Foreign Affairs Live: Occupy Wallstreet and Inequality
- Foreign Affairs live on economic inequality and occupy wall street #ows
- Why now? George packer thinks the public was waiting for government to take steps, but they never did #ows
- Packer: in more rural locale people say ‘there is no more middle class’ #ows
- Lieberman: the 1% 99% rhetoric goes beyond the economics to something more fundamental, the appearance that govt is unable to fix it #ows
- Gary Clyde Hufbauer: inequality isn’t the problem, it’s the decline of America. #ows
- Hufbauer is making a weak case, that titans like bill gates and Oprah haven’t been helped by Washington. #ows
- Hufbauer doesn’t buy that DC should have taken steps to have stopped inequality #ows
- Gideon Rose: perhaps the hollowing out of middle class life is the outcome of a global leveling #ows
- Lieberman: the global argument is weak. The creation of large fortunes in the US are redistributing income, like Wal-mart #ows
- Packer: lobbying has exploded in the last 30 years and the special interests are getting a return on that investment #ows
- Packer: for every Gates or Jobs there are ten CEOs that have packed their board and who rape their corporations, and feel no shame #ows
- Packer: despite the tech sizzle of the past few generations life for most people is worse; they despair, and feel the system is rigged #ows
- Lieberman: to call the Tea Party populism is unfair, b/c of the support from the established conservative machinery #ows
- Packer: the Tea Party was a reaction to the bailouts and Obama, not a reaction to hard times. It’s reactionaries fueled by big money #ows
- Packer: why isn’t there a movement of the unemployment and the foreclosed? There is a better opposition, and institutions have faded #ows
- Packer: The White House is ignoring the occupiers at their own peril #ows
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