Eric Schneiderman was right.
New York State's Attorney General told an audience at the Take Back the American Dream Conference that we need a "transformational politics" that will change the way we look at ourselves, our society, and our economy.
The wealthy have amassed an ever-greater share of our national income through conscious policy choices, said Schneiderman, not through an act of God. They’ve been able to divert our nation from a production economy to a financial-speculation economy the same way.
Schneiderman was suggesting that political action should help us change the way we view our economic world.
Free Your Mind, Arrests Will Follow
I couldn't agree more. Thanks to an expensive and intensive decades-long campaign of propaganda and political influence-peddling, many Americans re-adopted a mythology about wealth that had been discredited and abandoned by most of the world (including the United States) in the 20th Century. We need to transform ourselves, remove the blinders, and see things as they really are.
Schneiderman's distinction between "transformational" and "transactional" politics was also valid: Voters don't just want to see a legislative accomplishment - any accomplishment - regardless of its impact. They want to see accomplishments that reflect who we are as a people, and which advance us as a society.
But transformation will need some involvement from the world of "transactional" activity, too. As I told the group, I can't think of any single act that would be more "transformative" that the arrest of a senior Wall Street executive.
Wall Street: CSI
The occasion was a panel discussion on "Taking On Wall Street" moderated by MSNBC's Alex ...