Walter Russell Mead is getting it right about the utter selfishness of the boomer generation and how it is bankrupting our governments, thus leaving government incapable of public services for the next generation.
This story is about more than just high gas prices or taxes. It’s yet another case of the boomer generation stealing from younger generations. Besides promising themselves fat pensions that they refused to save money or tax themselves to pay for, the boomers let the country’s infrastructure run down. The next generation is already staggering under a rising tax burden, student loan debt, and retirees’ massive health care bills. On top of all this, they now have to pay through the nose just to keep the roads, bridges, and tunnels in good repair after years of neglect and deferred maintenance.
The Wall St. Journal reports that more high school students are taking college courses for credit.
The number of students under age 18 enrolled in community-college courses rose more than 50% in the past 10 years, to about 855,000 for the 2011-2012 academic year, according to the American Association of Community Colleges. The group says most of them are in dual-enrollment programs.
This is a great boon for the students, who get better teachers, more intensive classes, and the experience of college. Not only that. By getting college credits for free while attending high school, these students cut down on the time they will have to spend in college, and thus the cost of college.
As good a deal as taking college courses in high school is, it also is an indictment of our high schools. Once again, instead of actually spending the money and effort to make high schools worthwhile, we are creaming off the best of the students in high school and sending them to courses in colleges, leaving their lower-performing peers to suffer through poor classes without even the benefit of their more ambitious peers. This is, of course, better than the status quo.
One unintended consequence of the migration of high school students to college courses is waste. Because the state pays for these community college courses and counts the high school students in the formula increasing public support for the colleges, taxpayers are double paying, paying both for the high schools and for the community colleges, which are educating an overlapping population. At a time of high desperation in government funding, providing dual systems for educating the same students is poor planning.
There are two obvious answers. Either re-tool high schools to make them more ambitious and better or allow students to simply skip high school and attend community colleges for free in place of high school. Much of what goes by the name of education in high school is a sad waste. We should either radically improve it or simply eliminate it. One idea between these two is the early college model, pioneered by Bard High School Early College, which gives all students 2 years of college credits during the four years that they are in publicly financed high schools. The early-college model has much to recommend it and it is certainly a better solution than sending high school students to attend classes at community colleges. The fact that high school students are looking to take courses outside of their high schools should spur efforts, in many directions, to change those schools. Or maybe we should follow the kids and gradually replace the last two years of high school with publicly funded college?
A U.S. District Court Judge ruled late yesterday that college students from Bard College, Marist College, and other local colleges could indeed vote, even though the local Dutchess County Elections Commissioner had refused their registrations, because they left the Room number of their dorms off of their registration forms. Here is the short story in the Mid Hudson News:
Poughkeepsie area college students, who were denied the ability to vote in the election by Dutchess County Elections Commissioner Erik Haight, may so do after all. Haight maintained they did not properly list their campus addresses on their voter registration forms. But, US District Court Judge Kenneth Karas ruled late Monday they may, in fact, vote on Tuesday. The students from The CIA, Marist College and Bard College filed a class action lawsuit against Haight and the Dutchess board of Elections maintaining they do have the right to vote. The students were represented by the New York Civil Liberties Union and their law firm. “This is a victory for voting rights,” said NYCLU Legal Director Arthur Eisenberg. “The right to vote is preservative of all other rights in a democracy, and deserves the strictest constitutional protection possible.”
That college students vote is important for many reasons, above all because acquiring the habit of voting early will increase the likelihood of someone's voting throughout their life. Voter participation rates for young voters are pitifully low. We should be encouraging young people to get involved and vote. Instead, county commissioners around the country pull out every trick in their power to prevent students from voting.
In Dutchess County, where Bard is located, there are two arguments against student voting. Most cynically, the county is heavily Republican. College voters are thought to be Democrats, although this is not always as true as one believes. In any case, these towns are often small and the presence of a large number of students can at times tip the balance in close local elections.
The less cynical and more principled reason for limiting the student vote comes down to a question of community. Locals argue that students are not actually part of the local community. They have not decided to make their lives there, but are simply visiting the community for four years on their way somewhere else. They resent the fact that these young interlopers who often have little connection to or understanding of the community will have an outsized influence on local politics.
The mistake in such reasoning is that the students are part of the local community. Bard students, to take just one example, live in Dutchess County. They use the buses, drink the water, and shop in the stores. These students bike on the roads and walk the streets alone at night. They also work in the bakeries and babysit the children of many locals. They have a strong stake in the flourishing and safety of the community and as young adults they have a right and an obligation to be involved. They also have a choice to vote with an absentee ballot from their home or to participate in the local politics where they are spending four years. Many do care about the community and to deny them that civic right of participation is wrong.
There is, however, one crucial difference that separates young voters from other voters—most first time voters do not and have not paid taxes. It is much easier for young voters to demand services from government, to vote for school bonds, to support tax increases, and to generally support big government because they have not yet had the experience of looking at their paychecks and seeing how much money is taken out for taxes. I do understand why locals can be resentful of a large block of young and idealistic voters who, from the perspective of the conservative community members, don't understand the struggles and values of the working people in the community. But that is not an excuse to exclude them from the ritualistic practice of self-government.
You can read more about the lawsuit at the Bard Free Press.
The crisis must matter.
The most important divide in political and intellectual life today is between those who see society undergoing a transformative crisis and others who believe that the basic structures the 20th century industrial welfare state will persist.
The divide over how to understand the crisis of our times was front and center at the recent Hannah Arendt Center conference "Does the President Matter? A Conference on the American Age of Political Disrepair."
A number of speakers worried about the language of crisis. They rightly see talk about a "crisis" as code for an attack on the institutions of the welfare state. It can be an excuse to not only scale back the unsustainable aspects of our entitlement programs, but also to lower taxes on the wealthiest Americans while doing so.
It is true that many want to misuse the crisis as an attack on the poor and the middle class; that potential abuse, however, is not an excuse to deny the fact of the crisis itself. It is simply no longer possible to responsibly deny that we are living through a transformative crisis that will change the character of America and much of the world. The drivers of that crisis are many and include technology and globalization. The effects are profound and won't be fully understand for decades. At present, the first consequence is a crisis of institutional authority.
We in the US have indeed lost faith in our basic institutions. We don't trust scientists who warn us about global warming; we doubt economists who warn us about debt; we deny doctors who tell us that vaccines are safe. Very few people trust politicians or Ph.D.'s anymore. In fact, according to a 2009 General Social Survey, there are only two institutions in the United States that are said to have "A great deal" of confidence from the American people: the military and the police. This faith in the men with guns is, as Christopher Hayes writes in The Twilight of the Intellectuals, deeply disturbing. But it is not an illusion.
According to John Zogby, who spoke at the Hannah Arendt Center Conference last weekend, the crisis of faith in institutions is widespread and profound. Zogby said:
We call this the greatest economic crisis since the Great Depression and it is. But this is much more than that. This is a transformational crisis. Much more than simply the Great Depression, this is equivalent on the global stage to the fall of the Roman Empire. To the demise of Feudalism. What we have at this moment in time is a myriad—if not almost all—of our familiar institutions unprepared to deal with multiple crises all at once. Whether it is the federal Government or the near bankrupt states or the Democratic Party or the Republican Party or the banking institutions or the brick and mortal halls of higher education. Whether it is the Boy Scouts of America or the Roman Catholic Church, a number of our institutions that make up the superstructure of our society are simply unprepared to deal with the force of change, where we find ourselves.
Zogby was not the only speaker at our conference who noted that "our minds as well as our institutions have not caught up with the failure that they represent." Tracy Strong pointed to the outdated capacity of political primaries and Jeffrey Tulis spoke of the ways that Congress has, over the last century, increasingly abdicated its governmental and constitutional responsibilities. Institutions today spend more resources on self-sustenance (like fund raising) than on problem solving. Today our most important institutions are not only unable to solve the problems we face; the institutions have themselves become the problem.
Walter Russell Mead compared our current period to that era of American politics between 1865 and 1905. Mead noted that few people can name the presidents in that period not because of a failure of leadership but, rather, because in that period the U.S. was going through a cultural and societal transformation from, on one level, an agrarian to an urban-industrial society. We today are experiencing something equally if not more disruptive with globalization, technology, and the Internet. It is a mistake, Mead argued, to think that government or any group can understand and plan for such profound changes. There will be dislocations and opportunities, most of which are invisible today. While Mead offered optimism, he made clear that the years before the new institutions of the future emerge will be difficult and at times dark. There is little a president or a leader can do to change that.
Todd Gitlin and Anne Norton spoke of Occupy Wall Street and also the Tea Party as U.S. movements founded upon the loss of political and institutional power. Gitlin began with the widely quoted quip that the system is not broken, its fixed, an expression that feeds upon the disaffection with mainstream institutions. Norton especially noted the difficulties of a movement that at once decries and yet needs governmental power. The one constant, she rightly noted, is that in a time of institutional decay, those with the least to lose will lose the most.
Rick Falkvinge, founder of the Swedish Pirate Party, situated his party precisely in the space of institutional distrust that Mead and Zogby described. Falkvinge noted that the primary value held by 17 year-olds today is openness and transparency, which he distinguished from free speech. While free speech respects the rights of government and the media to regulate and curate speech, the radical openness embodied by the new generation is something new. The Pirate parties, for example, follow the rule of three. If three members of the Party agree on a policy, then that policy can be a platform of the party. There is no hierarchy; instead the party members are empowered to act. Like Wikileaks, with which it has strong affinities, the Pirate Party is built upon a profound distrust of all institutional power structures that might claim the authority to edit, curate, or distill what ought to be published or how we should govern ourselves.
Hannah Arendt wrote frequently about crises. "A crisis," she saw, "becomes a disaster only when we respond to it with preformed judgments, that is, with prejudices." The recent Arendt Center Conference sought to think about one particular crisis, namely the crisis of leadership in responding to the various crises that beset our age. It was born from the sense that we are increasingly confronting problems before which we cower helpless.
There are, of course, dangers and pitfalls in leadership. I too worry about calls for a leader to redeem us. That said, the coming seismic shifts in our world will bring great pain amidst what may be even greater opportunity. Without a workable political system that can recognize and respond to the coming changes with honesty and inspiration, chances are that our crises will morph into a disaster. Our President must matter, since men rarely accomplish anything meaningful without it. How a president might matter, was the theme of the two day conference.
If you missed the conference, or if you just want to review a few of your favorite talks, now is your chance. The Conference proceedings are online and can be found here. They are your weekend "read".
We face a challenge of leadership; there is a void in our body politics that remains to be filled. First, expectations of the president need to re-evaluated. The public’s perception of the president is unrealistic and inflated. A CBS News/New York Times poll in March 2012 reported that 54% of people believe the president “can do a lot” about gas prices.
Our economic recession adds another dimension to the public’s bloated expectations. In the wake of the 2008 economic recession all eyes turned on what the President-elect would do once in office. People believed and still do that the President had the ability to fix the global economic meltdown. The public expected the President to solve our economic problem without understanding that in the globalized neo-liberal regime markets are highly connected. It is no longer possible for a single country to ameliorate the effects of an economic meltdown.
The president will only matter in this century if it is first addressed how we perceive the president. He is neither a deity nor a dictator. His actions in an increasingly filibuster-happy congress are limited. The public’s expectations must be re-evaluated and shaped to accept reality. The president cannot solve all our problems; the very fabric of the American constitution prohibits the president from securing more powers. The justified fear of an autocrat prohibits action. This tradeoff was accepted by the founding fathers and it must now be accepted again.
Once expectations are adjusted, how then does the president matter? The president will matter as long as he can engage citizens in our democratic process. The pervasive idea that democracy is simply voting has filled the minds of millions. The civic and democratic institutions lie asleep in times where the market prevails. People have given up on government; they see it as an artifact to be studied in history books. The president must see his role as protector of our democracy; he must be its biggest champion. This cannot only be done through rhetoric alone. The president must help foster an engaged citizenry that actively participates in our democracy.
The danger to our politics does not come from terrorist it comes from a citizenry that is not informed, does not participate, and could care less. When the media suggests the president must rise above politics the only way that can be done is to address the inherent problems in our current political system. It is to remind citizens of the price paid by their forefathers for political rights. The president must become the chief persuader thereby helping bring citizens into the political fold. The only way for the president to matter in this century is for people to see him as a protector of this great experiment and not merely as passerby.
These leaders will come from the left and the right alike, engaging citizens should not be a partisan issue. They must also come with a historical understanding of our democracy and American institutions. This does not mean they will rise from academia, but that their understanding cannot be informed by current political debates but rather by history. New political leaders must accept a non-politicized history that seeks truth.
Facts have become politicized, each side molding it to their own advantage. Objective truths are irrelevant because each side has been allowed to massage it. On August 28, 2012 New Jersey Governor Chris Christie lied by omission. He gave the keynote address at the Republican National Convention claiming that there has been a New Jersey come back. That his policies have worked and all it takes is serious leaders to tackle our problem. He claims he cut the state deficit while decreasing taxes. The governor forgets to mention he also cut pensions, teachers, firefighters, and many others. What is more glaring is New Jersey’s unemployment rate at over 9%. The myth is created allowing Governor Christie to become a hero in the Republican Party. The truth does not lie with either party. A new leader must inform citizens of the reality rather than try to score political points. This may be impossible but it is the only way that the president will matter.
People are tired of the partisan bickering; Obama’s unemployment rate is just as bad as Governor Christie’s and yet both sides claim victory. A president will not matter until he can acknowledge the fundamental problems at hand. For a leader to matter he must stand for something greater than his own party. He must stand for citizen participation and access to information. A leader would not claim victory but would relate to citizens the problems we face and the solutions they believe will solve it. They must acknowledge when those solutions do not work. It is a pragmatic president that will matter in this century, one who is willing to suffer the consequences of failed policies for democracies sake.
The Millennial generation will inherit a troubled world by the year 2040. Their ability to lead will prove extremely important. They will be the heirs to the American dilemma. The hope is that they rise and fill the leadership void not as past generations have done, but as new leaders different and emboldened by a fight for a vibrant participatory democracy. It is John Dewey that should inform what a new president needs to fight for. “[T]he task of democracy is forever that of creation of a freer and more humane experience in which all share and to which all contribute.”
 John Dewey, “Creative Democracy—The Task before US
As I wrote on Friday, the election this year presents a challenge of moral leadership on debt, taxes, and entitlements. This is neither a Republican nor a Democratic position, but a moral argument that claims the center. The point is that we have a moral obligation to keep our debt at manageable levels. And given the sacrifices that now will entail, we have a further moral obligation to spread the sacrifice around, making the wealthy suffer along with the middle classes and the poor.
A similar argument has been made by Pete Peterson, founder of the Blackstone Group and Chairman of the Peterson Foundation. Peterson has been fighting a lonely battle to support the idea that tax cuts for the wealthy are immoral at a time of heavy debt and that we have a moral obligation to leave our children a world without excessive debt. Here is an interview from Mother Jones describing his failed attempt to convince George Bush of this point a few years back. The takeaway:
And I said, "Sir, I didn't say tax cuts were immoral. I said tax cuts for people like us, before you've solved the costs you're going to be passing on to your kids, is in my judgment immoral. But you could just tell by his steely response that tax cuts are part of the [Republican] theology.
If inequality matters, is it rational? David Grusky writes that much of the economic inequality in our economy is irrational, the result of rules and practices that irrationally keep pay high for a small group of college graduates and CEOs.
While many argue that inequality needs to be addressed by higher taxes, Grusky argues that inequality has causes deeper than the system of taxation:
But the takeoff in inequality cannot be explained by tax policy alone. To the contrary, as economists Emmanuel Saez and Thomas Piketty have shown [see their response to Grusky], there has been a dramatic rise over the last 30 years in pre-tax income inequality. The share of pre-tax income flowing to the top 1 percent of households increased from less than 10 percent in 1975 to more than 20 percent now. This spectacular increase in market inequality is of course exacerbated by changes in after-market taxation. However, because the takeoff in inequality is mainly generated within the market, we should look to market institutions to understand its main causes.
Grusky shows that beyond tax raises, it might be better to focus on two other causes of inequality: unequal opportunities in education and unjustified CEO pay. Since there remains a premium paid for college education and especially for elite college educations, increasingly the educational opportunities and preparation of more people would be one way to address income inequality. And since CEO pay has skyrocketed beyond market justification through the use of toothless boards of directors and suspect compensation consultants, leading to economic rewards beyond market justification.
Governor Mitt Romney released his taxes for the last two years today. He refused to release earlier records. These two years of records are from the years when he knew he was running for President for the second time.
We can assume they are to some degree cleansed of the most egregious of offenses. That said: Wow!
As my friend John Drabinski just wrote:
Romney has Cayman Island, Luxembourg, and Swiss bank accounts (I'm sure that's patriotic), made over $20 million and paid a 13.9% rate (wtf?!), and I'm telling you, if folks don't flip out over this, then we deserve what we get in this country.
Romney's tax rate is below 15%! That is even below the capital gains rate and the unjustifiable carried interest rate for hedge fund investors. Why? Because he has tax havens and secret Swiss bank accounts that he uses to reduce his taxes. He just closed a Swiss bank account (not fast enough I guess).
This is disgrace. Someone who uses the gray zone of tax haven law to hide his income is not simply playing by the rules. Money in tax havens is protected from taxes, but also from regulations and disclosure rules. I am not saying Romney broke laws. But he wants to be President, the personification of the public spiritedness of the nation. To hide money around the world in tax dodges and secret accounts sends a clear message: protecting my money is more important than paying my fair share to the country. While this may be legal, it is hardly a recommendation for public service.
Unfortunately, Romney's approach to financial secrecy is all too common amongst the people in his elite circle. It is one thing to have a low capital gains rate tax for investment in equipment and factories. That does spur investment. I would favor a low 5% or so capital gains tax—but only if it were limited to actual capital investment. However, to tax investment in stocks at that low rate makes no economic sense. And the idea that carried interest (the profit a hedge fund manager or private equity manager makes on their investments) should be taxed at 15% is ludicrous, as every hedge fund manager I know admits in private.
Tax havens and tax policies are not simply economic questions. A just system of taxation is essential to preserve our democracy. You simply cannot have a country that puts the common interest above the private interests of its members when the wealthiest of its citizens are employing armies of lawyers and consultants to hide their money and assets.
The best account of these tax havens is found in Nicholas Shaxson's book Treasure Island: Uncovering the Damage of Offshore Banking and Tax Havens. Here are a few key quotes:
It is essential to understand from the outset that the offshore system is ultimately not about celebrity tax exiles and mobsters.... The offshore system is also about a more generalized subversion of democracy by our increasingly unaccountable elites. "Taxes are for the little people," The New York millionaire Leona Helmsley once famously said.
Much of what happens offshore is technically legal. A lot of it is plainly illegal and often criminal. And there is a vast gray area in between. All of it is profoundly dangerous, corrosive to democracy, and morally indefensible.
The Offshore World is All Around Us. Over half of world trade passes, at least on paper, through tax havens. Over half of all bank assets, and a third of foreign direct investment by multinational corporations, are routed offshore. Some 85 percent of international banking and bond issuance takes place in the so-called Euromarkets, a stateless offshore zone that we shall soon explore. Nearly every multinational corporation uses tax havens, and their largest users—by far—are on Wall Street.
Tax havens don't just offer an escape from tax. They also provide wealthy and powerful elites with secrecy and all manner of ways to shrug off the laws and duties that come along with living in and obtaining benefits from society—taxes, prudent financial regulation, criminal laws, inheritance rules, and many others. offering these escape routes is the tax havens' core line of business. It is what they do.
Just last week, the watchdog Global Financial Integrity revealed that the developing world suffered nearly $1 trillion in illicit financial outflows in 2009, "a number that is almost 10 times larger than the official development assistance they receive each year from Western economies like the United States, United Kingdom and Norway." As Raymond Baker writes:
A shadow financial system consisting of tax havens, secrecy jurisdictions and anonymous corporate vehicles makes it easy for corrupt dictators, terrorists, drug traffickers and tax evaders to quietly shepherd their funds out of the developing world and around the planet without notice.
Again, I don't know if Governor Romney broke laws. I imagine he stayed just this side of illegality.
But we have a moral and ethical problem in this country. A republic, as Montesquieu saw, runs on the fuel of the virtue of its citizens, which Montesquieu defined as their willingness to put the public interest above their private interests. We are a nation in need of renewal, and that demands leadership that inspires us to re-commit ourselves to the American dream and the American story. It is a great story, one worthy of being re-imagined. But how can someone lead us to that promised land when he has, by his actions, shown himself to care more about protecting his money in offshore tax havens than doing his duty as a citizen? He can't.
Andrew Sullivan calls for President Obama to go big and make tax reform a central priority in the State of the Union tonight. I agree. He also says:
It seems to me that this is not about Romney and shouldn't be about Romney. He broke no laws; he seems admirably charitable; his massive wealth is not a marker against him. The issue is the system. My basic view has long been for a flat, simple tax code, in which everyone pays either the same rate, or two or three clear rates, and all deductions are removed. You tax income and dividends at the same rate. You get government out of the way of an economy's market decisions, by not tilting the playing field.
I agree that Romney's tax write is not a marker against him. It is one thing to play by the rules and pay the required capital gains tax rate. And yes, he did give $7.1 Million to charity which comes to something like 17% of his income. But the issue is that he also seems to have taken aggressive measures to hide and protect that money offshore. While this is not technically illegal, it is not simply playing by the rules of the tax system. It is employing accountants and lawyers to seek loopholes and avoid the intent of those rules. And that is wrong, even it is not illegal.
Sullivan gets the main point right on:
To put it more bluntly: The president and the Democrats should not be piling on Romney because he's rich. They should be piling on the tax code because it is so insane. This issue is populist and good economics. With a full-scale Bowles-Simpson attack on deductions, reform could keep taxation simple and low and easier to understand. And that restrains lobbyists, who suddenly have far less to lobby for; and it restrains taxation. If you have three simple rates - say, 10, 20, 30 - then any increase in them is very, very visible. You want a government that can be monitored and controlled by the people? Simplify the tax code!
Read Andrew Sullivan here
A few hundred people gathered at the capitol today as part of Occupy Congress. Why so few?
Last Fall Occupy Wall Street movement sprouted 2,779 chapters around the nation and captured the attention of the 1% as well as much of the 99%. In some ways, the movement has had an impact. A number of young people and even some older people tasted the sweet nectar of political action, and there are individuals and groups still energized to take on the debilitating as well as embarrassing income inequality and political corruption that is endangering our system of government.
These issues are now on the agenda. Just today the New York Times ran a front-page story on Mitt Romney being one of the 1%. Romney, tone-deaf as usual, characterized his $374,327 income from speaking fees as "not very much" money; this was his way of justifying paying only 15% of his income in taxes because his earnings are primarily from investments.
And yet, it is undeniable that the movement has fizzled. One hears almost nothing about Occupy Wall Street these days. A long-planned day of action Occupying Congress drew barely a few hundred souls.
Democratic politicians—not to mention Republicans— around the country are resisting increasing taxes on the highest earners. Accountability on Wall Street and in Washington for the crisis is a fantasy. And serious talk of reforming our campaign finance system is barely audible. What happened? Why did a movement that enraptured the nation just a few months ago fade so quickly? What is the fate of the promise to rejuvenate politics and bring real change?
It cannot simply be the weather (unseasonably warm anyway) that has frustrated the protests. Could it be the glimmer of economic recovery that has changed the focus from protest to profits? Possibly. But still, the alacrity with which the energy and spiritedness of the protests fled from public consciousness is shocking.
I can't but think the real reason for the disappearance is disillusionment and failure. A movement that swept the nation, changed the discourse, and empowered thousands has, in the end, accomplished almost nothing concrete. No laws changed. No new candidates or leaders emerged. And the major issues that galvanized the country—income inequality and political corruption—have seemingly faded from view. With few successes to point to, many of the protesters appear ready to move on. How could this be?
The Occupy Wall Street website still promises, "The Revolution Continues." But the worry about the future is palpable on the forum page titled:
Forum Post: What the fu** has happened to occupy wall st.
There, you can find the following post by Thrasymaque that has generated enormous response.
OWS was based on an idea that was/is needed in many Arab countries: a revolution. Because of this, OWS categorically refused to make demands. They wanted to topple the government, not work with it. Because US doesn't need a revolution and most people don't want one, the energy faded away with the coming of winter. Anarchism and communism have never been very strong in America. Their protest was never expected to last very long. Anarchists always destroy there (sic) own selves.
Thrasymaque gets much of this right. Too many in the movement insisted on rejecting all goals or ends. Some of those had the fantastic goal of overthrowing the government. Others did not know what they wanted. And some really were swept up in the process of trying to figure out what they wanted. There was joy in public action and the thrill of debate and engagement. Much was beautiful and spontaneous. But the fact is that without a concrete goal and without leaders to mold and guide the passions of the people, the movement fizzled.
For those of us who hoped that Occupy Wall Street might rise to the moment and produce a leader or leaders to fill the dangerous vacuum in leadership in this country, the insistence on a leaderless revolution was a huge mistake; so too was the rejection of all issues or goals. The result is that we have seemingly squandered a movement of incredible power and promise.
The real problems we face as a country—the corruption of our political process, the decimation of the middle class, and the malaise of decline—persist. The establishment in Washington and Wall Street breathe a sigh of relief and seem more set in their ways then ever. Congress is paralyzed. Meanwhile, the wheels of finance are turning again. The failure of a popular movement that might have challenged the status quo has left those in power more secure in their privileges. From the winds of change, it seems we have settled into a desert of despair.
In my first post on Occupy Wall Street back on Oct. 5th, I quoted Hannah Arendt's reflection on the Student Protests of the 1960s:
This situation need not lead to a revolution. For one thing, it can end in counterrevolution, the establishment of dictatorships, and, for another, it can end in total anticlimax: it need not lead to anything. No one alive today knows anything about a coming revolution: 'the principle of Hope' (Ernst Bloch) certainly gives no sort of guarantee. At the moment one prerequisite for a coming revolution is lacking: a group of real revolutionaries.
The reason that a revolutionary moment will succeed or fail to turn into a real transformation is the lack of real revolutionaries; revolutionaries, Arendt writes, are people who face the reality of the present and think deeply about meaningful responses and alternatives.
I asked then: "Is there a serious and thoughtful confrontation with reality that underlies Occupy Wall Street?"
I asked from a position of hope. I fear that the answer, at least so far must be no. We are closer now to counterrevolution than revolution, but most plainly we face anticlimax. Most palpably, in the year of one of the most consequent elections in our nations history, we are missing a leader, a voice, that offers a meaningful and powerful agenda for change, let alone a revolution.
We must ask ourselves: Why is it that this crisis, and this movement, failed to produced revolutionaries?