Occupatience.
This has been quite a year. Who would have thought it? One that started with massive uprisings in the middle east and is ending with a major economic justice movement in the United States - perhaps even more unlikely than the popular overthrow of Mubarak. Now we've seen renewed attempts to evict the protesters from Zucotti Park and other encampments across the country, but as many have said, you cannot kill an idea. The Occupy movement has gotten people accustomed to standing up again. And to paraphrase Dr. King, a man - even if he's a millionaire - can't ride on your back when you stand up straight.
And contrary to what is argued by Ayn Rand acolytes like Paul Ryan and (Ayn) Rand Paul, the wealthy truly do ride on the backs of working people. That has always been the case. Rand imagined the world being brought to a standstill by a wealthy, innovative class of overlords who withhold their beneficent participation in Rand's dystopian top-down economy. The truth is, they are far more reliant on us than we are on them. Sure, the wealthy can choose to invest their capital in ways that create jobs. But where did that capital come from? How does an industrialist, a banker, an entrepreneur, an oil executive gather all that wealth? Mostly through the under-compensated labor of millions of workers.
The supply siders are always touting small businesses as the primary engine of our economy, so let's use them as an example. Take a small to medium-sized privately held company. The owner hires people to create whatever product or service the firm sells, whether it be mint jelly or Web applications. Increased productivity means fewer workers doing more work, so the incentive is always there for small business owners to lay people off and shift their responsibilities to their fellow workers. This happens all the time, as anyone who's ever held a job in a small company knows very well. This is the process by which fortunes can be made. If those workers refuse - if all workers withhold their labor, Galt-like, that's what would bring the whole thing to a halt. We've seen owner-less factories work just fine everywhere from Argentina to right here at home. Name one worker-less factory.
The occupy movement shows that we have a long road ahead of us. But thanks to them, we can say - astoundingly - that we've actually begun that journey to a better nation.
luv u,
jp
And contrary to what is argued by Ayn Rand acolytes like Paul Ryan and (Ayn) Rand Paul, the wealthy truly do ride on the backs of working people. That has always been the case. Rand imagined the world being brought to a standstill by a wealthy, innovative class of overlords who withhold their beneficent participation in Rand's dystopian top-down economy. The truth is, they are far more reliant on us than we are on them. Sure, the wealthy can choose to invest their capital in ways that create jobs. But where did that capital come from? How does an industrialist, a banker, an entrepreneur, an oil executive gather all that wealth? Mostly through the under-compensated labor of millions of workers.The supply siders are always touting small businesses as the primary engine of our economy, so let's use them as an example. Take a small to medium-sized privately held company. The owner hires people to create whatever product or service the firm sells, whether it be mint jelly or Web applications. Increased productivity means fewer workers doing more work, so the incentive is always there for small business owners to lay people off and shift their responsibilities to their fellow workers. This happens all the time, as anyone who's ever held a job in a small company knows very well. This is the process by which fortunes can be made. If those workers refuse - if all workers withhold their labor, Galt-like, that's what would bring the whole thing to a halt. We've seen owner-less factories work just fine everywhere from Argentina to right here at home. Name one worker-less factory.
The occupy movement shows that we have a long road ahead of us. But thanks to them, we can say - astoundingly - that we've actually begun that journey to a better nation.
luv u,
jp
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