Occupy Movement
Global Finance and Protests in Opposition
The global protest movements against the world's financial institutions alter in their goals and scope, but ultimately erupted as an angry reaction to the financial institutions that accepted taxpayer money and were served no punishment at all, while the middle class around the world suffers with fewer government benefits and weaker economies. The economy has actually recovered, says economists, but only the ultra rich have noticed any improvement as their stocks have risen. The problem of unemployment is a problem not easily fixed, even in a good economy, as it points to structural problems in the way the middle class is arranged. These problems need to be addressed by politicians if the middle class is going to be growing and evolving once again. In the Economist,
Schumpeter does have a good point, and a simple apology and peace offering would...
The wealthy have always been stubborn in this regard, however, and they feel that they are the only class capable of increasing job opportunities and handling large sums of financial data.
One of the biggest problems in the financial sector is the incredibly complex system of domestic tax and regulation laws. The only individuals who can interpret these laws are high paid corporate lawyers, in many cases, individual members of congress show absolutely no regard to simplifying this process, and thereby closing many loopholes in the system. The unfair advantages of corporations are well documented, and when international transactions and banking comes into play, the financial system becomes only further congested with regulations all over the place.
I do not believe the solution to the problems of the banking sector lie in heavier taxation or regulation, but…
