Megaupload didn’t ruin the economy, Wall Street did. One gets shut down, other gets bonuses.

Putting aside whether Megaupload is truly dangerous and a pirate haven or not, it didn’t cause the global economic collapse.  Yet it was shut down yesterday, while the barons of Wall Street remain unscathed.

Megaupload had nothing to do with the ugly unemployment numbers that are likely to stick around for years. It had nothing to do with families being thrown out of their homes. It had nothing to do with retirement accounts being slashed in half. It had nothing to do with the rapidly increasing divide between the middle class and the super-rich. It had nothing to do a lousy economy that is going to hang around for many more years. How is it possible that the feds can organize a global program to hunt down the owners of a Web site and shut it down (protecting the 1%) when they can’t even be bothered to prosecute Wall Street for ruining the economy (again protecting the 1%)?

Outside of the movie and music industry, few give a damn about Megaupload – but everyone still cares a lot about the crisis that Wall Street brought down on our heads and pocketbooks. We also continue to be upset that Wall Street bonuses – even though they are being reduced – will still be considerably more than most Americans can expect to get for years to come. Even people working in industries with similar experience and backgrounds don’t make the crazy money that is still being offered on Wall Street.

How about some real justice for a known problem rather than this side show to make the movie and music industry happy.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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