Conrad Black gives the 99% some advice
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And they are going to have to do a lot better than their present counter-cultural, urban guerrilla reform plan: restoration of Glass-Steagall, more vigorous prosecution of financial criminals, reversal of the Supreme Court “Citizens” decision on electoral campaign financing by corporations, adoption of Warren Buffett's tax proposals, restaffing and hyperactivation of the Securities and Exchange Commission, tighter rules against regulators becoming employees of those they formerly regulated, and the end of the "personhood" of corporations.
This too is just a rag-bag of simplistic liberal flummeries; Nancy Pelosi claptrap. An Occupation of Wall Street to monumentalize the already very imposing (at six feet, eight inches) Paul Volcker and to adopt the tax suggestions of one of Wall Street's most ruthless and accomplished sharks, good old Uncle Warren in his viyella shirt and corduroy trousers (who paid less than $7 million on income of $63 million last year), is a piquant confession of the innocence of the Occupiers once they get south of Canal Street. And if they imagine that they are going to achieve anything desirable from the SEC, the supremely redundant appendix of American public life, or the under-worked, over- analyzed, colonnaded embourgeoisement of the American legal jungle complicit in the disappearance of the Bill of Rights into the sunset of simpler and more honest times, they are terminally naive.
Maybe start here…..
If the Occupiers want to be more than an evanescent magic carpet for a gaggle of hacks, gasbags and kooks, they will have to produce a leadership and a program worthy of being taken seriously as an alternative to what they are protesting against, and make alliances with other dissenters. Right now, they are just like the idiots who smash up the McDonald’s outlet at Davos each year, the anti-globalists at G7, G8 and G20 meetings, who are the football hooligans of political protest. They should stop invoking the fraudulent Arab Spring (now reduced to the massacre of Christians in Egypt and of Kurds in Syria) and attacking the Tea Partiers, who agree with them about bailouts, banks, monopolies and political corruption, and who got there first and have scores of congressmen and many millions of dollars. The Tea Party doesn't have to try to run a Tentifada in Lower Manhattan to get any attention, and doesn't need a publicity-seeking, gonzo, Marxist harridan like Naomi Klein as a drawing card.
They must leapfrog the Tea Party and not go to a war with it in a contest they can't win. The Occupiers must recognize, as the Tea Party does, that capitalism is the only system that works, as it is the only one that conforms to the almost universal human desire for individual gain; and that the pursuit of gain will almost always, by its open-ended objective, lead to a crack-up eventually. Governments almost never have the least aptitude to deal with the resulting shambles, but there is no one else to do it, as governments make and enforce the laws, assess and collect and dispense taxes, and control the money supply.
The Occupiers must realize that they are not railing against a few crooked bankers and politicians, but against the American commercial, political, academic and media elites who have failed across the board. None of the central, lending or investment bankers, academic economists or financial media, or supposedly economically literate politicians saw this crisis coming, except for a couple of wingy professors and hedge fund managers, who took the concept of voices in the wilderness to Hansel and Gretel forest depths.
The Occupiers should denounce the shameful effort of the bipartisan political class to blame this mess exclusively on private sector greed, when it was the Clinton and Bush administrations that forced the financial industry into trillions of dollars of worthless real estate-backed securities in pursuit of higher family home ownership levels (and larger campaign contributions from the building trade unions and the real estate developers). The bipartisan political class had the brainwaves of outsourcing scores of millions of jobs while admitting tens of millions of unskilled, illegal migrants; and borrowing trillions of dollars from China and Japan to buy trillions of dollars of cheap and luxury goods (largely from China and Japan) that America formerly made for itself.