Three strikes against Wall Street

[kpete]

Three strikes against Wall Street

by Mark Sumner

"What if" is a game for suckers.

...............


If we hadn't deregulated banks and markets, we wouldn't be facing the kind of disaster that we've seen over the last three years. If we hadn't drastically reduced tax rates for the wealthy, we wouldn't have seen pension funds dry up and middle class wages stagnate. If we hadn't given corporations more and more political clout, we wouldn't be where we are—in a broken system that serves them, not us.

But what if is a game for suckers. The question isn't where we went wrong, it's what we do about it.

The occupy movement is a withdrawal of consent. It's not a war on capitalism. It's an acknowledgement that we are doing capitalism badly, and in a way that does not serve to help real people in their real lives. To repair the system will require government to step up and take action.

A good first step might be remembering that the market belongs to them, and not the other way around.

MORE:
http://www.dailykos.com/story/2011/10/16/1026834/-Three-strikes-against-Wall-Street-?via=blog_1

[Rene Descartes]

1. The first step was taken by the electorate.

The People Deserve the Government They Have Elected.

[Exultant Democracy]

2. a great misunderstanding and underestimation of the corrosive effect of money in politics

For example Tea Baggers get tricked into voting against their own interest not because they are bad people and deserve bad government but because they are stupid and taken advantage of.

The rise of neuromarketing along with the citizens united ruling more or less put the nail into the coffin of your arguments.

What we have in America and most of the world is systematic deep capture of the governments and regulatory agencies. Saying we deserve these governments is blaming the victim. Put the blame where it belongs on the 1%.

[Rene Descartes]

3. It is not clear to me why you are so willing to excuse stupidity and/or ignorance.

Is it not every citizen's responsibility to educate themselves and vote accordingly?

Has responsibility become such a politically incorrect word that we must give the electorate a pass?

[leftstreet]

4. You're calling the millions who voted for Obama stupid and ignorant?

wow