Friday, August 3, 2012

Life Lessons On busy Wall street

The young habitancy who started the Occupy Wall road protest a few weeks ago are about to learn some foremost lessons about life in the grown-up world.

Lesson One: If you don't have an objective, person else will be glad to give you one. In this case the "someone else" means both labor unions, which have been fighting a losing battle to mobilize favorite support, and the Democratic Party, which is searching for ways to feed collective antagonism toward the financial commerce without reducing the value of anybody's 401(k).

Lesson Two: Protesting against something is beneficial if you want to preclude change. If you don't want Wal-Mart arrival to your town, you protest against Wal-Mart. But if you legitimately want change, you have to be for something. Until the union activists moved in, Occupy Wall road was not for any singular thing that I could determine. It was just against Wall Street, anyone that means.

Lesson Three: You don't drive a car from the outside. You need to have your hands on the controls. This, incidentally, requires you to learn how to drive. habitancy marched for civil rights, which was good and important, but the civil ownership movement ultimately progressed because Congress changed laws, lawyers brought lawsuits and judges made judgments. If you want to make an personel impact, rather than just be part of the crowd, you have to regain skills that put you in the driver's seat. Most protest gatherings, like the anti-austerity protests ongoing in Greece, simply vent collective frustration without ultimately changing anything. Convert requires an achievable goal and the know-how to accomplish it.

There is both naiveté and cynicism surrounding the Occupy Wall road protest. It reminds me in many ways of the protests by young French citizens in 2005 and 2006 against "précarité," or precariousness, in their lives. A photo of a Paris march from that time shows a banner that reads, "No to précarité, for a real growth in buying power, no to dismantling the labor code," as though the state could somehow warrant jobs for life and rising productivity. (1) There were similar sentiments here at the time, and many complaints about rising income inequality and a stagnant minimum wage (which was raised in 2007). Now, a lot of habitancy look back on 2005 or 2006 as the good old days.

I guess a more direct inspiration for the current protest was the tent city that sprouted this summer on one of Tel Aviv's most fashionable boulevards. It was started by young Israelis who were upset at the high cost of housing in Israel, though it morphed into a broader query for "social justice," apparently defined as some aggregate of higher wages and lower prices.

Even in the current post-bubble era for U.S. Real estate, young habitancy in New York City have much to complain about when it comes to housing prices. They seldom make the relationship in the middle of the absurdly tight rental market, which makes New York one of the few places where renters customarily pay commissions to brokers, and the price controls on rents that have been in consequent (in varying forms) since the city declared a housing accident in 1947.

Many of these young habitancy are saddled with debt left over from college, and they are struggling in a stagnant economy and stalled job market. It is probably safe to say that many were Obama supporters in 2008 and that most will still favor him next year - if they are motivated enough to vote at all. And I guess a lot have a history of "progressive" sympathies, such as advocating for living wage laws back on their college campuses. I apologize for the generalizations, but there is, as yet, no "Occupy Wall Street" platform that I can quote.

But outsiders will be happy to supply one soon enough. Unions have taken a drubbing in elections and state legislatures all over the country, and they are happy to make coarse cause with the protesters. Unlike unemployed twenty somethings, however, the unions know exactly what they want: card-check organizing rules, collective bargaining ownership for collective servants (who trade against the politicians they help elect), pension and condition benefits that don't exist in the inexpressive sector, and higher taxes - which most of the Occupy Wall road protesters will someday pay - to cover the bill.

Some friends told me last weekend that their 23-year-old son was among the marchers in lower Manhattan. I don't know the young man, but he is unemployed and seeing for work as a computer programmer. Knowing his parents and his educational background, I am clear he is very smart, and probably going to earn a good living for himself someday.

Which makes me wonder: If some of those Wall road firms being protested set up a table and held a job fair across the road from the protests, would they draw a crowd? It's an captivating reasoning image.

Such events always pose the risk that fringe elements, such as the clowns who rioted in Seattle during a 1999 meeting of the World Trade Organization, will subvert the protest to their own agenda. Police overreaction, the granddaddy of which was at the Democratic convention in Chicago in 1968, is also a risk, but one which - in a mild way - protesters would welcome for its publicity value, as in last week's arrests on the Brooklyn Bridge.

The more likely outcome, though, is that these protests will simply be co-opted by the existing power structure of the political left. Democrats are eager to find person to run against in 2012 as they struggle with their party's own report on the economy. The bogeymen of selection have thus far been the Tea Party, the elusive "millionaires and billionaires" and, intermittently, Wall Street. The party that produced the economy that left these young habitancy frightened and unemployed will tap them to protest their own fear and unemployment.

That's the cynical part.

I have a warm spot in my heart for young people. It's hard to make your way in an adult world where you gradually, but inevitably, learn that a lot of habitancy will cheerfully lie to you or manipulate you to their own purposes. You find out that there are at least two sides to every story, that there are very few pure heroes or villains, and that problems are easy to identify but maddeningly involved to solve. And you find out that despite all your parents may have done to make your life secure, the world is, indeed, filled with précarité, and that no whole of protest can make it go away.

Source:
1) Cicilie Among The Parisians, "Security à la français: précarité and insécurité"

experie nced Life Lessons On busy Wall street experie nced


No comments:

Post a Comment