The View From 1776

Self-Destructive Economic Ignorance

George Reisman on Occupy Wall Street

Posted by .(JavaScript must be enabled to view this email address) on 11/23 at 01:11 AM
  1. Reisman constructs a straw man which he then proceeds to attack.

    "The obvious solution that they imply is for the ninety-nine percent to seize the wealth of the one percent."

    One of the characteristics of the "Occupy" movement is that there is no spokesman or leader and no demands have been made.

    The complaint of many of the occupiers is different from what is alleged by Reisman. Many point out that because of the accumulation of wealth on Wall Street that the street has Congress in its pocket and has co-opted the government to serve the investor class instead of the general population.

    Whether you believe this to be socialist sentiment, that is a far cry from the allegation that the occupiers are attempting to "seize the wealth of the 1%.
    Posted by .(JavaScript must be enabled to view this email address)  on  11/23  at  05:14 PM
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