Is Occupy Wall Street Protesting Capitalism?

Andrew Sullivan —  Oct 13 2011 @ 8:02am


TNR's editorial says yes: "we are hearing calls for the upending of capitalism entirely." Nicole Gelinas differs:

Contrast the capitalist world in which Jobs lived with "capitalism," as the U.S. government has applied it to the big banks against which the Zuccotti Park crowd is—imperfectly—protesting. If you’re a bank or an insurance firm, and you create a product that your investors and your regulators can’t understand in a crisis, you aren’t punished, as Apple was when it released products too complex for its customers. Instead, you get rewarded with bailout money. It’s hard to argue with the Zuccotti protesters’ manifesto on this point: "They have taken bailouts from taxpayers with impunity."

(Image from The Cynical Economist)