Tuesday, October 04, 2011

The Heart of OccupyWallStreet

The British are deft with words – is every Briton born a wordsmith? – and today The Guardian has come close to defining the heart of the American Spring now taking place in many cities there (my highlights):
But the ultimate failure here is of imagination. What we are witnessing can also be seen as a demand to finally have a conversation we were all supposed to have back in 2008. There was a moment, after the near-collapse of the world's financial architecture, when anything seemed possible.


Everything we'd been told for the last decade turned out to be a lie. Markets did not run themselves; creators of financial instruments were not infallible geniuses; and debts did not really need to be repaid – in fact, money itself was revealed to be a political instrument, trillions of dollars of which could be whisked in or out of existence overnight if governments or central banks required it. Even the Economist was running headlines like "Capitalism: Was it a Good Idea?"


It seemed the time had come to rethink everything: the very nature of markets, money, debt; to ask what an "economy" is actually for. This lasted perhaps two weeks. Then, in one of the most colossal failures of nerve in history, we all collectively clapped our hands over our ears and tried to put things back as close as possible to the way they'd been before.

Perhaps, it's not surprising. It's becoming increasingly obvious that the real priority of those running the world for the last few decades has not been creating a viable form of capitalism, but rather, convincing us all that the current form of capitalism is the only conceivable economic system, so its flaws are irrelevant. As a result, we're all sitting around dumbfounded as the whole apparatus falls apart.

Well said!

If you want to check the spread of the OccupyWallStreet insurgency, click on this site - it's the occupytogether.org site.

No comments :

Post a Comment

Thank you for commenting; come again! Let us reason together ...

Random posts from my blog - please refresh page for more: