Once I went to a seafood restaurant in the village while I was vacationing in the South Pacific island resort. I saw many buckets of live crabs laying around the floor. All of them had a lid on but one. I was curious to ask the owner of the restaurant why this particular bucket had no lid on. The owner said, “Oh, those are the socialist crabs. They don’t need a lid. As soon as any crab climbs up higher, other crabs in the bucket will pull them down for sure. So no crabs could ever climb up higher and get out.”
Hmmm …. I sort of got it right away why they were called socialist crabs. The socialists simply spend too much time worrying about how other people would make more money than they do rather than spending time to learn new skills to compete in the free market and make more money for themselves. They seem to enjoy more on how to pull other people down rather than working harder to learn how to climb up themselves to get out of poverty.
Why bother asking us to support their cause to indiscriminately tax all the rich people after some of the 1% may have made their money legitimately through their hard work and intelligence under a free market system? There should be no problems for them to protest to get the people power to mobilize the mass to put those crony politicians out of office and those crony capitalists in jail but blindly ask the country to tax the rich indiscriminately seem to be shooting blank and will not get anywhere. It also seems rather unfair. If those brave OWS folks have the guts, why don’t they simply stand up, shout out loud and name those cronies that have brought our country’s economy to its knees so that there could be a fair trial to bring them to justice?
Our country’s problems are the abusers, i.e. the crony capitalists and politicians that abused the capitalism system, not capitalism itself.
So if there are innovative ways (e.g. FARJHO and SwapRent) created by organizations like PeoplesAlly Foundation that common people on Main Street could finally get to bring the housing finance business and hence the money back to Main Street and let Wall Street cronies become the losers in a fair competition under the free market system, why wouldn’t that be a better choice? It did not happen before due to the intellectual power that Wall Street had long held for them to hold our nation hostage. Wall Street always seem to have the money power and political power to suck even more talents to feed on their own success. That is the situation that needs to be changed, through competition, not revolution!
Why can’t we try to bring the brainy power from Wall Street back to Main Street and have them work for common people on Main Street? If we could deploy these new equity sharing based housing finance innovations of FARJHO and SwapRent provided by PeoplesAlly Foundation through the credit union industry and the local community banks to compete directly with Wall Street with their dysfunctional mortgage securitizations system and their loan shark culture to beat the hell out of them, wouldn’t that be a more glorious battle to fight for?
If protesting could do anything for the OWS folks why don’t they focus on rallying the political power to make sure Main Street could have a level playing field to compete intelligently with Wall Street in their own games of finance in order to bring the housing finance business back into their own hands and manage it intelligently to create wealth for themselves on Main Street?
As I said before, the OWS folks may be able to occupy themselves with many more new jobs created by these new equity sharing FARJHO and SwapRent related business opportunities and in the process, they could also get themselves much more decent and comfortable shelters on Main Street through FARJHO and SwapRent than simply sleeping in cramp tents in Zuccotti Park or other city squares.
PeoplesAlly Foundation 