calendar>>October 20. 2011 Juch 100
KCNA on Anti-Capitalist Demonstration Sweeping World

Pyongyang, October 20 (KCNA) -- "Occupy Wall Street" demonstration is sweeping across the capitalist world including the U.S.

Millions of people took to the streets in more than 1,500 cities in over 80 countries, sounding a note of warning against the capitalist system.

This was a stern judgment of unpopular system that brings exploitation, oppression, unemployment and poverty to the popular masses.

As known, the catastrophic financial crisis that broke out in the U.S. in 2007 prompted unprecedented business bankruptcy and unemployment, causing huge damage to the people's living.

Low-income earners' pent-up wrath against avaricious big banks and companies that caused economic inequality finally gave its vent.

As more people joined the protesters, slogan reading "We are 99%" appeared.

The capitalist society where money is everything is an unpopular one where the rich get ever richer while the poor ever poorer. In this society 1% of privileged class is granted all preferential treatment while 99% of working masses are forced into poverty and death.

The gap between the rich and the poor now in the U.S. is the most serious since the great depression in the 1930s.

The amount of income held by the privileged class which accounts only for 1 % of population increased from 10% to 24% for the past three decades in the U.S. The real income for 90% of Americans showed decrease from 1970 and over 15% of the population joined the poor group.

401,000 more people were registered as unemployed in the first week of October in the U.S. while the number of unemployed reached 22,785,000 in EU member nations.

The number of people suffering from poverty totaled 46.2 million in the U.S. last year.

The number of homeless families showed steady increase in recent years.

The income for American families went down nearly 10 % over the past four years.

The worsening global financial crisis proves that the capitalist society is a heaven for a handful of exploiters and oppressors but a hell for the majority of working class and that this kind of unpopular society can not last long.

Capitalism has nothing to do with the wellbeing of the people.

The nature of the exploiting class never changes and the socio-class contradiction of capitalism gets acuter even though the world entered the new century.

The cyclic economic depression and destitution of people leading to protest is unavoidable under the capitalist system.

The end of capitalism is one of inevitabilities of history.

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