SAN LUIS OBISPO, Calif. (MarketWatch) — “American capitalism is broken,” warns economist Peter Morici. Worse, American government is broken with “two bankrupt political parties bankrupting the country,” warns Stanford political scientist Larry Diamond. Why? Because Wall Street is broken: Our engine of capitalism is broken.
Morici warns that Wall Street’s insatiable gluttony is strangling America’s 8,000 regional banks: “About 3,000 regional banks face extinction, and ordinary Americans can only borrow money at government run Fannie Mae and Freddie Mac or at extortionist rates on big-bank-controlled credit cards.” Time to counterattack, or the clock runs out.
The plan? Hackers are America’s “Hail Mary pass” against Wall Street’s power play to rule America. In fact, hackers may be the only solution left, our last line of defense in this economic class war to save America. Hackers can operate like secret CIA special ops commandos to help take America back from the Wall Street Conspiracy of super-rich.
Yes, only solution. Why? Two bankrupt political parties. Forget gridlock, it’s worse. The GOP will restore Reaganomics for the rich. The Dems are proven gutless fighters. And an activist Supreme Court unleashed the floodgates for billionaires, foreign corporations and the U.S. Chamber of Commerce lobby to gain absolute control of Washington.
How hackers can help us defeat Wall Street - Commentary: They’ll be the heroes of the Second American Revolution