Wednesday, September 15, 2021

Business Insider looks at the rise and fall of Occupy Wall Street 10 years later

I'm taking a break from entertainment to look back at a major subject during the first year of this blog, Occupy Wall Street. Watch Business Insider's retrospective, Why Occupy Wall Street Failed 10 Years Ago | Rise And Fall.

Ten years ago, it seemed like Occupy Wall Street would change America. The movement that started in New York City's Financial District spread across the nation in weeks. But it died out as quickly as it started. What happened to Occupy Wall Street and did it even make a difference?
I pretty much agree with former Labor Secretary Robert Reich, that the movement was good at attracting attention and directing it to the economic, social, and political problems, but didn't have a strategic goal or activists who would work to achieve it. However, it wasn't a waste of effort.

As I wrote on the first anniversary of my blogging about the protests, "One year later, the participants may no longer be camping out in Zuccotti Park, but they did turn economic inequality into a major subject of conversation..." Reich and others pointed out that it made the candidacies of Bernie Sanders and Elizabeth Warren possible and served as a model for the Black Lives Matter and Climate Strike protests, all of which I supported. So, Occupy Wall Street failed in the short term, but set up other long-term movements that have goals and strategies to achieve them. It also showed what not to do. That's just as important a lesson as its successes.

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