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

To attack Wall Street is to attack Main Street. Politicians (and their mass media underlings) seem to forget this. Apparently, so do social activists.

By Chris Carosa | Updated on August 03, 2011

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).

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