Even as the Occupy movement continues to be broken up, American shoppers spent more money this last weekend then any Black Friday/Cyber Monday before. What does this say about our economy and how the 99% are doing?
It would seem that with Thanksgiving shopping numbers up and the resulting Wall Street surge that our economy is on an upward swing. While camping out for deals with mobs running each other over still produced huge sales, pitching the online tent while staying warm in the house was an even bigger draw. Americans voted this weekend, and they voted for the big. Big stores – Walmart, Best Buy, and Target as well as Amazon and other online retailers. And…the newest big bank is PayPal.
With a big vote for Capitalism this weekend, is our economy truly on an upswing? I don’t believe it is. Rather, I believe that most Americans are desperate for a deal. Desperate to vote for lower prices by waiting in line and online for the best deals they can find. I believe that this is a symptom of a continued struggling economy and further need to consider what is best for the rest of us.
While the Occupy movement is no longer camping out in many cities, America still is struggling to find a voice for what they need. Yes, large retailers may have won out on paper this past weekend, but that battle is not the war – the economy will not magically turn around without real change in the market and the 99% will not forget, in the long run, how they have been betrayed by the “big” in America.