It remains to be seen whether the Occupy Wall Street protests will change America’s direction. Yet the protests have already elicited a remarkably hysterical reaction from Wall Street, the super-rich in general, and politicians and pundits who reliably serve the interests of the wealthiest hundredth of a percent.
A succinct and eloquent explanation of why the Occupy movement is prompting such a hysterical reaction. As Krugman argues:
“Wall Street’s Masters of the Universe realize, deep down, how morally indefensible their position is.”
Too many gems to list here. Go read it now.