Goldy highlights this gem from Frank Luntz.
“I’m so scared of this anti-Wall Street effort. I’m frightened to death,” Luntz said. “They’re having an impact on what the American people think of capitalism.”
While I think the Occupy movement in general and Occupy Wall Street in particular changed the discussion and have had a positive impact, a much larger driver is that the economy has turned many people against capitalism (or at least the brand of capitalism in the United States). It’s the housing bubble and the myriad foreclosed houses it’s left since it burst. It’s the high unemployment rate, and what it does to people who can’t find work or to people who are afraid to ask for a raise or who aren’t able to take that vacation any more or who aren’t getting as many tips as they did a few years ago. It’s the high price of gas. It’s the degradation of government services.
No, if you want to make people think positive things about capitalism, build a capitalism that works for them. Make capitalism more democratic, and more fair. Make it a vehicle for building a strong middle class accessible to anyone who works hard.