Is the public acting like crazed pitchfork populists?
The public is waking up to the unaccountable and reckless practices and culture of Wall Street. And they are furious at the ways in which politicians from both major parties have accepted this Wall Street mindset (along with millions in campaign contributions). The American people don’t resent fair compensation for hard work or innovative achievements. But for decades, we’ve watched a powerful elite rig the rules of the game in their own favor. We should channel this anger into long-lasting reforms to ensure such abuses never happen again — and that the economy works for everyone, not just the superrich.