Economies based on making money on money instead of making things are burning out. The investment community divorced itself from the production sector of our society many years ago. The globalists used free trade as a tool to create new money products. They thought they could make debtor nations into exporting nations and have them at least pay interest on the loans whereby they could create perpetual revenues from these nations. But it didn't work because the new money products did not replace the loss value of workers and labor. Free trade deflates the value of labor, and this value is a real asset and perhaps a much better money standard than the value of paper money and all the funny money manipulations of transactions. Degrading the value of workers and labor affects all money values and creates a negative balance. Millions of Americans have lost their jobs during the most massive dislocation of jobs in U.S. history including the Great Depression.
A must read is "Confessions of an Economic Hit Man" by John Perkins. Mainstream media tries to make him look like a quirky character, but in reading the book, you can put aside this judgment for another time and study the process he portrays. He shows how the money powers of the world get nations hooked on loans and then penetrate into whatever they can in terms of capturing the total resources of these countries -- or at least find a way to control the flow of wealth in these nations. If we ignore these things while going after Wall Street directly, we miss the proper sequence of cause and effect.
Many thought that the "Battle in Seattle" in 1998 would wake America up to the savage assault of globalization and free trade. The protests made a big splash, but nothing really changed. The elite money powers found ways to control these protests and keep them out of the news, just like the Wall Street protest is now left out of big news channels.
Unfortunately, in the background, we shopped our way out of our jobs. We took the dangling carrot of cheaper prices and went for the imported goods from the wage slave markets of the world, with many saying they no longer had a choice. They said it was a matter of survival.
We can say it is Wall Street who caused all this -- and perhaps they did. But they did it after we participated in the process. We participated in the deception by shopping our way out of our jobs. We have to keep history straight about the Clinton era. It was a Democrat President and a Democrat controlled Congress that passed both NAFTA and GATT trade agreements. Of course, the Republicans locked hands with the Democrats. Even people like Rush Limbaugh joined hands with President Clinton and pushed for the passage of both NAFTA and GATT.