Ryan Bourne, CPS Head of Economic Research, was interviewed by Voice of Russia Radio on the origins and agenda of the Occupy Movement in the UK.
"I think it is important to realize why the Occupy movement came about in the UK. We have a huge financial sector and I think that bank bailouts really sort of lend their support to the Occupy protesters’ motives. They are very angry about the bank bailouts and saw that these banks had sort of taken the profits for themselves but then socialized their losses. So, that’s where the anger came from.
And I think the reason they’ve been so persistent since then is because actually they can see they are having a very disproportional effect. There are any 200 or so Occupy protesters outside St. Paul’s in London and yet the two main parties’ leaders are talking about good and bad capitalism, the two main parties’ leaders are talking about whether or not the UK should have a financial transactions tax and the two main parties’ leaders are talking about executive pay and bordering reforms. So, I think the reason they are so persistent is because they think that they are having an effect."
To view the full interview, visit the Voice of Russia website