This past weekend, in 900 cities across the world, tens of thousands demonstrated against unregulated capitalism. Something fascinating is growing, and by the time it ends, I suspect, politics will be different in the United States and a lot of other places as well.
In a great many countries, especially in the West, the political grass is dry. Huge numbers of young people are unemployed, governments are launching harsh and unpopular austerity programs, and the financial elites responsible for the global economic meltdown have almost entirely escaped justice. Millions of articulate, educated, tech-savvy people are enraged and desperate. And they have time on their hands.
To understand this movement’s potential, it’s worth comparing it with the other spasms of global leftist activism in the past half-century. The last time we saw anything on this scale was the late 1960s, when anti-government protests broke out from Berkeley to Paris to Mexico City to Prague. What spurred those protests was the war in Vietnam, the threat of nuclear holocaust, and the way in which both superpowers—in very different ways—used the cold war to enforce conformity and repress dissent.
The protests of the late 1960s helped end the Vietnam War and usher in the era of reduced superpower tension known as détente. But especially in the United States, they failed to push politics to the left.