Wall Street…A Recurring Crisis in US History
Many economists offered theories about how economic crises develop and how these could be prevented. There is little consensus, however, that those crises are still in regular occurrence around the world.
Developing an economic crisis theory became the central recurring concept throughout economic schools such as Marxism and capitalism. Until this era, neither one of them has had any assurance to protect their system from any crisis, as we see throughout their history.
The economic crisis now taking place in the United State of America is not a new-born crisis; it has been present since the establishing of the states, even before being united.
"The Occupy Wall Street" protests which kicked off in New York and now spreading all over the United States, call against the greed of the big companies getting richer, while the people of the United State are only sinking in more poverty.
The Wall Street movement actually began in 1929 after the great crash; the Stock Market crash, which witnessed an extensive duration during its fallout.
The crash signaled the beginning of the 12-year Great Depression that affected all Western industrialized countries. It did not end in the United States until the onset of American mobilization for World War II at the end of 1941.
When the crisis began in Europe two years ago, some economists and analysts predicted that soon the contagion would spread to the United States, because of its similar economic system to that in Europe.
"American cities will soon see protests and riots too. The violence in the streets of Europe will be in American cities before the end of the year, none of this is an accident. The same groups calling for riots there are based here. Wake up, the hard left is trying to fundamentally transform America," said American analyst James Andrews.
What is occurring in the cities inside the United States is that protesters from the 21st century are raising their voice against greedy capitalism.
In parallel, antiwar coalitions and organizations took part in the move trying to object wars that there country is launching across the sea using people's taxes.
The US government has been encouraging Arab youth to demonstrate and face dictator rulers of their countries, during an era the US called the "Arab Spring".
Today, the US finds itself before its own people who seek their own "spring" to get rid of an economy which has been a pain in the neck.
However, US practices against protesters shocked many observers; as the police was abusing and arresting protesters, forcing them to halt their peaceful demonstrations.
What mostly shocked the world is how the government of the United States called upon the people of the whole world to seek democracy and protest dictatorship, while it acts as an anti-democracy dictator.
The question here is the following: Is the United States afraid from a "spring" that would affect its system, and therefore that would be the end of this legend called the United States of America? Would the history of the Wall Street crisis repeat itself to put an end for the ongoing greed in the world? Or would there be another World War launched by the US government in order for it to survive?
Those questions can only be answered by the American people, and they're the only ones who could prevent this from happening.
The US people have a constitutional right to protest and they should continue and invent their own spring. The Supreme Leader of the Islamic Revolution Sayyed Ali Khamenei considered that the rise of «Wall Street» in America is an important issue, while the American politicians tried at first to ignore the movement and minimize its importance. However, after the stress of the street they were forced to recognize it.
As Imam Khamenei predicted, the US government harshly suppressed this American uprising and the intensity of the opposition.
However, they would not be able to eliminate the roots of this movement which will bring down the Capitalist system in USA and the West in the future.
The Western crisis therefore has already started, and the capitalist system reached a complete dead-end.
The slogan in the Arab Spring was "The people want the departure of the regime", while now people in the West made their own slogan, aiming at "occupying" streets that resemble the power of their governments.
