Some Pundits Like The Occupy Wall Street Protests

This article explains why Fox News, and other pundits with a similar agenda, have not convinced American's that Occupy Wall Street is a bad idea. Many American's believe that Wall Street has not done its job. Banks are supposed to allocate capital to its best uses by the private sector. Wall Street has been more intent upon allocating capital to increase the compensation of its executives and traders. Perhaps they are responsible, in part, for the poor performance of the real economy. They have left the job of investing in new businesses to venture capitalists. They make their money by the fees they collect for taking the new businesses public. During the dot com boom, fee generation was more important than doing due diligence on the numerous failed businesses that they sold to investors. The dot com bust was no accident and neither was the real estate boom and bust.

While the focus on Wall Street is justified. There is a related concern about increasing income inequality and the impact that it has had on government. They want to restore democracy so that government represents the interests of ordinary Americans and is not captured by lobbyists who represent the interests of those who can afford to pay their fees. The lobby industry has been one of the fastest growth industries in America for a good reason. They provide an enormous return on investment to their clients.