So there you have it.
Like almost any list of demands, there is good and bad here. Two common themes animate the list. One is that the writer clearly hasn’t studied economics. Free trade promotes wealth and peace, and has almost zero net effect on employment in the long-run. High minimum wages price the lowest-skilled employees out of work, and hurt them. There is no free lunch. Nobody will lend money if they aren’t going to be paid back.
None of those statements are controversial inside the profession, only out of it. Regardless of one’s political leanings.
The second theme is entitlement. Other people should pay for my health care. Other people should pay for my college education. I shouldn’t have to pay back my credit card balance. In short, gimme. How millennial.
The tea party movement’s uninformed populism is embarrassing to many on the right. No wonder Brendan O’Neill, seeing the same phenomenon on the left,
wrote in
The Telegraph that “The teenage moralism of the Occupy Wall Street hipsters almost makes me ashamed to be Left-wing.”