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The Meaning of Occupy Wall Street

Posted: 10/12/11 03:46 PM ET

By Matt Schiavenza.

The Occupy Wall Street movement has its base in Zuccotti Park, a small square dwarfed by the surrounding buildings of Lower Manhattan's financial district. I visited on Saturday evening, eager to see for myself what the New York Times has described as a "diffuse and leaderless convocation of activists against greed, corporate influence, gross social inequality and other nasty byproducts of wayward capitalism not easily extinguishable by street theater."

Almost immediately, I could tell Occupy Wall Street isn't a rigidly organized political movement. Amid signs criticizing the Fed, Wall Street, the banks and capitalism in general, I spotted a smattering of other activists agitating for feminism, veganism and for the emancipation of Palestine. At first, the scene at Zuccotti indeed resembled a caricature of leftist activism, complete with long-haired, hirsute revelers dancing hypnotically to the sounds of a bongo drum.

Yet a closer look revealed that this was no ordinary protest crowd. Walking along the perimeter of the park, I spoke to Sean, a clean-cut man in his late thirties sitting quietly to one side.

"I'm a blue collar guy, an electrician," he told me, "This is the first protest movement that I've ever been involved with." He adjusted his sign, which in neat letters explained his situation. He was out of work and had two children.

"Things just aren't working," he said. "The system is broken."

He wasn't the only one who thought so. Around the corner, a small group of recent University of Connecticut graduates had written their student loan debt amount on cardboard placards. Other signs cited the declining middle class. Still others mourned the American dream as an aspiration they felt only pertained to certain parts of the population.

It would be easy to deride the protestors for their political unsophistication. Few of the people I spoke to could articulate what they hoped to have happen, or what exactly they were protesting against.

But the fact that Occupy Wall Street lacks a coherent set of policy goals misses the point. Theirs is not a movement seeking to enact specific pieces of legislation like the reinstatement of the Glass-Steagall Act, or to implement changes in the tax code -- though I did see signs urging both of these things. In fact, Occupy Wall Street isn't even really about Wall Street itself.

What Occupy Wall Street signifies is this: for a significant chunk of the American population, life is not getting better and hasn't been for a long time. Over the past thirty years the American middle-class has been told that the wealth generated in the country would improve their lives, but this has not happened. Instead, the conspicuously rich have accrued the lion's share of the wealth, benefiting from friendly politicians who view them, fatuously, as the creators of the country's prosperity.

In recent days Occupy Wall Street has spread from Zuccotti Park to many other cities across the United States, and even to a few places abroad. Yet it seems appropriate that the movement began in the shadows of Ground Zero, where a decade ago a terrorist attack on American soil diverted the country's attention away from long-term problems plaguing the domestic economy. Occupy Wall Street may well represent the moment when these problems finally become impossible to ignore.

 

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By Matt Schiavenza. The Occupy Wall Street movement has its base in Zuccotti Park, a small square dwarfed by the surrounding buildings of Lower Manhattan's financial district. I visited on Saturday e...
By Matt Schiavenza. The Occupy Wall Street movement has its base in Zuccotti Park, a small square dwarfed by the surrounding buildings of Lower Manhattan's financial district. I visited on Saturday e...
 
 
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10:33 AM on 10/17/2011
Main Street has been trashed, and the blame has been laid on spending on social programs which supposedly is out of control and has driven the national debt up to unsustainable levels.

Forget all of the cuts in taxes on incomes, capital gains, dividend incomes, and estates, along with subsidies and tax give-aways for large corporations. Forget two unfunded wars. Ignore millions of jobs lost along with the loss of consumer spending those jobs represented.

Look only to gays and socialists and the unemployed and the disabled and immigrants and the poor for the cause of our economic woes. Label "Occupy Wall Street" protesters anti-American, and dismiss their grievances as baseless or incoherent.

Don't look for blame among our elected representatives who set the rules under which Wall Street and the wealthy played their games. Don't look at the lobbyists and the flood of corporate campaign contributions for an answer. Instead, blame immoral poor people, and blame the unemployed for being lazy.

Candidates for next year's elections are vying with each other over how generous they can be to the supposed "job creators", and they are arguing which of their plans will best dismantle Social Security, Medicare and Medicaid, and the Affordable Care Act. Politicians are more concerned with preventing gay marriages than with job creation. Assistance for home-heating, higher education and county and city governments is disappearing.

But don't worry. A new vision of America is on the horizon. Welcome to 1896.
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natezim
08:39 AM on 10/13/2011
Protesting against the wealthy corporations and people who have attained their wealth is understandable if you feel upset by the system as it is. That does not give the protesters the right to camp out in a public park, doing drugs, drinking booze and having open sex and destroying the pristine atmosphere of the neighborhood with the garbage they are leaving. The people who have attained their wealth in most cases have worked hard towards achieving their status. They worked for it, without expectations of being given it. This is what this country was built on!!! The protesters are seeking redistribution of wealth to be handed to them. That is an excuse for the lazy and undesirable element that has parked their sorry asses here and complain and protest, about what, that is to many, a question mark!! This protest is a non cohesive mob of rejects of their will.
04:26 AM on 10/13/2011
Occupy Wall Street: What the 1% Could Learn From Bees

http://www.buzzaboutbees.net/lessons-the-1-could-learn-from-bees.html
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OLJW00
right is right
12:11 AM on 10/13/2011
George WIll taking OWS to the proverbial woodshed...

OUCH!

http://www.washingtonpost.com/opinions/can-occupy-wall-street-give-liberals-a-lift/2011/10/11/gIQA8GyCgL_story.html
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Norma Ward
06:58 PM on 10/12/2011
Here's a look at how income inequality is growing in the United States and around the world:

http://viableopposition.blogspot.com/2011/10/income-inequality-is-society-as.html

In 2008, the richest one percent of Americans received just under 18 percent of the total income of the entire United States, up from 8 percent in 1980.
09:58 PM on 10/12/2011
So what...it is time to become part of the 1%...I am working at it...
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OLJW00
right is right
12:14 AM on 10/13/2011
Ask not what your country can do for you - but what you can do for your country...

In other words, do more yourself and stop asking for top down redistribution. Class warfare is a loser of an argument....EVERYTIME.