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发表于 2011-10-8 16:03:58
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VOX POPULI: A nation cannot prosper long when it favors only the prosperous
A super-cheap purchase that later came to be known as the "greatest bargain in history" took place on the American continent during the 17th century. It refers to the "acquisition" of the island of Manhattan by the Dutch West India Co. from Native Americans.
It is said the purchase was made in exchange for liquor and daily commodities worth a paltry sum. Later, the island became the center of New York City. Given the eventual prosperity and concentration of wealth, the purchase was indeed a bargain. Wall Street, the financial capital of the world in Lower Manhattan, is said to derive its name from a wall of logs built by early settlers to protect their community from attacks by Native Americans and foreign encroachment.
Protests by young people who call Wall Street "a symbol of greedy capitalism" are spreading under the slogan "Occupy Wall Street." Their anger toward the widening gap between the rich and the poor spread through the Internet and is spilling over across the United States.
The Lehman Brothers shock of three years ago shook the economy, prompting the U.S. government to inject public funds to bail out financial institutions. But shamelessly, these bodies keep monopolizing wealth while the poor continue to increase. The unemployment rate has topped 9 percent and the situation is getting increasingly serious for young people. Their rage is understandable. Considering the background, I don't think the government can turn a blind eye.
In his inaugural speech, President Barack Obama proudly declared that "a nation cannot prosper long when it favors only the prosperous." Obama had the backing of many young supporters. The protests must be the embers of their expectations for the Democratic president and also a manifestation of their anger of having them shattered.
It is said Wall Street's 17th century wall was later changed from wood to bricks and came to be equipped with guns. Times have passed. Today, I don't think a handful of people who try to protect their wealth and assets within a stronghold can broadly win public understanding.
--The Asahi Shimbun, Oct. 6 |
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