Posts Tagged ‘occupy london’

Occupy LSX and Paternoster Square

November 9, 2011

One of the many consequences of the Occupy London campsite is the withdrawal, or revoking, of the public right of way through Paternoster Square. An injunction was obtained to prevent public access to the square, thwarting any attempt by activists to get near the London Stock Exchange, which is based in the square. Similar injunctions have been obtained by Canary Wharf, home to several banking institutions, and Broadgate, home to banks, lawyers and investment companies.

The owners of these ‘public spaces’ were able to do this because the land is privately owned, and the public are only given privileged access to the space. Though this privilege may be revoked at any time, it is unusual to see it done so quickly. The ring of steel in place around these sites, and reinforced by a show of police presence, may become a more common site in the City.

This can only emphasise the gulf that separates the corporate world of bankers and high finance from the rest of the population. If the corporations want to have a dialogue with the 99% who don’t enjoy the bonuses, yet suffer the cuts, then this is not the way to do it.