need a lot of mystique,” Lasn says with a laugh.

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