9/29/2014

Our Obsession with Inequality

Three years ago this week, Zuccotti Park in downtown Manhattan went from being a place bored office workers went for a cigarette break to the center of Occupy Wall Street.

Today the protesters are long gone, and the public disgust with the financial system that the movement inspired and embodied has faded. But Occupy's effects live on, in the way we talk and think about the American economy, and in the continued work of a core group of activists.

Today, 45 percent of Americans are dissatisfied with their ability to get ahead by working hard.

In 2008, just 31 percent felt the same way.

Introducing Americans to a dramatically different way to talk about inequality is a big achievement.

And while much of the change over the past six years in how Americans view the rewards of work is due to the recession, giving that shift a way to express itself is impressive.

Where you won’t find Occupy’s legacy is in American attitudes toward banks. Despite its initial aim, Occupy did not spark continued, mass disgust with the financial industry among the U.S. public.

How American’s feel about banks isn’t really even the best way to judge Occupy.

Its goals were always both bigger (changing the dialogue about the American economy) and smaller (specific policy proposals and concentrated activism) than just getting people upset at one industry.

The legacy of Occupy can be seen in things like an recent Senate hearing that is looking into “Who is the economy working for?

The impact of rising inequality on the American economy.”

Or the determined, complex work of Strike the Debt, which just bought and canceled $3.9 million in debt from students of a for-profit college.

Since 2012, it has wiped out $15 million in medical debt.

Occupy’s real but limited success shows just how hard a fight they picked.  A fight in which the outcome has already been decided by the 1% who control the way American currently live and will live in the future.


But, without the 1% it is doubtful American would live at all.

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