Everyone should stop citing youtube clips with random hippies. Sure there are plenty of Vegan touting, Yoga in the streets protestors out there but they are the first ones highlighted by the media and
do not represent the movement no more than seeing a video of a cop beating someone actually means all cops beat innocent civilians.
I am surprised that the Tea Party 'rs are not joining them. This was what the Tea Party was all about in the beginning correct? Now the TP movement seems concerned about traditional Republican issues like immigration and abortion but it STARTED OUT with anger at the banks. The banks that practically brought this county's economy to a standstill.
The subprime mortage crisis was created by the banks and our lack of banking regulation. Particularly the repealing of Glass Steigal, which would have prevented traditional banking institutions like Citibank from speculating with your savings deposits.
Glass
Does anyone remember when these institutions FAILED? Remember that WE the taxpayers bailed out the banks that were affect by those failures
=> socialization of private enterprise for private profits.
- AIG
- Lehman Brothers
- Bear Sterns
- Washington Mutual
- Countywide Financial
- Merrill Lynch
Those are just the institutions that failed. There were so many others that would have failed but were saved* by the US government.
******* OWS ******
The OWS movement is about people being outraged at a system that has resulted in 20 years of stagnated wages while the rich have gotten richer. Wages have stayed flat while people have been led to believe they can live the middle class lifestyle because of easy access to credit. All the while, healthcare costs have increased drastically leaving the average worker will less disposable income than he had 10 years ago in the same job.
Over the last 20 years America's overall GDP has increased and wealth among the top has grown even more drastically. Yet 40% of Americans have ZERO wealth, ZERO. Despite this, we are the richest nation in the world. Often citizens confuse income and wealth - don't do that. Income and wealth are very different, wealth is distributed in stocks, bonds, property. I think the average American does not realize just how rich, "rich" is these days.
*** Capitalism is not going anywhere but it can be regulated and progressively taxed ***
I don't think capitalism is going away but perhaps we need to stop rescuing banks and start investing in our kids futures.
I don't want to live in a future where there are no public school systems and the top 1% control everything. It is bad enough right now where the 20% control 84% of the wealth and just 400 families have more wealth than 150 million Americans.
If you want to do some research look up "wealth distribution America" in the google.
:jaw drop:
To quote Warren Buffet, America's leading capitalist "there is a class war going on and my side is winning"