There is a lot of discussion on all sides of the political debate about what is exactly going on in Zucotti Park with all the tree hugging hippy crap. They are either a potentially unruly, anti-Semitic mob fomenting class warfare or a group of unfocused kids with legitimate issues who need to publicize their demands and specific legislative goals. These guys and gals really cannot catch a break.
Though this is hardly groundbreaking and has been stated by others before, I think what they are protesting is quite clear and I think a main issue was presented quite clearly in the 2010 documentary "Inside Job". The film examined the causes and aftermath (or, rather, the continued consequences) of the Great Recession. Personally, I found it very interesting but thought that it went a little heavy in the demonization of Wall Street. Specifically, the attempts to link risky investing behavior with wide spread cocaine use and fun with high priced hookers after hours, on the banks' dime, were patently ridiculous IMHO (I know many i-bankers and cannot say I've see that once). What "Inside Job" nailed though, and what I think is the main issue for many, many OWS protesters, is the incestuous nature of Wall Street, the government and academia. In theory, Wall Street is supposed to be both a self-regulating body as well as regulated by government agencies with those in academia providing an additional, unbiased, check. In reality, all of these are interrelated with government officials moving back and forth between government and banking and professors at eminent educational institutions such as Harvard and Columbia making large sums of money writing papers financed by interested parties and serving on the boards of many banks and Fortune 500 companies. Everyone has a personal interest in the status quo leading to numerous conflicts of interest that are rarely addressed (don't even get me started on rating agencies... this post is running long enough).
Considering that the Great Recession is a product of a system rife with conflicts of interest that led to failures in both outside and self regulation, it is not surprising that a mass of people (those 99 percenters) would be generally angry that any and all attempts of renewed regulation are being shot down. Dodd-Frank is rife with holes and the GOP is constantly trying to defund agencies integral to reform. The banks scream about how regulation will cut into (record) profits and a return to Glass-Steagall is seen as beyond the pale despite the fact that it prevented such recessions for the better part of 60 years (more on this in the future most likely). It's enough to make anyones blood boil.
Long story short (well, not really), 1. watch "Inside Job" (as long as you take some of the rhetoric with a grain of salt) and 2. everyone should give the OWS protesters a break. They have some legitimate beefs and they are expressing their constitutionally protected right of (peaceful) free speech. Only hostage takers make demands ('Sup Mitch McConnell?).
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