Monday, October 17, 2011

A VC Musings

Occupying My Mind

by Fred Wilson. Fred is a VC and principal of Union Square Ventures.

Fred's musings on Occupy Wall Street gave me a fresh insight into this movement and others like it [in one or more ways] around the country and the world. [See link above]

People are "mad as hell" and not going to take it much longer!

Attempting to put a "one size fits all" label on even this one "event" on Wall Street is simply wrong. There are probably as many reasons for a protestor to do so, as there are protestors! I do think Fred missed the fact that a number of funding sources are formally at work—informally, even trying to hide their involvement. But the fact remains at least 51% of this nation's voting age population is not happy with the economy.

Many of us are quick to suggest that the free enterprise machine that is America created more freedoms and more wealth than any other econometric model applied to date. Reminder: There is a reason we have a republic form of government. 

Yes Fred, systems are failing us everywhere... but to me, it is more the lack of leadership than any other single cause. I named this issue some months ago: 
"Change without Vision equals Chaos."
That explains what I see when I see the coverage of the various occupy events.

My biggest fear: somehow the USA will become a true democracy. That will be the end of a great nation. True, this is not working. Maybe it is time for us all to again watch Bullworth and pay extra attention to the press interview when Senator Bullworth explains the problem with selling air time to politicians... maybe when there is fair access to airwaves, the best leaders will surface. Rather than the ones that can raise the most money.


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