SAN LUIS OBISPO, Calif. (MarketWatch) — “American capitalism is broken,” warns economist Peter Morici. Worse, American government is broken with “two bankrupt political parties bankrupting the country,” warns Stanford political scientist Larry Diamond. Why? Because Wall Street is broken: Our engine of capitalism is broken.

Morici warns that Wall Street’s insatiable gluttony is strangling America’s 8,000 regional banks: “About 3,000 regional banks face extinction, and ordinary Americans can only borrow money at government run Fannie Mae and Freddie Mac or at extortionist rates on big-bank-controlled credit cards.” Time to counterattack, or the clock runs out.

GOP push to keep Bush tax cuts

The plan? Hackers are America’s “Hail Mary pass” against Wall Street’s power play to rule America. In fact, hackers may be the only solution left, our last line of defense in this economic class war to save America. Hackers can operate like secret CIA special ops commandos to help take America back from the Wall Street Conspiracy of super-rich.

Yes, only solution. Why? Two bankrupt political parties. Forget gridlock, it’s worse. The GOP will restore Reaganomics for the rich. The Dems are proven gutless fighters. And an activist Supreme Court unleashed the floodgates for billionaires, foreign corporations and the U.S. Chamber of Commerce lobby to gain absolute control of Washington.

So it’s now or never. America is no longer a democracy. Voting is a cruel joke. America is now an anarchy being divided up by and for the rich. Today’s world reminds me of British oppression that triggered the 1776 Declaration of Independence.

Yes, America’s problem is very simple: Wall Street. Capitalism is broken. Wall Street broke it. Beyond repair. And it has no intention of ever changing its gluttonous ways.

That’s been obvious since 2008 when a Goldman insider in the Treasury conned a clueless Congress into bailing out a broken Wall Street. So now Wall Street runs America and our bankrupt political parties will fix nothing without a catastrophic meltdown, class war, revolution.

Two hacker strategies to save America from Wall Street

Listen closely: Once it became obvious 300 million average Americans are handicapped in their asymmetrical economic class warfare against Wall Street and its co-conspirators … obvious that American capitalism is broken … obvious America is an anarchy run by “two bankrupt political parties bankrupting the country” … then it also became obvious that average Americans need extraordinary solutions to level the playing field.

America needs hackers. And fortunately, two hackers strategies already exist. They will eventually revolutionize and transform Wall Street and American politics. The first is the more radical strategy, captured in Steven Levy’s 1984 classic “Hackers: Heroes of the Computer Revolution,” recently published in a 25th anniversary edition.

The second is about an “evolutionary hackers” solution to America’s Wall Street problem. In fact, this hacking trend is already in action, captured in Don Tapscott and Anthony Williams new classic “MacroWikinomics: Rebooting Business & the World,” an extraordinary work that focuses on, among other things, how transparency is essential for a capitalist system that works for all economic classes, not just the super-rich.

Why hackers? Throughout history hasn’t America always recovered from the hell of civil war, world wars and many depressions? Doesn’t the resilient American spirit always win in the end? Isn’t hacking subversive? No, not even close to the bold decisions of Washington, Jefferson and the 57 signers of the American Declaration of Independence who went to war against a powerful authority.

Hackers: heroes of the Second American Revolution

Imagine Levy’s classic retitled “Hackers: Heroes of the Wall Street Revolution.” Better yet, “Hackers: Heroes of the Second American Revolution.”

You sense that future as a real possibility when reading what Steward Brand (founder of the Whole Earth Catalogue and sponsor of the first Hackers Conference), said in Levy’s “10-year Afterword.” You sense there are computer geniuses out there who can beat a gluttonous Wall Street and do it with the public good in mind. Listen to Brand’s profile of hackers, their passion, values and love of country:

“I think hackers — dedicated, innovative, irreverent computer programmers — are the most interesting and effective body of intellectuals since the framers of the U.S. Constitution. No other group that I know of has set out to liberate a technology and succeeded. They not only did so against the active disinterest of corporate America, their success forced corporate America to adopt.”

Get it? Hackers did force American business to change. Back then Corporate America wanted to control computer innovation, development and sales, but in the end could not.

Brand says: “In reorganizing the Information Age around the individual via the personal computer, the hackers may well have saved the American economy.” Much the same as we’re facing today against the gluttonous self-destructive ways of the Wall Street Conspiracy

New Robin Hoods: Hackers, WikiLeakers and whistleblowers

Levy details the “Hackers Ethic.” Corporate America sees hackers as the enemy. And yet they operated under the principle that hackers were “performing a duty for the common good, an analogy to a modern-day ‘Robin Hood.’ The hacker communities as a result are prided on the fact that they are the rebellion against authority figures that restrict this level of computer freedom.”

So while Wall Street and Washington disagree, hackers are patriots in economic class warfare.

Other principles: Hackers “mistrusted authority, promoted decentralization,” believed above all that “access to computers — and anything which might teach you something about the way the world works — should be unlimited and total,” that “all information should be free,” clearly a call for transparency throughout business, finance, government.

Hackers rereading Levy’s classic must hear a new call to arms. Today, as in 1776, millions of Americans are being outgunned in an asymmetrical economic class war with Wall Street and its gluttonous co-conspirators.

Levy writes in conclusion: “According to computer book publisher Tim O’Reilly, who fosters hackism … the hacking culture will always find new outlets … Big business may stumble upon and commodify hackers’ breakthroughs, but hackers will simply move to new frontiers.”

Fortunately there is a new frontier for hackers. America needs help now. Hackers love a challenge. Examples: Hackers could expose secret agreements between Wall Street’s co-conspirators, back-room deals with politicians and bureaucrats, lobbying payments and illegal campaign contributions, especially from foreign governments, encrypted emails, side dealings with short-sellers on derivatives, quant trading algorithms, return on investment, fee and compensation schedules, marketing scams manipulating the public, and all unethical or criminal plans.

Imagine the best of WikiLeaks and whistleblowers, but most of all, think “Robin Hood … performing a duty for the common good.”

Wikinomics: Declaration of Independence for new American revolution

In their latest best-seller, “Macrowikinomics,” Tapscott and Williams expand on how “mass collaboration” is rapidly “changing the way businesses communicate, compete and succeed in the new global marketplace.”

Today, “in the wake of the financial crisis, the principles of wikinomics are now more powerful than ever. In this new age of networked intelligence, businesses and communities are bypassing crumbling institutions,” like Wall Street banks, the Fed and Congress.

The Zen-Taoist way of wikinomics is a new global zeitgeist, an emerging collective consciousness that is “altering the way our financial institutions and governments operate; how we educate our children; and how the health-care, newspaper and energy industries serve their customers.”

Yes, the old “crumbling institutions” of vested interests desperately resist the new zeitgeist. But they will lose, because “in every corner of the globe, businesses, organizations and individuals alike are using mass collaboration to revolutionize not only the way we work, but how we live, learn, create and care for each other.”

Who are these new “evolutionary hackers,” as I call them? In their sixth ground rule, “Empower the New Generation,” Tapscott and Williams offer this profile: “The youth of America grew up with the net, they were reared on social networking … engage them and trust them … the interactive digital environment and technology has profoundly affected the way they learn, work, behave and think … they are the natural champions of transformation … Get going with them, build momentum, deepen transformation, break down old industrial [financial and governmental] models, and enable reinvention.”

The new “Net Generation” is the “natural champion of transformation.”

Yes, Morici is right: “American capitalism is broken.” And Diamond is right: America has “two bankrupt political parties bankrupting our country.” But a new generation of hackers and the bold new zeitgeist of “Macrowikinomics” offers much hope.

True, America will suffer through a brutal economic class war, our second Civil War, the Second American Revolution. But there is much hope, for as Nietzsche once put it: “That which does not destroy us, will make us stronger,” and set us free.