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Owner59 -> OWS:Not Here To Destroy Capitalism,But To Remind Us Who Saved It (10/27/2011 9:14:06 PM)
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Great piece.
Enjoy
http://www.huffingtonpost.com/2011/10/27/occupy-wall-street-isnt-h_n_1035988.html
Over at The New York Times, Nicholas Kristof has enunciated an excellent defense of the Occupy Wall Street demonstrators, aimed at dispelling the notion that the Occupiers are some single-minded mass movement targeting the capitalist system for destruction. In fact, Kristof says, "while alarmists seem to think that the movement is a 'mob' trying to overthrow capitalism, one can make a case that, on the contrary, it highlights the need to restore basic capitalist principles like accountability."
Kristof says that what Occupy Wall Street represents is "a chance to save capitalism from crony capitalists" and an entrenched system of "government-backed featherbed[ding]" that amounts to "socialism for tycoons and capitalism for the rest of us." As Kristof notes, he's seen this before: Years of covering the '90s-era Asian financial crisis brought Kristof face-to-face with the same critique. It's now unspooling in the United States and having its own deleterious effects, such as the near-intractable income inequality that was, at long last, reported on fully this week (perhaps thanks to the presence of the Occupiers themselves).
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