Alright,
it is clear that conservatives don’t like the Occupy Wall
Street movement.
Rep.
Eric Cantor (R, Virginia) characterized the protestors as
a mob.
One Fox News host even called the protestors dirty
and useless. Glenn Beck said they are only interested in
destruction, while his compatriot Ann Coulter compared
them to Nazis and the beginnings of totalitarianism.
And
presidential candidate and former pizza guy Herman Cain
called them un-American
and against Wall Street. “They’re the ones creating the
jobs,” Cain said of Wall Street bankers and brokers, adding
that those who are not rich or are unemployed should blame
themselves.
Now,
for those in the media and in politics who make a career
out of bashing poor and working folks - and are paid handsomely
to look out for the interests of the Koch Brothers and others
who belong in that select group of 1 percenters - there’s
no surprise here. But what of ordinary, hardworking and
struggling people who call themselves conservatives? How
should they feel about the goals of this nascent movement
that appears to be gaining steam? And why do some of them
vote against their economic interests?
One
should note that recent
polls find huge majorities - Democrats, Republicans
and independents alike, even the wealthy - supporting tax
increases for the richest among us. This would suggest there
is a broad consensus demanding fairness in the American
economic system.
And
really, that is all the Occupy Wall Street people are asking
for. Their website says “We are the 99%
that will no longer tolerate the greed and corruption of
the 1%.” The message is simple and makes a lot of sense.
Wages
have stagnated or fallen for working people, and poverty
is on the increase. And yet, those with the most are accumulating
even more everyday - not necessarily because they are deserving,
hardworking and ingenious, though some may be. Rather, the
haves became the have-mores because the have-nots have less.
This is called upward wealth redistribution, and it is a
matter of public policy, including regressive tax policy
that favors corporations and the rich on purpose.
The
wealthiest 1 percent now owns 40
percent of the nation’s wealth, whereas they only claimed
33 percent 25 years ago. Meanwhile, the top 20 percent own
85
percent of the wealth, and the bottom 80 percent is
left with 7 percent - effectively zero. U.S.
inequality is greater than at any time since the Great Depression,
and greater than most
OECD nations. America
is a banana republic.
If
F.D.R. saved capitalism from itself years ago, he also saved
America from capitalism. What is needed today
is what Martin Luther King Jr. called a “radical revolution
of values,” as “an edifice which produces beggars needs
restructuring.”
A
few people control the wealth in this country, and those
people control the system of governance. American politics
is a scheme operating on legalized bribery. Money has corrupted
the Democrats and the Republicans alike, especially Republicans.
But even President Obama, who rode on a wave of populism
and a demand for reform has appeared beholden to that Goldman
Sachs money. Just look at the Wall Street lackeys doubling
as his team of economic advisors these first three years,
not to mention ill-advised policies, or lack thereof, on
jobs and the financial system.
And
the masses are angry because they are struggling, as they
see the banks rewarded, by government, for their greed and
failure. The banks wrecked the economy and now the working
stiffs are paying the price. The
TARP was in the hundreds of billions of dollars, while the
Fed gave a total of $16
trillion in financial assistance to U.S. and foreign financial institutions from 2007
to 2010 - more than the nation’s 2010
GDP of $14.5 trillion.
The
Tea Party was right to oppose the TARP bailout, but something
went wrong along the way. Actually, they were hijacked by
billionaires, if not a creation of them to begin with. And
while they have every right to be angry, as many of us are
these days, their anger is misplaced and misdirected. Their
enemy is misidentified.
Conservatives
proclaim that they believe in freedom and the free market.
But freedom never meant the right of a handful to steal
most of the nation’s wealth, run roughshod over the rest
of us and wreck the country for a buck. Further, ours is
not a free market capitalist system. Rather, it is a system
of subsidized corporatism where only the people are forced
to sink or swim. And increasingly, America
is looking like feudalism, and most of us are serfs or sharecroppers
spinning our wheels and going nowhere. Perhaps some people
think that is a good thing.
Meanwhile,
the Republican Party - which is a 100 percent certified
water carrier for Wall Street - is adept at making its voter
base believe its interests are aligned with that of the
party’s funders. When it comes to the American Dream, these
are the true Kool-Aid drinkers.
Part
of the GOP’s success is its skill at sidetracking its base
with contrived cultural issues. So, rank-and-file conservatives
are kept busy hating undocumented Mexican immigrants, with
promises to ban Sharia law, gay marriage, abortion and voter
fraud, and other issues that have no positive impact on
their economic well-being.
Yet,
in this crisis of U.S.-style democracy and capitalism, conservatives
are hurting like everyone else. Who knows what conservatives
are conserving these days, but it is hard to conserve when
there’s nothing left. That’s why even
they need to support Occupy Wall Street.
BlackCommentator.com Executive Editor, David
A. Love, JD is a journalist and human rights advocate based
in Philadelphia, is a graduate of Harvard College and the University of Pennsylvania
Law School. and a contributor to The Huffington
Post, the Grio, The Progressive
Media Project, McClatchy-Tribune News Service,
In These
Times and Philadelphia
Independent Media Center. He also blogs at davidalove.com, NewsOne, Daily Kos, and Open Salon. Click here to contact Mr. Love.
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