Steve Fraser discusses Occupy Wall Street, its historical precedents and its current significance

Writing for TomDispatch, Steve Fraser, a historian of labor and Wall Street as well as a publisher of important books, recently provided his readers with a capsule history of America’s resistance to American finance capital. His article is worth reading.

Fraser begins by asserting that:

Occupy Wall Street…may be a game-changer. If so, it couldn’t be more appropriate or more in the American grain that, when the game changed, Wall Street was directly in the sights of the protesters.

The fact is that the end of the world as we’ve known it has been taking place all around us for some time. Until recently, however, thickets of political verbiage about cutting this and taxing that, about the glories of “job creators” and the need to preserve “the American dream,” have obscured what was hiding in plain sight — that street of streets, known to generations of our ancestors as “the street of torments.”

After an absence of well over half a century, Wall Street is back, center stage, as the preferred American icon of revulsion, a status it held for a fair share of our history. And we can thank a small bunch of campers in Manhattan’s Zuccotti Park for hooking us up to a venerable tradition of resistance and rebellion.

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