Occupy Wall Street Movement

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Assignment #1 Occupy Wall Street Movement Dr. Fred Brandt BUS309 Business Ethics July 25, 2013 Discuss the moral and economic implications involved in the movement. The Occupy movement was a protest that gathered local organizers, students, and activists in response to the economic inequality of countries across the globe. The dispute achieved momentum after a continuous series of disputes and rallies took place in a Park in New York City's Wall Street financial district (Manhattan) on September 17th, 2011. Thus, being given the title Occupy Wall Street (OWS). This is an international protest movement where the moral foundation of the OWS Movement appears to be focused around fairness, care, and liberty from oppression. The main moral issues are against social and economic inequality, greed, corruption, and the undue influence of corporations on government—particularly from the financial services sector. The Occupy Wall Street main focus is to make the economic structure and power relations in society a level of equality. The mainstream view of the protesters and moral suggestion is to push for more government involvement and concern for the nine tenths of the world that aren’t wealthy. Occupy Wall Street activist believe the economic system is not fair and is set up in way such that now only the rich are getting richer, and the poor are getting poorer. The wealthy, those on Wall Street (“the “1 tenth”) acquired their riches by taking without giving. OSW activist view the wealthy as con artist exploiting their way to the top. They further suggested that the taxpayers had to bail out the “1 tenth” after they crashed the economy. The proper economic allusion is that “…they really owe us [the taxpayers] for saving their necks. It’s high time they started paying what they owe.” (Haidt, 2011)

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