Skip to main content

Posts

Showing posts with the label Occupy Wall Street

An Objective For Occupy Wall Street

Since medieval times, corporations have been legal formats created by the government, such as the Crown, Governor, Legislature, etc., to enable citizens to do business as a group. As the American colonies developed and won their independence, corporations for the most part remained in the background. (The Boston Tea Party, wherein the Sons of Liberty dumped 342 crates of British East India Company tea into the ocean, was a notable exception.) The vast majority of Americans at the time lived and worked on small family farms. The real threat was the unilateral, unaccountable power of King George III, and the founders of a new nation, skeptical of that kind of power, formed a government of checks and balances to prevent any one branch from getting too powerful. Although corporations were not mentioned in the Constitution, Thomas Jefferson famously noted that representative government’s purpose was “to curb the excesses of the monied interests.” After the American Revolution, corporatio...

The Occupy Wall Street Movement

     It was no surprise that all the articles on the National News page of Monday's newspaper were concerned with the “officially” ended recession and various reactions to it. The major story discussed whether the ongoing “Occupy Wall Street” (OWS) movement is here to stay or will just fade away as so many social movements have done in the past. I will get to the other articles shortly.      The OWS movement is based on the premise that the one percent of households who control the “vast majority” of the nation's wealth do so while the remaining 99% are suffering as they struggle to make ends meet. Just as the Missouri mule skinner had to get his student's attention by hitting him with a baseball bat, I believe the term “vast majority” was picked out of the blue in order to get the attention of potential sympathizers; I do not believe that using fictitious figures will help the movement.      Don't misunderstand me – the true...