An online movement led by John Schwarz is encouraging U.S. consumers to participate in a day of protest by not spending money on February 28th, to resist corporate greed and political corruption. The movement gained traction on social media with celebrities like Stephen King, John Leguizamo, and Bette Midler showing support. Schwarz aims to unionize working-class people and has planned additional boycotts of specific companies throughout the year.
Key Points
Initiated by John Schwarz to resist corporate greed and economic exploitation
Calls for a 24-hour economic blackout on February 28th
Plans additional weeklong boycotts of specific companies like Amazon, Walmart, and McDonald's
Advocates for supporting small and local businesses
Echoes of the Occupy Wall Street movement in 2011
Not explicitly political, focuses on economic resistance
Support from celebrities and political organizations
Response to the rollback of diversity, equity, and inclusion initiatives in major companies
Pros
Raises awareness about wealth and income inequality
Encourages supporting small and local businesses
Promotes economic resistance against corporate greed and political corruption
Cons
Difficult to translate online traction into significant action
May not have a substantial impact on the overall economy
Challenges in sustaining long-term support due to consumer dependency on large corporations