Friday, October 28, 2011

Occupy Wall Street

The Occupy Wall Street movement is calling attention to the hypocrisy of the free-market capitalist class that has enriched itself by privatizing profits and socializing loss. Our financial system is now nothing but a virtual casino wherein hardworking citizens are seen as rubes to be relieved of their savings through a process of investment legerdemain that makes Three-card Monte look like a Knights of Columbus parlor game.

Today, the signature of modern American capitalism is.... predation—a system wherein the rich have come to feast on decaying systems built for the middle class. James K. Galbraith, The Predator State


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