Wednesday 12 October 2011

Cry our disenfranchised youth..

Even if you consider yourself well-read, intelligent, sophisticated, proactive and or financially astute, chances are you haven't heard of the Occupy Wall Street movement. Described by the US establishment as a dysfunctional rag-tag group of disenfranchised youth intent on social rebellion and as a consequence dismissed by the media, these disenchanted few deserve our considered attention.

Occupy Wall Street is a self-styled descriptive label for the demonstrative Wall Street sit-in protests of ordinary men and women, mostly young, some old, who find themselves homeless, jobless and economically disenfranchised. Their plea, largely ignored by the financial media, is a thunderous silence which paradoxically proves their claim that Wall Street has an insurmountable stranglehold on US politics and commensurately on the media.

If I was you I would sit up and take notice. Understanding market structural reform and social imbalances will become key risk variables.

Corporate greed, epitomised by the colourful antics of Wall Street's captains of industry, will result in more social upheaval. People are losing hope. People are angry! Politicians, regulators and money-managers, variously shortsighted, would do well to pre-empt an inclusive strategy for the populace at large or history will record our social implosion.


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