Wall-less, Street?

When the Dutch first settled on Manhattan, they certainly did not expect their fortification of the city of New Amsterdam, “de Waal Straat”, to become the center of global finance three and half centuries later. More commonly known as “Wallstreet”, today it has become the center of yet another revolution. While the wall has long been demolished physically, the symbolism in its name is precisely whats segregating the wealthy, well-off CEOs from the rest of the American populace, protestors claim.

As demonstrators from around the world join the cause, Wallstreet has been branded as “the center of the greed that corrupts the new century,” and in order to rescue the world from this financial meltdown, wallstreet has to go, along with its top bankers and investors who make up to 500 times more than their employees do.

Of course, resolving the economic breakdown won’t be as easy as dismantling wallstreet or sacking the few high ranking executives working for it. If anything, the root of the problem lies with the very people complaining at the moment. For long Americans have spent well in excess of what they earn, forgoing the process of saving. While they may point to their CEOs as the culprit behind this recession, really, Americans have incurred upon this disaster themselves. Perhaps instead of rallying against Wallstreet, they should really do some self-reflections themselves.

Images courtesy of http://infolific.com/fun/collapsed-wall-street-bull/ and http://randalclark.com/debt-consolidation-in-edmonton/, in order of precedence.

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