Occupy Wall Street

In the summer of 1885 William R. Travers, prominent NYC businessman and builder of Saratoga Race Track, was vacationing in Newport, Rhode Island.He pointed out a long line of beautiful yachts tied up in the harbor. When he was informed that they all belonged to Wall Street brokers he simply asked, " Where are their clients' yachts?"


The above quote is legendary and has been made immortal by Fred's books "where are the customer's Yachts." Wall Street has always been a subject of scrutiny and as we enter the Day 27 of the Occupy Wall Street movement, I cannot help but wonder if it is a fad or lifestyle.

Is it the Arab Spring of the West? Is it a Hollywood remake of the Lokpal movement in India? What exactly is it? Well no one has the answers for sure.


Let me play the Devil's advocate for a while. Wall Street has been instrumental in generating wealth for many in the U.S. and across the world. America is what it is due to it's capitalistic structure. I do agree that Crony Capitalism is not healthy, However it also has its pros and not completely evil as being projected vide the Occupy Wall Street Movement.


I am not a prophet for Capitalism but Communism in its purist form has not moved mountains. Maoism has led China to the abyss of economic failure. It was Deng Xiaoping and his philosophy of " I don't care if its a white cat or black cat, It is a good cat as long as it catches the mice" that put China firmly on the road map to success and the results are here to show.


Freedom of speech is the greatest thing which happened to mankind , but the abuse of it is not warranted. 

I cannot help but feel that Occupy Wall Street movement does not have a proper agenda or a plan of action. The power of  social media is at its epitome and there is enough testimony to the fact that it can overturn governments and cause uprisings. However if the same medium is used to educate people i.e. make them more aware of the facts, it will help channelize the energy towards a better future for all.


Well, what happens next remains to be seen and maybe when I write my next blog on this topic the status might have changed to :


WALL STREET- OCCUPIED.


-Saurish