Wednesday, October 12, 2011


I am actually heartened by both the Tea Party and the Occupy Wall Street (and growing number of cities) movements. Both of these movements are corrupt in their own way (the tea party pretty quickly was in part coopted by old school republican aparatchiks and it looks like the Occupy movement is in the process of being coopted by public sector unions) but have at their core been a vessel for the average person to express their disatisfaction (often rage) with the status quo and actually be heard. Our current fiscal situation is not sustainable, we narrowly avoided a developing economy syle financial crisis on the basis of our credibility (bulit up over two hundred years)which we have now spent, record numbers are unemployed with no prospects in short we are mired in the worst type of failure, one which are elites are largely responsible for. I think the more disruption the better. Wall Street is not creating jobs but creating rents which they are capturing and steering more capital away from productive uses and into their private coffers. Wall Street is a boil that needs to be lanced.

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