EconoMonitor

Last Days of Rome

Why Occupy Wall Street Has Legs

A new survey by National Journal found that about 59 percent of adults agree with the protesters. Only 31 percent disagree. People, even those who might normally write off the movement at Zuccotti Park as a left-wing fringe or a bunch of rent-a-marchers, see something different this time.

The core complaint in the disorganized chorus of other issues — that Wall Street banks nearly destroyed the American economy and then fleeced its taxpayers on the way out the door — is neither divisive nor partisan. It is, in the mind of a majority of the American public at least, simply true. A vocal minority — many of whom will tend to congregate in places like financial sector blogs — will disagree. I do not.

The way this basic complaint resonates across political parties – no, not across the leadership or big mouthed ideologues of political parties, but across the rank and file — may be why, unlike countless other movements since the golden days of American civil disobedience in the 1960s, Occupy Wall Street appears to have legs.

It explains why average New Yorkers keep showing up with food donations and tarps; why other “Occupy” sit-ins and marches have sprouted in cities from Los Angeles to Athens; why people like Robert Halper, a former vice chairman of the New York Mercantile Exchange just down the street, volunteer some of their time to help.

Most of all, it explains why New York’s police have been kept at bay in spite of a major who launched his career at an investment bank, Salomon Brothers, and city laws on public gatherings, security and sanitation that could easily be used to force the protesters to disperse.

For more on this, check out my column in GlobalPost today.

 

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