Judge Posner has some interesting and, I think, accurate thoughts on the Occupy Wall Street movement.
Briefly, he suggests that the movement was sparked by imitation of the “Arab Spring” movements facilitated by the advent of low cost organization tools provided by social media and fueled by economic anxiety arising out of the 2008 depression. He figures the police made a tactical mistake by busting heads; without that, the encampments would have died on the vine as winter set in and conditions deteriorated.
The grievances he identifies as income inequality, lack of jobs, and (perceived anyway) baleful influence of financiers. He concludes:
Railing against income inequality, job loss, and banking abuses is thus understandable, but it doesn’t do any good. The “Occupiers” are anarchic and disruptive, and the solid middle of American society, which rejects the Tea Party because of its goofy ideas, is likely to reject the Occupy movement because of its style, while broadly sympathetic to its antipathies. But if the movement attracts charismatic leaders amidst a stagnant or worsening economy, it may become a force in American politics.
I think I disagree with Judge Posner in the sense that OWS shifts the parameters of the “national conversation.” If you don’t have a left edge (even a disagreeable one) talking loudly about economic inequality, the centrist “common wisdom” will fall ever further to the right on such issues.