Eliot Spitzer: Our Rallying Cry Should Be, "We Own Wall Street and We Can Stop Corporate America's Worst Behavior."

If the public exercised its ownership capacity by influencing board member selection, compensation, and political donations, then these companies would be fundamentally altered.

December 21, 2011  |  As the year ends, American politics remains mired in the agenda of the right. The House is, at least momentarily, refusing to extend the payroll tax cut and unemployment benefits—two policies genuinely beneficial to the middle class. And the presidential campaign heading into the Iowa primaries is dominated by the libertarianism of Ron Paul and the astonishing, appalling ideas—eliminate child labor laws, for instance—of Newt Gingrich.

Yes, Occupy Wall Street changed the debate for a brief spell, and, yes, President Obama harkened back to the glory days of progressivism with his Kansas speech. But in general American politics has lost sight of the most important crisis of our generation: the shrinking middle class.