Occupy Wall Street is the flip side of the Tea Party movement. If the Tea Party movement was a protest against the expansion of governmental reach and the growth of federal deficit; then Occupy Wall Street is a protest against the failure of government to protect the people from the dark side of capitalism. It is also a generational struggle, as the Tea Party is representative, although not exclusively of the baby boom generation; the Occupy Wall Street is representative of generations Y and Z who believe the American dream is beyond their reach.
They see the American dream and the ethos of America destroyed by:
- Rampant partisan politics. Rather than solving problems the two parties spend their time of demonizing the other side.
- Big business who excesses are ignored as they maximize profits at the expense of the their customers.
- Business executives who are paid huge salaries regardless of whether their corporation succeeds or fails.
- The repeal of the Glass-Steagall Act, which allow the glass wall between commercial banks, investment banks, and insurance companies to be knocked down.
- A Tax structure that favors the rich and punishes the middle class.
- That government is no longer “of the people, by the people, and for the people.”
- The belief that globalization has caused the export of jobs at the expense of the middle class, and which benefits the rich.
- Large mega banks that maximize profits on the backs of the small depositor.
This is not inclusive, what is fascinating is this movement is not confined to the United States, rather appears to have resonates throughout the western world. See the Daily Mail, Telegraph, Der Spiegel, and Sydney newspapers for headlines.