Occupy Wall Street: a Frenzy That Fizzled

The following is an excerpt from an article in:


The New York Times
Tuesday, September 18, 2012

Occupy Wall Street: a Frenzy That Fizzled

By ANDREW ROSS SORKIN

It will be an asterisk in the history books, if it gets a mention at all.

A year ago this week, the Occupy Wall Street movement got under way in Zuccotti Park in Lower Manhattan. The loose group of protesters, frustrated by the economic downturn, sought to blame Wall Street and corporate America for many of the nation's ills.

While the movement's first days did not receive much news coverage, it soon turned into a media frenzy, with some columnists comparing its importance to that of the Arab Spring, which led to the overthrow of leaders in several Middle Eastern and African countries, spurred by social media. Images of the Wall Street protesters getting arrested were looped on news channels and featured on the covers of newspapers. Big banks - and the famous Charging Bull statue that is an icon of Wall Street - were fortified with barricades. By the end of the year, Time magazine had named the protester its Person of the Year, perhaps rightly given the revolutions taking place around the world, but the magazine also lumped Occupy Wall Street in among the many meaningful movements taking place.

But now, 12 months later, it can and should be said that Occupy Wall Street was - perhaps this is going to sound indelicate - a fad.

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