When one compares policymaking episodes around the world it seems clear that there is more at play than the content of policies. The mindset of policymakers and the process of policymaking seem to also have a lot to do with the disappointing outcomes.
Not surprisingly, signals of market stress are increasing, with a growing number of measures now flashing yellow and some on the verge of flashing red. The longer this persists, the greater the risk of very large market moves.
By striking a chord with many in America and across the world, Occupy Wall Street is a movement that cannot, and should not be dismissed. It will resonate even more as western economies continue to struggle with sluggish growth and high unemployment. Yet it is too early to declare victory. Having provided a better understanding of the past, it is now time for the movement to pivot in order to contribute a better tomorrow.
Whether it is in Cairo's Tahrir Square or elsewhere, Egypt's protestors are asking the Supreme Council to complete the ongoing political transition more quickly. They will not settle for half a revolution. Neither should anyone else.
