Smagmuck_ said:
Okay, find me a photo with someone who has actually lost their job, and not people with Liberal Arts degrees, Anarchists, or people who don't know how Capitalism works and than I will get back to you. The majority of video feeds and photos I've seen are disgruntled young adults that have willingly gotten themselves into debt. And I reinforce this with the fact that if you look at any OWS photo of "Police Brutality" you may very well see someone with an iPhone, BlackBerry or Palm. Does that sound like someone who has "been cheated by the system"?
Upon that, yes, I do agree that we need to pay off the world deficit, but doing it in this fashion isn't going to solve anything.
I'm not too sure you are too keen on the working of modern Capitalism, otherwise you wouldn't be saying 'people who don't know how Capitalism works' in conjunction with complaining about people complaining about a broken system. Just writing that sentence was painful enough.
Keynesian theory of economics is what we live in today, it is not Capitalism in its John Locke envisioned form, and I doubt it is the Capitalism that many people are taught about in school. We live in a world of fiat domination where work is rewarded with 'stuff' that has no value outside of the value someone says it has. Then we trade that 'stuff' for tangible valuables, or we save it to spend it later, and the chain goes on and on. This is pretty much high school economics for Capitalism: I do work, I get paid, I am happy, I compete to do better, if I succeed I get paid better, I am happier. The problem that arises, though, (and this is where Keynesian thought comes into play) is what has been happing since ~1913: printing money to stimulate/foster the stagnating private and/or work sectors which at the same time devalues your 'stuff'. How do you trade 'stuff' for tangible goods when said 'stuff' has a value that is inversely proportional to the amount of ink at the Fed? How does a person save 'stuff' when his 'stuff' losses value for every turn of printing press? Now a person has to work harder to make his 'stuff' go the same distance as it did before because his wage of 'stuff' hasn't changed. Little by little this leads to people losing their motivation or becoming akin to indentured servants just so that they can get that next shiny iPhone... and this doesn't help the economy, or the private sector, or people. It just leads to joblessness, more and more poor, and a decline of your middle class.
And then...! The government swoops in to save the people from the problems it created. It puts into place a welfare system to keep the people fed and happy (fear of the mob), systems it cannot pay for or support without printing more money... and the cycle spirals out of control. When the invisible hand of Locke's Capitalism became very, very visible and called: big government, you know something went wrong.
What we have today is, quite simply, a failing Keynesian Model of Economics hiding a very entrenched and rotting system of Croony Capitalism.
And this had nothing to do with the rioting as I doubt many of them know any of this... but, at least, let's not whine about people whining about a broken system. No system is perfect, all systems fail, and as any history class will quickly teach you: they all end in one revolutionary form or another. There is no such thing as: "Don't complain because you don't understand." That is as irrelevant now as it was to the peasants in the French Revolution. People do not need to understand anything, they will tear down everything, good or bad, if it inconveniences them or until they are put down.