99% of what? » Freedom Press - The Home of Freedom Books and Freedom Newspaper
The wave of occupations that has rolled around the world from Madison, Wisconsin to Tahrir Square in Cairo, from the Spanish M15 movement and onward via Occupy Wall Street has been deeply inspiring to us, and deeply challenging to the system we live under. While it is reaction to a global, though particularly western, economic crisis we must give credit to all those camping out for their commitment, for instigating the debate as to where we can and want to go, and for breaking the deadening political stagnation of recent years.
So to make a critique of the Occupy movement at this moment, seems at first absurd. To think five years ago that city centres across the globe would be occupied by hundreds of thousands of people, would have been laughed off. Yet they are. And it is a fantastic. It has created a space where capitalism, democracy and revolution are being openly discussed like never before. But that debate also needs to look at the Occupy movement itself and the fundamental problem with the concept of the 1% versus the 99%.
Anti-capitalist vs anti-banker
As someone who has been politically active on the libertarian left since the late 1970s, there is something in the rhetoric of this 99% movement that I and many of my generation find disturbing. We were, and are, anti-capitalists and revolutionaries but this new movement is neither anti-capitalist or even just reformist, but explicitly concerned with elites. Exemplifying this, the banner at Occupy London stating “Capitalism is Crisis” was removed after much debate and replaced with “What would Jesus do?”
And that is what needs restating; the 1% are out of control not because they are a conspiracy but because that is how capitalism works! And people only notice when the trickle down stops trickling! There is no pure capitalism without finance capitalism, but finance capital does not control capitalism. It is still production that is the key, because that is where ‘surplus value’ (profits) are extracted by paying people less than they produce. And in the West that mode of production is in crisis.
Enter the conspiracy
But the other very dangerous problem that comes for the 1% idea is how it leads very easily and smoothly into the idea that we are dealing with an out of control elite which operates through conspiracies. And indeed we see this all over the camps, and online, where the crazies of Zeitgeist, David Icke, and other random conspiracy theorists, often go unchallenged 
And from the idea of conspiratorial elites it is a stones throw to anti-Semitism i.e. anti-Jewish. It is suggested that Jews have historically controlled all the worlds’ finances/banks and that therefore it is their actions that are behind the crisis. This anti-Jewish bullshit is never usually overt though, the right-wing scum who push this have words and phrases they couch their lies in, but it is there. 
Another classic device these racists/fascists use is the deliberate confusion of a very real Zionism, the brutal nationalist and expansionist project of the Israeli ruling class, aided by the US, with a mythical Zionism that runs the world.  And sooner rather than later this bullshit manifests itself in reality. At the beginning of November a young Jewish woman was told to fuck off at Occupy Finsbury Square (London) as she, it was suggested, was part of the problem.