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The Forum > Article Comments > Why the Occupy Wall Street movement hates business > Comments

Why the Occupy Wall Street movement hates business : Comments

By Peter Shergold, published 17/10/2011

Something serious is going on. It was the Harvard Business Review, no less, that earlier this year published an article premised on the prescient view that the 'capitalist system is under siege'.

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Sorry, diver dan, don't understand a word you wrote.

>>Pericles:... The misnomer “unregulated greed has destroyed the Capitalist system” is designed to capture sympathy by the lie it is, you have fallen into the trap<<

I don't believe I wrote that "misnomer", so I couldn't have "fallen into the trap". My point was that you should not confuse greed with capitalism. One is a human failing, the other is an economic system.

>>You criticise the subordinate, Adam Smith, as deficient in outlook by acknowledging his reference to balance, but a balance there is<<

In no way did I criticise Adam Smith ("subordinate" to whom?), I simply made reference to his valid theories about the behaviour of markets. The fact that he had no idea that people would become so incomparably greedy, that they brought the concepts themselves into disrepute, is hardly his fault.

>>...the real point is, capitalism is the antithesis to morals<<

Absolute nonsense. Capitalism has a very moral foundation - Smith's own speciality was moral philosophy, his first book was entitled "The Theory of Moral Sentiments", and his "Wealth of Nations" was underpinned by his position on the "nature of morality... Propriety, Prudence, and Benevolence."

And when in thrall to purple prose, make sure you get your metaphors in order...

>>unprecedented fury is unleashed from the gunnels of wall street<<

Anyone attempting to unleash fury from gunnels will find it very tough going, as they are a species of rather small fish.

But if you actually meant gunwales, any boat owner will tell you that unleashing any level of fury from them - let alone the unprecedented variety - is likely to capsize the craft.

Happy fulminating. I'm sure it must be good therapy for you.
Posted by Pericles, Monday, 17 October 2011 3:11:58 PM
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Diver Dan
"The moral way has no duty in law and as a consequence has no duty in a society of capitalism; beat your chest all you like, the march of capitalism is moving exponentially towards a conclusion of total domination and will achieve its aim by conquering the influence of morality totally."

Perhaps you should revisit the first two laws of thermodynamics.

Then you should consider that in the end the only thing that drives corporate success, wealth creation and the economy is cheap energy.

We are at the end of growth and corporate greed is going to take us all down together, and for what reason? who seems to know?
Posted by Geoff of Perth, Monday, 17 October 2011 5:35:42 PM
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hopefully protestors are a 'informed' lot...see where things are heading, and trying to do something...anything...which is better than rest of us...continuing with same old...until we start hurting by which time things have gotten out of control...and the people who caused it are no where in sight, then new 'obamas' appear promising to 'fix it up'...but never happens...

than protests rooted in fear...then it becomes a blunt force, and who knows where it will head and effect it will cause...

for a start...basic cause here...this piece of paper we have in our pocket with number on it...that says its worth $10, and you can, and have been buying $10 worth of 'real' goods for your use for so long you take paper to be worth the number written on it...

following is a reasonable explanation of how paper became used as representative for 'real' asset. The author leaves out a lot, but presents enough facts to help one understand where we are...

http://www.youtube.com/watch?v=JXt1cayx0hs

so...this 'money' is what corporations\wall-street\banks are craving for, and its value? nothing but what its given by YOU...as a promise of 'work' you will do(driving a truck all the way to using babies as easy life ticket)...for which you will get pieces of paper with numbers on it...of which a part MUST be paid as TAXES...which is SECURITY the CENTRAL banks of I think by now all countries in the world DEMANDS(now you know are PRIVATE corporations whose sole purpose of existence is to make a PROFIT...yes!the reserve bank of Australia is private, like US federal reserve)LENDS the country paper money on interest...to use as an intermediary for buy\sell...

until we the common man recognize that our LABOUR is the only REAL assert here...that creates real things...and that is what the 'controllers' NEED and have to keep demand up for us to 'WANT-TO-WORK'...and nothing like boosting the 'our-want' to work like causing some hunger, yes, as in no food for lack of money...(American depression-which led straight into world war11...voila, everybody was happy to work albeit killing other humans...this will not end...but it must...

sam
Ps~note key words...
Posted by Sam said, Monday, 17 October 2011 10:45:02 PM
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Pericles:

I enjoy the confusion created from “comprehension over-aim”.

…What subordinate indeed!
Adam Smith = subordinate to capitalism!

…Your claim = A two part capitalism:
Capitalism has no “Siamese twin”, it is one morphic mess, inclusive totally and fundamentally of the human species, and his money! = “How beautiful the woods”!

…Ah: the sentence (linguistic, Law or mathematical logic)?
The English sentences do not embody the information that a processor requires to make common sense out of it! You did manage though? I admit to being my own editor! “See, how dangerous are Wales, even when outgunned”! OR, “another Gunnel-do cried Wyatt Earp to “Doc” Holliday”.
Motive is also an interesting concept: My time on OLO is for entertainment not education fortunately; and very entertaining it is too.

Tip: Diver-Dan will only appear on these pages during bad weather
Posted by diver dan, Tuesday, 18 October 2011 2:17:54 PM
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In considering the contribution of the ruling class to the well-being of the world we would do well to follow the biblical advice "by their fruits you shall know them"!

What have they delivered since 1914?

Amongst others here is a short list :-

(1) Two world wars with millions killed
(2) Communism with millions of victims
(3) Capitalism with millions of victims
(4) Sales of arms to over 100 countries
(5) Two Significant Global Depressions
(6) A hyperinflation which destroyed Germany
(7) Inability to control dictators and genocide
(8) Young people sacrificed in Iraq and Afghanistan
(9) Alliances with corrupt dictatorships

Isn't it time for all politicians, economists, bankers and journalists to re-apply for their jobs, with only the best chosen?

The ruling class are paid excruciatingly unjust amounts to bring havoc to the majority. They have succeeded in concentrating their wealth while demonstrating their total incompetence

Everything they claim to have achieved could have been achieved without their damaging interference, incompetence, negligence and promotion of violence.

They were incapable of predicting the economic downturn and appear to have no vision for a better future, let alone a short term fix.

There are two professions with which we entrust our lives :-
(1) Engineers who build safe bridges
(2) Doctors who perform safe operations

A panel of trusted professionals should re-hire a minimum number of administrators from the huge pool of incompetents provided by the ruling classes. I doubt whether more than a handful would be found with enough integrity to regain their former authority.

Best Wishes and Life's Blessings

Friar Hilarius
Posted by Friar Hilarius, Tuesday, 18 October 2011 4:04:08 PM
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Hello everybody, Actually it started here with these guys http://www.youtube.com/watch?v=rQ_vOhg3wB8&feature=like-suggest&list=UL the other 98%, the middle classes or formerly silent majority, if you talk to them the figure comes from the 1% filthy, stinking, super rich, international banksters + the 1% of loony left, international socialists who conspire with them, to destroy us all, 1%+1%=2%.

Globalisation was invented by the loony left, trots, SWP, etc so they could foment the glorious revolution.

http://www.youtube.com/watch?v=gc5E6pvDv2Y&feature=channel_video_title

http://www.mailstar.net/xTrots.html
Posted by Formersnag, Tuesday, 18 October 2011 6:32:11 PM
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