Does this “Occupy Wall Street” Have Legs?
In an interview with a NY radio station, Mayor Bloomberg mentioned that a revolution will be coming to US soon if the jobs situation doesn’t change quickly.
Well, it took less than two weeks for a leaderless, mostly unorganized, protests under the banner “Occupy Wall Street” hit the streets of the City for which he is the mayor. He himself became the first elected official to deal with the protestors. Some in his police force brutalized the peaceful crowd. (See my earlier post: And so it Began)
Tomorrow these protests enter week 2. It appears that the support for the movement is growing and spreading to other cities. Today in Boston about 3000 people protested against Bank of America. Twenty four arrested. In NY city, crowds blocked Brooklyn Bridge, and hundreds were arrested. [Keep in mind 3 years after the Lehman bankruptcy, till today not even a single bank executive was arrested for his/her actions that caused banks to collapse, people to lose jobs, life savings evaporate into thin air.]
No, I don’t think this is the “pitchforks and torches” moment yet. But, it appears that this movement has some legs. We have to wait and see.
On related matter – for a few months, I have been writing on the topic of revolutions on this blog (here and here). On my Sept 30th internet radio show, a caller asked me about this subject. Here is my response (in Telugu language).