Tuesday, October 18, 2011

occupy wall street.

I like the Occupy (insert developed world city here) movement. Something in the capitalist system is not working, and it needs to be addressed. I'm not claiming to have any answers about what exactly the problem is, but I know something is wrong. I can feel it my bones.

At the heart of the Occupy Wall St. Movement is the complaint that current financial markets are not regulated properly. Archaic banking practices, high-risk investments, and a bottom line driven solely by profits have combined to create a system vulnerable to exploitation by greedy goblins. Wall street occupiers claim old economic rules no longer apply; for example: rational expectations, which are: "economic situations in which the outcome depends partly on what people expect to happen".

What I don't like about Occupy Wall street, is how other advocacy groups have attached their agendas to the occupation movement. In order to bring about meaningful and effective change to the West's banking systems the message cannot be diluted with things like: climate change, social injustice, and environmental concerns. All of these things are inextricably attached to the impacts of capitalism, they are important and deserve attention; but let's just focus on bad banking practices (hasn't that been the major inconvenience of the past 5 years?). Policy makers will take the movement more seriously and it will be easier for them to affect change, if the priorities are direct and specific.

 I also don't like references in the media relating Occupy Wall St to the Arab revolutions. They are entirely different. Arabs have faced decades of stagnation and oppression, while Wall Street occupiers have only been affected for the past decade (the major shift coming after 9/11).

I have two videos that compare the political media perspective from the left and right. Notice how each media group, from opposite ends of the political spectrum, uses people at rallies to portray their message. The first video is of left-leaning media interviewing stupid people at a Tea-Party rally and the second video is of right-leaning media interviewing stupid people at the Occupy Wall Street movement. Media from across the spectrum are guilty of interviewing a small select sample of individuals and using that to represent the entire movement.

It just occurred to me this video may not play on all computers, try the link:
Ari Horowitz on GBTV
 p.s. I am well aware that 95% of what comes out of Glenn Beck's mouth is garbage.

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