Sheldon Richman on What Occupy Wall Street Gets Wrong


When the Occupy Wall Street protestors rail against the 1 percent they typically have the banking establishment in mind. Steve Jobs may have been a 1 percenter (as are many popular sports and entertainment figures) but he was not the object of anger. Rather it is Goldman Sachs, Bank of America, and JPMorgan Chase that get the brickbats. There is a sense that Wall Street is up to no good. And in light of the last several years, writes Sheldon Richman, this is an entirely justifiable attitude. Big, well-connected players in banking and finance were at the heart of the housing and financial debacle, in partnership with the government, of course. Free-market advocates should hold no brief for any of them.