Monday, October 03, 2011

"The Deep, Founding Roots of Rowdy, American Populist Protest and Insurrection"

"Like it or not, though, it is Occupy Wall Street that has the most in common, ideologically, not with those Boston merchants and their supporters but with the less well-known, less comfortably acknowledged people who, throughout the founding period, cogently proposed and vigorously agitated for an entirely different approach to finance and monetary policy than that carried forward by the famous founders. Amid horrible depressions and foreclosure crises, from the 1750′s through the 1790′s, ordinary people closed debt courts, rescued debt prisoners, waylaid process servers, boycotted foreclosure actions, etc. (More on that here [9] and here [10].) They were legally barred from voting and holding office, since they didn’t have enough property, so they used their power of intimidation to pressure their legislatures for debt relief and popular monetary policies."

William Hogeland in Salon compares Occupy Wall Street with the Shays' and Whiskey Rebellions.

But Lee Fang at Think Progress connects the protests to the Boston Tea Party.

No comments: