Occupy Wall Street is being pressured to “make demands”, “offer solutions”. I contend this is not the role of a broad-based grassroots movement, that’s the role of the elected officials.
Occupy Wall Street has been very successful so far in becoming the “Lobbyist for the 99%”. Think of it as a lobbyist who brings home to the political establishment the issues of a fraction of the constituency.
In this case, rather than lobbying for the importance of a bridge, a regulation, careful attention to the needs of the pro-choice ducks of Africa, or the pro-life elephants of Madison, they are lobbying for the not less important issue of having a country you can call home, and having a future.
For far too long, the economic-political philosophy of our representatives focused on the needs of the 1%. The idea, the hope, was that the wealth would somehow trickle down and eventually create a tide that would lift all boats. Cute idea, so it is the idea of communism. Too bad the implementation sucks.
The reality of the implementation of the trickle down theory has been a complete failure to create even puddle of mud where our kids can have a sense of how it is to live with humidity on their feet.
The entire debate about big-government, small government; tax cuts or not, it’s flawed because it’s trying to patch a broken system instead of fixing it.
Maybe back in the 1980s it was necessary to create the huge derivatives market with live with now. Maybe it accomplished some good things, but it’s not working anymore. We live in an age of de-leveraging. More debt is not possible, more money out of thin-air is not sustainable, and trying to de-leverage on the backs of the 99% is not only corrupt and unjust, but plain dangerous.
It’s not the first time in history that lobbying happens in the streets. Indeed, when the elected officials embrace unjust philosophies for too long, the discussion about the issues happens on the streets.
It’s time for the legislative and executive to wake up and smell the effect of their failed philosophy. It’s time to start asking themselves hard questions, like: do we really want to keep a parasitic class of self-serving traders creating liquidity by leveraging more and more? Or we want to have them to start unwinding their positions and move the money into productive, not merely speculative, ventures?
There aren’t many ways to get out of this situation: it’s either more cuts to social services and further social divestment, inflation, or common sense American solutions like having capital invest in companies, and not in speculation.
The Lobbyist of the 99%, is not going to give the answer, but sure it’s going to keep reminding our government that you have to start rebuilding industrial, not financial, America.
Franklin @ October 17, 2011