- The Washington Times - Tuesday, October 4, 2011

The angry, youth-driven, anti-capitalism protests begun in New York City a few weeks ago are the latest manifestation of President Obama’s lengthening recession.

This dispirited movement appears to be composed of a confused collection of leftist 20-somethings who blame globalism, trade, the Federal Reserve Bank, investment brokers, corporations and capitalism in general for all of our economic ills and rampant unemployment.

They’ve dubbed their anti-capitalism protest “Occupy Wall Street,” declaring that the nation’s financial center is the source of all evil and, thus, all of our troubles.

The movement has spread in recent weeks to Los Angeles, San Francisco, St. Louis, Boston, Kansas City and elsewhere. It is unclear what its agenda is beyond overturning our capitalist system and everything that flows from Wall Street, which is capital investment that is the life blood of our economy - such as it is - and all job creation, or what little is left of it.

The signs they carry shed some rationale on what they are demanding and interviews with reporters reveal their anxieties, fears and complaints.

“The American dream is dead or dying,” Max Richmond, 26, a New York City-based carpenter from Millerton, N.Y., told The Washington Post.

“We want jobs not cuts,” read a sign held by a young protester in Los Angeles.

A 25-year-old forklift operator from Minnesota said he drove to New York to join the demonstrators to voice his frustration about the lack of full-time work. “One week, I get 34 hours, the next week I’d have 12,” he said.

These are many of the same people who have shown up to protest at the annual meetings of the International Monetary Fund and the World Bank, with an irrational hatred of capitalism at the center of their complaints.

They are in very large part confused, uninformed young people who have picked the wrong economic targets for their grievances. Where did these ideas come from?

Much of this anticorporate, anti-wealth, anti-capitalism rhetoric sounds like it is straight out of college economics courses taught by left-wing professors. They are still there, raging against big business and capitalism, brainwashing naive students who believe that stuff and vote accordingly.

Then again, we live in the Age of Obama, a time when our president is fond of blaming big banks, corporations, hedge fund managers, Wall Street and “millionaires and billionaires” for all of our economic turmoil.

Mr. Obama is not into capitalism. He never speaks about the importance of unlocking private capital investment and its pivotal role in expanding our economy and job creation. The heart of his latest $447 billion jobs bill calls for raising taxes on businesses, investors and small entrepreneurs just getting started.

When he speaks before young people, he doesn’t urge them to go out and start a successful business that will put more people to work. He urges them instead to “go into public service” and political advocacy.

What is it about capitalism that these kids hate or do not understand?

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