Wednesday, 5 October 2011
Wall Street Protests: Time to Press the Economic Reset Button?
Peaceful protests against an economic elite. A violent reaction from authorities. Political polarization and growing unrest. Some months ago, these words could have described Tunisia on the verge of the Arab Spring. Today, they describe the United States.
Just like the Tunisians, the Americans protesting on Wall Street have a legitimate grievance. A small elite took the economy in a dangerous direction, robbing the majority of economic opportunities. The United States lived beyond its means through a decade of cheap credit, and now it is paying the price. The problem is that the people who lived high on the hog before are not necessarily the same ones making sacrifices today.
http://bigthink.com/ideas/40446
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