People complain that the Occupy Wall Street movement has no goals, even though the General Assembly has posted a clear statement of principles. I consider myself a part of this movement, and I'd like to state what I think this important protest needs to achieve.
I know a little bit about finance. No, actually, I know a whole lot about finance. I worked two years directly on Wall Street, and another two years before that for a banking research boutique, Loan Pricing Corporation (now known as Thompson Reuters LPC). In 1999 I made a personal profit of over $100,000 on a dot-com IPO (as I wrote about in my memoir of the Silicon Alley boom). I have gained and lost money on other stock market investments as well, and I've read many books about high finance, from The House of Morgan by Ron Chernow to Too Big to Fail by Andrew Ross Sorkin.
I hung around the Occupy Wall Street protests in downtown Manhattan last week for a couple of days. Here are a few things I saw that I liked:
- a quiet meditation circle, just a few steps from noisy Broadway, where about 60 people sat in peaceful contemplation
- a great march that proceeded west on Wall Street, north on Broad Street, up to the Federal Reserve Bank, and back to Wall
- cops that were mostly friendly
- cheerful rapport between protesters and Wall Streeters at work ("join us!" "yeah, whatever")
- well-organized free food for those living in Zuccotti Park
- a vast do-it-yourself protest sign-painting operation
- a few highly active drum/dance circles and horn jams
- various informal information stations where tourists could ask questions
- an open performance spot, where a young girl sang a song and a poet read a poem
- a small group earnestly discussing techniques of non-violent resistance
The best moment for me came Friday night just after dusk, when I began hearing that a general assembly was about to take place somewhere nearby. Curious as to what exactly an #occupywallstreet general assembly would consist of, I asked around and got pointed to a spot in the middle of Zuccotti Park. There seemed to be nothing going on at this exact place, so I hopped up to sit on a wall and wait. A few minutes later a group of people who turned out to be the regular facilitators of each evening's general assembly began to gather around me. I had picked the right place to sit, and was now in the center of the action.
Soon somebody right next to me yelled "Mic check!", and a group of people milling around us yelled back "Mic check!". At this call, others began to melt into the group, and people began to sit down on the park's paved floor. Soon there were about 250 people gathered around. Four of the facilitators sitting next to me stood up and introduced themselves, and one of them explained how the communication in this large group was going to work.
I did not find myself on Wall Street by accident; I had graduated from a state university with a computer science degree six years earlier, and had taken a series of jobs that each brought me closer to the top of my field. I wasn't particularly interested in high finance, but I was ambitious for an exciting career, and the financial industry was considered the most prestigious place for a techie to work in New York City at this time. I did not find what I hoped for there. My two year adventure at JP Morgan left me deeply disappointed on many levels, and I consider myself lucky that I was able to leave the financial software marketplace for better work elsewhere (I never looked back, except sometimes in anger).
I wouldn't make a very good creationist, since I believe completely in Darwin's theory of natural selection and human evolution. I know that the scientific evidence for evolution is overwhelmingly persuasive. I find most religious creation myths childish and inane, and I've been known to snicker about creationist museums in Kentucky or Miss USA Pageant candidates who find the question "should evolution be taught in school?" hilariously tough to answer.
However, I try to check myself before laughing too hard, or else I might commit my own fallacy and conclude too glibly that anyone who does not believe in Darwinism today must be mentally addled or badly miseducated. I might allow myself to feel intellectually superior to creationists, and this would be a dangerous overstep. As an elaborate scientific theory about the distant past, Darwin's great discovery will never have the same force of persuasion as any theory that can be simply proven with direct experimentation. The evidence for evolution requires explanation, assumption and interpretation; it is not directly and immediately obvious. If I forget this basic fact, I might commit the error of lumping the theory of evolution in with more urgent and alarming recent theories and reports about man-made climate change. I might conclude that conservative politicians are engaged in a "war on science", and draw a hard line: if you don't believe in both global warming and evolution, you are a liar and a fool.
Here's a tough challenge for anybody: talk about politics, about everything our muddled, dysfunctional democratic government is doing wrong, without resorting to the following cliches:
- Declaring that the other side is evil.
- Declaring that the other side is stupid or uneducated.
- Declaring that the other side is so hopelessly corrupt that negotiation or compromise is pointless.
These easy excuses have become very popular in the United States of America, and of course the sentiments are the same on the right and the left. Many of those who find hope in the Tea Party movement believe that our government has been infiltrated by socialists or Marxists ("evil"), that decades of soft-headed liberal education has left Americans unable to understand and appreciate the hard edges of the U. S. Constitution ("stupid", "uneducated"), that Washington D.C. is a nest of thieves that must be wiped clean ("hopelessly corrupt") before our society's true inner goodness can be revealed.
On the other extreme are the frustrated liberals who may have once held some hope for Barack Obama's leadership, but are disgusted with the results so far. They believe our nation is in the grip of racist, hate-filled voters ("evil"), that the Fox News-watching, Rush Limbaugh-listening, Sarah Palin-fan club populace knows nothing about history or economics ("stupid", "uneducated"), that Washington D. C. is a nest of thieves that must be wiped clean ("hopelessly corrupt") before our society's true inner goodness can be revealed.
As I write these words, the United States Congress is attempting to wrap up one of the most surreal, theatrical and plainly ugly legislative battles in its history. The Republican-majority House of Representatives and the Democratic-majority Senate cannot pass a bill to raise the nation's debt ceiling, putting us days away from defaulting on our own national debt. This would be the equivalent of declaring national bankruptcy within a world economy that has always considered our debt to be completely solid and reliable.
The noisy spectacle aside, most observers are confident that a last minute compromise will be reached. (If it isn't, I trust that the smart and sensible Barack Obama will take steps to ensure the nation's solvency using every resource available to the Executive branch. We are at least a couple of options away from economic catastrophe.)
But what does it all mean? Here's what I think about the bigger issues, and I'd love to hear what you think too. I'll keep this as brief and succinct as I can.
I'm very sorry to hear that all the Borders bookstores in the world may close their doors very soon. This is not, apparently, because the book business is slowing down (Barnes and Noble and Amazon are still viable) but because of specific business decisions that turned out badly. I hope there will be a last-minute salvation, and if there's not I will certainly grieve this loss. Say what you want about massive book super-stores; they are great places to buy books, hang out and hear author readings. And we need the restrooms.
There's one Borders bookstore I specially remember, my favorite Borders in New York City, though this store closed nearly ten years ago. It was one of the flagship Borders locations in Manhattan, and it was a particularly good one because the vast building that housed it gave it the space of a barn.
This Borders had three floors -- a small one, a big one, and a very big one. The lowest, smallest floor let out on a subway/PATH train concourse, and so it held mystery and romance bestsellers, comic books, magazine racks, bubble gum, CDs and playing cards. It was good that all this stuff cluttered up the lower floor, because it freed up the first floor to be something special.
Novelist Larry McMurtry (The Last Picture Show, Lonesome Dove, Books: A Memoir, Terms of Endearment, All My Friends Are Going to Be Strangers) and Faye Kesey, widow of the late Ken Kesey, surprised a few folks in the literary world when they got married in April. I just saw a few beautiful photos from the Texas wedding, courtesy of Zane Kesey, who said it'd be okay for me to share them here.
Awww, right?! Looks like a really sweet scene ... and here's a shot of the bride and groom, in what I imagine must be Larry's own bookstore.
1. I'm just curious: is this subway ad trying to imply that subscribers to the New York Times online payment plan will get some kind of special access to Jay-Z? If so, I'd really like them to substantiate this. If not, why is he on this poster?
2. I still love the New York Times, even though I hate their payment plan. This weekend's New York Times Book Review includes a satisfying knockdown by Christopher Hitchens of a dumb new book by David Mamet.
3. Also in the New York Times: the inspiring story of 26-year-old Amanda Hocking, who shook off years of rejections and invented herself as a very successful writer.
4. "A direct line to the planet of fear and the imp of the perverse ... the desire to do that which we know is wrong". Lou Reed is channelling Edgar Allan Poe again, this time in a book with illustrations by Lorenzo Mattotti.
1. Lint, a novel by Steve Aylett about a famous but nonexistent writer that we told you about a few years ago, is now a movie! The trailer features supportive words from the legendary Alan Moore (Watchmen), Jeff Vandermeer, Mitzi Szereto and our own Bill Ectric, so you know there must be something special going on here.
2. Marty Beckerman has written a book inspired by Ernest Hemingway called The Heming Way: How to Unleash the Booze-Inhaling, Animal-Slaughtering, War-Glorifying, Hairy-Chested, Retro-Sexual Legend Within... Just Like Papa!.