Are progressives mindlessly putting 401(k)s at risk?

An associate of mine forwarded me a website from a group called Adbusters calling for a massive public demonstration on Wall Street in September. They hope to occupy this tiny district of Manhattan for months, a la the demonstrators in Egypt. Apparently, they feel the Mecca of capital markets is to blame for the corruption in Washington.

They claim America is a “corporatocracy,” not a democracy. They’re calling for the president to establish a commission to end “the influence money has over our representatives in Washington.” They imply a certain disgust with the “too-big-to-fail” corporations’ undue influence in our legislative arena and demand the reinstatement of Glass-Steagall (and, oh by the way, the closing of 500 military bases – perhaps unintentionally revealing their true intentions).