The “Occupy Wall Street” movement, now in its fourth week, has plenty to brag about. Its occasionally published newspaper, the Occupied Wall Street Journal, proclaims: “In the great cathedral of capitalism, the dispossessed have liberated territory from the financial overlords and their police army.”
How did protesters manage to take over Zuccotti Park, a half-acre plot a few blocks from Wall Street? It turns out that this land grab is not due to the power of social media. Instead, the main force letting protesters stay in the park is old-fashioned crony capitalism.
Wall Street (Bloomberg)
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L. Gordon Crovitz is a columnist for The Wall Street Journal
The Wall Street Journal
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