If you're like me you've probably been channel surfing, watching the American news media's "coverage" of the Wall Street Protestors. And if you have, you, like me, are probably wondering just what the heck is going on. I've come to certain tentative conclusions, which I share here:
(1) The protest is "genuine," in that it does represent an expression of genuine anger and frustration of the American people over the rudderless "leadership" of both political parties, over the fact that not one of the financial oligarchs responsible for the financial meltdown, the fraudulent mortgages and credit default swaps, have gone to jail. It is a genuine movement born of a cynicism in our political and financial institutions and their almost total unresponsiveness to the public good. It is a protest against the cynical and radical corruption that dominates the corridors of corporate and government power;
(2) The American media is doing its best to portray the protest along ideological - left/right, Dummycrook/Republithug lines, and indeed, if you've been following Faux news, there is a deliberate attempt to interview only the witless extreme left ideological morons in the crowd of protestors, and to portray the entire movement as nothing but radical socialists and indeed communists. It is, in short, the energy that the news media is expending to channel the protests into these ideological lines that makes me suspect that the power elite - to use C. Wright Mills' term - is scared, or at the minimum, at least concerned. When one sees the likes of Nancy "Do It in the Middle of The Night, just Vote on it and then we'll see what's in it" Pelosi, saying "God bless the protestors" while at the same time her relatives are in the receipt of huge largesse from the Obama Administration, then you understand how truly corrupt the institutions and people running them are.
What disturbs me, however, is how quickly the protests have been co-opted along the familiar ideological lines. Consider only the fact that the protestors cannot distinguish between corporations and cartels, which is essentially the phenomenon we're seeing. The other thing that disturbs me is the mis-directed targeting: Why, for example, are there no protests of the Council on Foreign Relations, the Trilateral commission, and the whole rotten-to-the core interests and dynasties of thugs that they represent? Where are the protests of the Federal Reserve Bank? We have seen protests against the elites before, in Seattle, and, of course, all over Europe, Greece being the premier example, but also in London, not so long ago. These protests are of a piece with them.
But the protestors do need to come to grips with the fact that it isn't "Wall Street" that is the problem; the problem is deeper, and lies with the whole edifice of corrupt central banks, of corrupt ratings agencies, and the dynasties behind them. The protests are rudderless and directionless, and that too, should give us pause, for in such vacuums demigogues often step, and behind them, their manipulators. When a self-evidently corrupt - and very rich - politician like Pelosi can intone blessings on the protestors, we know there is something wrong. And I am not the only one seeing it: