Sunday, October 30, 2011
Letter to Occupy Wall Street
On OWS public forum, I posted the following. I'll update with the comments I receive.
Corporations are greedy by definition. Government should not be.
I get excited seeing the OWS movement grow. But why is so much of the focus on corporations, and not on the federal government? By definition, a corporations sole purpose is to turn a profit for their shareholders.To hold corporations accountable is like saying you are angry at water because you don't want water to be wet. Corporations wouldn't exist without greed.
Government sets laws and rules for corporation to function within, and in the past decade, both republicans and democrats have removed critical laws that created the financial mess we are in. An example is the Glass-Steagall act, which had kept investment banks and commercial banks separate. The government made a big mistake by removing Glass-Steagall, and to this day has not corrected the problem.
Does anyone agree with me that much of OWS efforts are misguided?
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