Thursday, October 27, 2011


The Occupy Wall Street demonstrators are learning what Wall Street already knows, that people respond to incentives:

The Occupy Wall Street volunteer kitchen staff launched a “counter” revolution yesterday -- because they’re angry about working 18-hour days to provide food for “professional homeless” people and ex-cons masquerading as protesters.
So, lets get this straight: the Occupy Wall Street crowd want to re-distribute income from those who have it to those who don't. Like many deontologists, they ignore the trade-offs created by their principles.


  1. I think the primary message of OWS is being missed here. While some on the fringe may advocate simple re-distribution of wealth, the majority of informed citizens are simply calling for a better system of checks on the financial system, and reduced corruption between major banks and the officials designed to keep those banks in check. Joseph Stiglitz called the current arrangement "not capitalism... but a distorted economy", where we have privatized gains and socialized losses among those well-connected in the halls of power (whether they be in lower Manhattan or Washington).

  2. The "primary message"? How can one discern the primary message from the rest of the nonsense. Have you listened to them speak? Those that claim to be in the 99% are a bunch of babies...

  3. OMG! Someone who isn't in the top single percentile of earners is doing well for themselves! Clear proof that our economic system is all well and good. Thanks for clearing that up, Matt. You're an inspiration to all us underachievers.