Abzockerei

“Ripoffery,” word used in an exciting Swiss voters’ referendum to limit bonuses, and not just in banks! In Switzerland. The election is Sunday, 3 Mar 2013. Proponents of the referendum want performance-based salaries and for executives’ compensation to have to be approved by shareholders, the actual owners of the companies concerned. Pro-referendum posters say things like “Compensation excesses harm pension funds + Swiss old-age and survivors insurance + the people’s economy.”

(Ob TSOCK err eye.)

“Empört Euch!”

The capitalism-critical essay written in 2010 by Stéphane Hessel (orig. French title: “Indignez-vous!”; in English, “Time for Outrage”) who died this week aged 96. Born in Berlin, he became a French citizen in 1939, fought the Nazis in the Résistance and was captured and imprisoned in a concentration camp, from which he escaped. After the war, he helped with the Universal Declaration of Human Rights and was a diplomat and writer.

The sequel to Hessel’s 2010 essay is “Engagiert Euch!” (“Engagez-vous!”, “Get Involved!”), written in 2011 with Gilles Vanderpooten. Wikipedia says these essays helped inspire people in the Occupy movement, among many others.

(Emp ƏRT   oychh.)

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