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Wall Street Woes Impact on Investors Series 2

  • Broadcast in Business
Jon Hansen

Jon Hansen

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Media reports have called this movement "Marxist," "Guerrilla" and have claimed that the protestors are inspired by the Arab Spring. However, anyone moving through the crowd and listening to their conversations wouldn't come to that conclusion.

When I read the above excerpt from the September 18th, 2011 Huffington Post article article by acclaimed author Natalie Pace (You vs Wall Street: How to Grow Back What You've Got and Get Back What You've Lost), I was immediately reminded of the propensity on the part of those in power to use scare tactics such as the threat of communism to both distort and polarize public opinion.

One such example was the U.S. Administration's Operation Ajax through which it successfully overthrew the democratically elected Mossadegh Government in 1952, which was largely prompted by the concerns of the British Petroleum Company who feared that Iran's move to nationalize their oil fields would cut into their significant profits. 

Fast forward to today, and Pace's reference to one participant's lament that "Corporations are too powerful in this country," and that "They control the media and are more powerful than the politicians," seems to indicate that little has changed in both intent and tactics.

Against this backdrop, should we even consider investing in the markets and, if we do, how can we overcome the rip tide of corporate avarice to feather our own nest eggs?

Joining me today to answer these as well as other questions is Natalie Pace.


 

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