The Financial Times published an editorial yesterday supporting the Occupy Protest movement.
In part it says:
So far the protests in the US have been largely peaceful. They may be diffuse and inchoate. But the fundamental call for a fairer distribution of wealth cannot be ignored. What is at stake is the future of the American dream. The bargain has always been that all who work hard should have an opportunity for prosperity. That dream has been shattered by a crisis brought about by financial excess and political cynicism. The consequence has been growing inequality, rising poverty and sacrifice by those least able to bear it – all of which are failing to deliver economic growth.
The frustration of protesters railing against the global financial system, and of the 54 per cent of Americans who polls suggest support their calls, is legitimate. The wonder is why it has taken so long for citizens to come out in popular protest across political boundaries. For the last three years, the country has been paralysed by a political gridlock that has put its future on the line.
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Politicians in both camps have failed to spot and channel the righteous anger of those who have seen government spend billions on bailing out banks, while bickering over how to create jobs or educate children. One opportunity after another has been squandered – most recently in the failure promptly to pass a proper jobs bill.
It ends by saying that this “cry for change” must be “heeded”. I invite you to share your thoughts about the future of the Occupy Protest.
About Wayne Kolenchuk
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