"Occupy Wall Street” has become something of a Rorschach test: observers find in it whatever they want to. If you consider protests a left-wing remnant from the turbulent 1960s, you’ll probably perceive the residents of OWS’s encampment as dirty hippies who foully curse the visiting bourgeoisie. If your hatred of the corporatist police-state lends you sympathy for its victims, OWS’s tents are friendly enough to tour with your teen-aged sons, eminently peaceful, and libertarian if not anarchic.
Today’s crop of central planners and big spending politicians could learn a thing or two about economics from Henry Hazlitt’s classic bestseller, Economics in One Lesson, published in 1946. Common sense doesn’t have an expiration date.
Okay, you can lift your lower jaw off the floor. I haven’t joined the dark side: My problem isn’t economic but lexical. I do hate capitalism — the term.
“Smash Capitalism” is one of the signs we saw being held by one of the Wall Street mobsters. The overriding theme of the mob is the overwhelming wish to destroy the capitalist system of profit-making free-enterprise and replace it with some vaguely defined social system. But since many of these mobsters are avowed socialists, communists, and anarchists, what we will get is economic chaos, which will lead to a dictatorship of some kind. And since the left has joined with the Islamic extremists in their aim to destroy capitalism, the dictator can easily be either an Islamist or an American socialist such as Obama. (it has been said that the main difference between a socialist and a communist is that a communist is a "socialist in a hurry.")