Ask Lemmy

They actually had goals, some of which were achieved via the Dodd–Frank Wall Street Reform and Consumer Protection Act. But that wasn't enough, and then it was repealed during the Trump era.

No, they were disbanded (at night, by force, with cameras off) because they were becoming too much of a problem for the ownership class, who was not willing to fix what caused the subprime mortgage crisis and was not willing to let too-big-to-fail companies collapse which they should have, according to common capitalist ideology.

Fear of the risk of collapse is supposed to encourage hedge funds to be cautious, and the bail-outs showed they don't need to fear, because the US government is in their pocket and will bail them out with taxpayer money. As things currently are, hedge funds can use other people's money to get rich, and when they fuck up and lose everything, the taxpayers take the hit instead. This is still the case, and at smaller scales is still a very common grift on Wall Street. (This is what Romney did before he went into politics, and how Toys-R-Us died.) We're looking at a number of markets that are now at risk of suffering the same kind of short-sell blowout leading to a market collapse which will tank the economy. Again.

The grievances Occupy explicitly expressed to their elected representatives were never addressed, and confidence in the US economy and the US government (in doing its job serving the public and not corporate or plutocratic interests) has suffered, leading to the election of trump and the rise of fascist movements such as the transnational white power movement and the closely-aligned Christian nationalist movement. Without big money fueling the propaganda machines that keep these movements alive, discontent would turn against the ownership class, who would tremble before class war.

Would that class war turn into a communist revolution? Probably not, but after a dozen or so dictatorships and overthrows across a century (and a lot of war casualties) or so we might see the US stabilize. If the internet and interpersonal communications are preserved that will improve the chances that we'd see more public-serving models get implemented. This is the part of how we get there from here for which we don't have sound theory. But we also don't know yet how to stop fascist movements from redirecting outrage from the ownership class to marginalized population demographics, hence the genocides currently developing.

But Occupy absolutely had a legitimate grievance and some specific demands, many of which were not unreasonable or out of the scope of US state and federal governments. It's just that the plutocrats that control our officials didn't want to do those things, kinda like universal healthcare.