It would take me many pages to chronicle my thoughts on this – almost as many pages as TIME took to explain their choice. Suffice it to say that I think there’s a huge difference between the Arab Spring protests and the “I want free shit and I want it now” protests in the US.
However there is a common theme and I can understand the choice: I agree that people around the world are sensing that the old/traditional way of doing things isn’t working, but (for the most part) the protests are calling for more of what has already failed – they (I’m again generalizing) want more government involvement, they don’t understand that government involvement is precisely what has caused all the inequalities they are protesting.
People in Spain, Italy, Greece, Ireland – and even France and Germany – can protest all they want, but the Euro – along with their standard of living – is going down. The big success of the Euro is in demonstrating that when a country cannot manipulate the currency, deficit spending cannot continue. The government is denied the ability to devalue the currency/inflate their way out (temporarily) of debt. ALL inflations and experiments with fiat currencies end this way. As do their governments.
Ours will not be an exception. Attempts to placate the “I want free shit and I want it now” crowds will simply hasten the day “that government of the people, by the people, for the people, shall
not perish from the earth.”