Opinionated @ CFE

Occupy Wall Street and Missed Opportunities

Oct
05

Right now, large protests are going on in New York City and are starting to spread to other cities. People fed up with being out of work, with losing their homes, and with the powerful interests who caused the problem getting all kinds of favors have hit their breaking point. After a few years of changing out the bums in Congress (I won’t go so far as to say they were thrown out), they have no faith left in the political system to resolve their problems. And yet, somehow, the reform-minded economic right has completely blown the opportunity to sell their solutions.

What are many of them doing? For the most part, they’re busy insulting the┬áprotesters. The endless barrage of jokes about worthless liberal arts degrees, living in mom’s basement, and not showering are a sophomoric and demeaning way to reply to anyone who is suffering. In contrast, the left is out there standing in solidarity selling the illogical idea that the government that caused and perpetuates the problem can somehow fix it. If you were one of those people, who would you be listening to?

This is a missed opportunity to push for the destruction of crony capitalism and the decentralization of public and private power that creates and reinforces it. People are angry for the right reasons. Banks got trillions of dollars for destroying the economy so that they can now foreclose on the people to whom they fraudulently sold bad mortgages. Colleges are calling loans on degrees they’ve been hyping, overselling, and over-pricing for decades, a collusion across an entire industry. Congress is continually passing laws with no relevance to the problems of the common man despite having been significantly turned over in the last several elections. It’s the perfect storm to finally dismantle the systems that are killing the country.

By blowing this opportunity and engaging in tone-deaf messaging, you can almost bet that the solutions will be more of the same. More regulation that will be manipulated to create winners and losers. More ruinous over-spending on programs that promote dependency instead of independence. More members of Congress who say they feel our pain but simply create it. I suppose I shouldn’t expect any better from the guys who have been promoting the low-information tea party.

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