What is Wall Street to do about this fall’s Arab Spring?

What is Wall Street to do about this fall’s Arab Spring?

 

 

Those who happened to walk through the Financial District this weekend may have noticed the crowd of twenty/thirty “some-thing” beatniks gathered in Zuccotti Park (Broadway and Liberty Street), holding up revolutionary cardboard signs which castigate the American financial system and “all of its evils.”

 

What is Wall Street to do about this fall’s Arab Spring?

Taken from Bloomberg

Occupy Wall Street, the self-proclaimed “leaderless resistance movement,” is being backedby the anti-consumer group, Adbusters. In observing these protests, not only is there no visible leader and face of the movement, but there is seems to be no single substantive goal which people are willing and able to fight for. Simply decrying the “abuses of Militarism and the legal jurisprudence behind corporate personhood” cannot sustain a movement.

So in asking, “What is Wall Street to do about its occupation,” the answer is nothing. This movement will fizzle out as long as it merely protests nebulous concepts and doing nothing more. Unlike Occupy Wall Street, the Arab Spring was targeted against either a leader or a government. Most importantly, it was disruptive and desperate; an all or nothing effort. Meanwhile in New York, it is business as usual for the so called “corrupt financial institutions” (most are actually now located in midtown or Jersey City).

The Protesters of the Arab Spring were brave and organized enough to make real change. The same cannot be said of the beatniks in Zuccotti Park; they still have too much to lose and nothing to fight for.

What is Wall Street to do about this fall’s Arab Spring?

 

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