Capitalism is Crisis: OccupyLSX

by Melissa García Lamarca

Having heard about Occupy London Stock Exchange (OccupyLSX) and read the recent Polis post on it, I couldn’t resist checking out the action during a short visit to London last week. Despite the fact that St. Paul’s Cathedral closed and several popular media accounts have attempted to discredit the movement (the Telegraph and Guardian, for example), the occupation unsurprisingly continues to be strong and highly organized.

OccupyLSX info tent with information on the movement.

The food tent on the east side of St. Paul's Cathedral.

The legal aid tent on the east side of St. Paul's Cathedral.

The Starbooks occupation library at OccupyLSX.

“Capitalism is crisis” is the simple and clear message of the camp, echoing the motto of Spain's 15-M movement: “It’s not a crisis, it’s the system.” It’s fascinating to see, as reported by Jérôme E. Roos at, how leading free-market publications like the Wall Street Journal, the Financial Times, Business Insider and Fortune have all admitted in recent weeks that Karl Marx might actually have been right about capitalism’s tendency to self-destruct.

A poster at the OccupyLSX site.

While battling eviction and police brutality and continuing the important task of organizing non-hierarchically, occupiers around the world are undoubtedly discussing and acting on the question: If not capitalism, then what? And how do we get there?

Credits: Photos from Melissa García Lamarca.

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  1. It's incredible how volatile can an ideology that is based on selfishness (they call it individualism) and greed be. I'm pretty sure they get back to business-as-usual once western economies grow again, rapidly forgetting the millions of lives their ideas destroyed. The references to leading free-market publications remind me of the interview to Dominique Strauss-Kahn on the awarded documentary "Inside Job", who explains how financial leaders were at first saying that there should have been more regulations and shortly after were back to their campaigns against any sort of regulation. In any case, all these guys (free-market politicians, banksters, academics, media) are so rich that I doubt they are really concerned at all. As long as they lead we're screwed up.