Monday, 17 October 2011

Occupy Wall Street

Before Occupy Wall Street, there was clear consensus and proof that Wall Street traders and big bank mortgage lenders were responsible for the debt crisis we're seeing around the world. There were also a lot of people who thought that giving bailouts to the same banks that caused the problem was not okay. There were also a lot of people who were upset when those same banks continued to hand out massive bonuses after taking taxpayer money, setting up the same crisis to happen all over again. And yet when some average citizens finally can't take it any more and decide to protest this corrupt system and pattern, the debate gets totally off track and starts to focus on the people protesting?

Let's focus on the real problem: capital and profits are being kept private, but losses and risk are being shifted onto the public. "We like free markets until we lose money" is a fake free-market where the government exists just to gather taxes that are then funnelled to corporations. And these corporations are run by people who are not being held accountable.