Social Activism
Occupy Movement

DC Douglas' 'Why #OccupyWallStreet? 4 Reasons.' ... some history and some very current affairs

COMMENTARY
This video is one of the better explanations of some social and economic history, especially the measures put in place in the 1930s to safeguard individuals against bad practices by the banking and finance sector ... Glass-Seagal, FDIC and the SEC. For 50 years they did their job ... but first under Reagan, and later under Clinton these protections were dismantled or significantly weakened. The outcome has been the Savings and Loan Crisis, the Long Term Capital Management crisis, and then the financial sector meltdown at the end of the Bush administration.

The capitalist market economy with minimal regulation has been tested and found wanting ... so the next question is what to do about it. There is no nead to 'throw the baby out with the bathwater' but continuing along the same path is madness.

I believe that a market economy where economic activity is guided by purpose more than by profit can work, but it will only work if there is are the right metrics. We need to move away from a singular focus on profit, GDP growth and stock market movements to a broader set of metrics that include quality of life and value flows as well as money flows. The purpose of this website is to gather elements that can be put together to make a set of value metrics work in a practical way ... and then by using metrics, change the way resources get managed.
Peter Burgess

DC Douglas' 'Why #OccupyWallStreet? 4 Reasons.'