...Occupy Wall Street Movement Moral and Ethical Implications Occupy Wall Street Movement Moral and Ethical Implications The Occupy Wall Street Movement that started in September 2011 in Liberty Square in the Finical District was movement organized by people to expose corruptions in cooperate America. The Occupy Wall Street Movement was known, as the peaceful protest due to it’s non-violent, non-aggressive nature and spread to over a one hundred and fifty cities cross the United Sates. Moral and ethical implications are the essentially what is right or wrong This paper looks at the moral and ethical implications related to the movement and uses some common ethical theories to determine which applies best to the issues surrounding the movement. The Occupy Wall Street Movement began in Zuccotti Park in New York City. Being that the park was private police did not have the right to kick the group of protesters out. The pretest was the people’s reaction to cooperate greed, social inequality, and the power of big business over the democratic process. Their slogan was heard across America, “we are the 99 percent.” They believed that one percent of the population; the banks, the mortgage industry and large corporations were controlling all of the countries wealth and preventing the ninety nine percent from prospering (The Occupy Wall Street Movement, 2012). Thousands of people organized across the United States in major cites and college campuses...
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...Running Head: Occupy Wall Street Movement Occupy Wall Street By: Barbara Manley Business 309 Professor: Dr. Badowski January 29, 2013 Running Head: Occupy Wall Street Movement 1 Occupy Wall Street Movement The Occupy Wall Street Movement came about in September of 2011. This was a movement about corporate money ant the influences it has on the politics. Many supported this movement because they felt that politics” supported corporate greed, as well as financial and social inequality.” (Haidt, 2012). One moral view of this was focused on democracy, which must were lead to believe was controlled mostly money and not the people which is what a democracy is supposed to be focused on. Those who supported (OWS) Occupy Wall Street believed that if there was to be a change made in the country the focus must took of the money and placed back on the resources our country has to offer. This movement set out prove that we were throwing money at the issues and problems instead of really dealing with them and finding ways to fix them. Occupy Wall Street also brought out that America wasn’t setting an example of a united nation but that of a nation controlled by politics and money The (OWS) showed how more money was being spent on the military which many questions if this was really of necessity. Occupy Wall Street also places some of it focus on the nature, they showed that although we talking about preserving our world we continued to use harmful chemicals and drill. (Lakeoff, 2012) “A...
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...Krystal Graham “Occupy Wall Street” Business Ethics Professor: Steven Curry “Occupy Wall Street” The “Occupy Wall Street” movement has become a big deal since it began in the fall of 2011. This movement was inspired by international protests, with thousands arriving in New York City answering the call, soon spreading to well over 500 cities. I would like to discuss more of the details of the movement, the moral and economic implications, as well as the different ethics theories to see which theory best applies to the movement. The Arab Springs protest on February 11, 2011 was the most notable inspiration of the Occupy Wall Street movement. According to the website occupy together, the occupy movement is an international movement driven by individuals. They are organized in over 100 cities in the United States, and they aim to fight back against the system that has allowed the rich to get richer and the poor to get poorer. “All of us have many different backgrounds and political beliefs but feel that, since we can no longer trust our elected officials to represent anyone other than their wealthiest donors, we need real people to create real change from the bottom up… We no longer want the wealthiest to hold all the power, to write the rules governing an unbalanced and inequitable global economy, and thus foreclosing on our future.” The movement works to achieve their goals by resist, In the spirit and tradition of civil disobedience #occupy takes to the streets to...
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...BUS309: Assignment 1 Prf. Bonitto Carlos A. Machado Z. May 14, 2013 Discuss the moral and economic implications involved in the movement. The Occupy Walls Street’s movement stands in the moral grounds of: “It’s wrong to wreck the world. It’s wrong to wreck the health and hopes of others. An economic system that forces most of the people to bear the impacts of the recklessness of a few powerful profiteers, to assume the burdens of others’ privilege, and to pay the real costs of destructive industries in the currency of their health and the hopes of their children”. They believe that the system disrupts a great planetary cycle that support lives on earth (Moore, 2013). In the economic grounds they believe that everything is connected and everyone depends on each other. They see that a few (The 1%) have control of everything (economy, justice, environment etc.), and have politicians in their pocket. They believe that the rich and powerful have the power to resolve many issues that are concerning right now like environmental and economic emergencies but instead of doing so; they satisfy their greed with a short-term gain (Moore, 2011). The goal of this movement is to restore democracy by getting the money out of politics so that the people can take measures that will save the world from catastrophe and their principles are (Occupy Wall Street, 2011): 1. Engaging in direct and transparent participatory democracy 2. Exercising personal and collective responsibility ...
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...Occupy Wall Street Movement Liz Croutch Annette Redmon Bus309 May 8, 2013 Discuss the moral and economic implications involved in the movement According to Occupywallst.org, The Movement Occupy Wall Street is a leaderless resistance movement with people of many colors, genders and political persuasions. The one thing we all have in common is that “We Are The 99%” that will no longer tolerate the greed and corruption of the 1%. We are using the revolutionary Arab Spring tactic to achieve our ends and encourage the use of nonviolence to maximize the safety of all participants. (Occupywallst.org) The movement began out of frustration in the growing inequality between the wealthy 1% and the rest of the population. Greed, corruption and the perceived undue influence of corporations on government especially in the financial services sector produced this momentous uprising. This movement is the embodiment of all of the frustrations that Americans have dealt with particularly; economically. The rich are getting richer and the poorer getting poorer. This has been the downward spiral for the last forty years. This movement gives a voice to the grievances of the people. According to newpol.org “Occupy is a kind of a party, not a party with a formal structure, but potential peoples party in formation, the party of working people, the party of the poor, the party of the dispossessed, the oppressed, and the exploited. The Occupy movement excoriates the banks...
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...Occupy Wall Street Movement November 2nd 2012 Business Ethics Occupy Wall Street In the fall of 2011, in Manhattan’s Zuccotti Park, hundreds of protestors were evicted because they were protesting main issues such as social and economic inequality, greed, and corruption. The Occupy Wall Street slogan, “We are the 99%”, addresses the inequality income and wealth distribution in the U.S. between the wealthiest 1% and the rest of the population. The protesters have put their faith in the last seemingly credible force in the world: each other. The movement is really about the balance of give and take of Wall Street, how there are people who make things to add to the distribution of goods in America, who help America’s growth by keeping consumers money and resources in America, and there are takers who take from Wall Street and do not give anything in return and that is where there the problem is because they don’t provide anything to the benefit and progression of America’s financial status. Moral and economic implications of Occupy Wall Street Movement “Like a lot of the young protesters who have flocked to Occupy Wall Street, Joe had thought that hard work and education would bring, if not class mobility, at least a measure of security (indeed, a master’s degree can boost a New York City teacher’s salary by $10,000 or more). But the past decade of stagnant wages for the 99 percent and million-dollar bonuses for the 1 percent has awakened the kids of the middle class to a national...
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...Occupy Wall Street Movement Holly Hyder Professor Zimmerman Business Ethics July 28, 2013 Occupy Wall Street Movement In the fall of 2011 there began a movement in America. This movement would forever be known as Occupy Wall Street. Taking over Liberty Square in the Manhattan Financial District in New York, a group of Americans began a nonviolent protest over the economic state in America. One of the stances that Occupy Wall Street held was that 99% of American’s economic well-being was controlled by the top 1% of Americans. This economic truth would no longer be accepted by this group of Americans. This group also called for solidarity inside of the 99% of Americans defining this in a set of principles. These principles involved a direct and transparent engagement of participatory democracy, exercising responsibility on collective and individual levels, empowerment of each other against all oppression, redefining how labor is valued, the sanctity of individual privacy, that education is human right, and that all knowledge, technologies, and culture be open to free access, creation, modification, and distribution (Stone, 2011)). Together in this movements solidarity they came together in New York to speak out about the injustices that they have suffered at the hands of corporations. These facts were that homes had been placed in foreclosure without the original mortgages, bonuses have been given to executives after corporations have received bail outs from taxpayers, the...
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...Introduction The Occupy Wall Street movement started September 17, 2011. The first protest took place in New York City’s Zuccotti Park. OWS was formed based on some of the following issues: “the concentration of wealth; in the top 1%; unemployment and economic stress in the “Great Recession;” the deeds of Wall St. in the financial crisis; the influence of the big money in politics; the foreclosure crisis and predatory lending; inequalities linked to race, ethnic origin, gender, sexual orientation, class origin, disability, or immigration status; global poverty and differences in wealth between nations; inequalities in access to education and health care; attempts to remedy inequality via affirmative action, taxing the rich, the minimum wage, or the various welfare and social programs known as the “social safety net. (Sterling, 2012).” This is a very incomplete list but , it gives us an idea of what they stand for and what issues they are trying to change (Sterling, 2012). The term 99% will be referred through-out and is simply those that have benefited from economic growth, control the wealth, and own the politicians. The term 1% will be referring to everyone else these terms were given by former Yale professor David Graeber Easton, 2012). Moral and Economic Implication Is it right that the Federal Reserve creates money out of nothing to give to the banks as they did in 2008 in excess of $8 trillion allowing them to profit on this money well over $13 billion (Kucinich...
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...“Enough! No more! You will not continue to profit on the broken backs and weary shoulders of we, the people! You will not destroy the American dream with your greed!” They did not leave, but hoisted tents and unrolled sleeping bags to “Occupy Wall Street” (Smith, 2011). Since that day, the movement has spread across the country, from New York up the coast to Boston, down the coast through Washington to Miami, and across the country through Chicago and St. Louis all the way to Los Angeles, from large metropolises to small towns across America. It has become a genuine social and political movement, utilizing both old media such as newspapers and television news and new media such as Facebook, Twitter, and Youtube (Ellis, Raja & Follman, 2011). Major labor unions, such as National Nurses United, the AFL-CIO, the Communications Workers of America, the United Auto Workers, the United Federation of Teachers, the Writers Guild East, and others have pledged their support, while economic and social organizations, such as the Coalition for the Homeless, the Neighborhood Economic Development Advocacy Project (NEDAP), the Alliance for Quality Education, the Human Services Council, and others have also raises their voices in solidarity (Occupy Wall Street, 2011). On October 5, 2011, ABC News reported at least 15,000...
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...Occupy Wall Street Movement Business Ethics 309 Discuss the moral and economic implications involved in the movement. September 17, 2011 is the day the Occupy Wall Street (OWS) movement began in Zuccotti Park, located in New York City. The main issues include social and economic inequality, greed, corruption and the undue influence of corporations on government according to The New York Times. The mix of moral foundations based on ideas from the anthropologist Richard Shweder, outline six clusters of moral concern - care, fairness, liberty, loyalty, authority, or sanctity. OWS main moral issues include: fairness, care, and liberty. Fairness – the rich (the “1” percent) got rich by taking without giving. OWS protesters viewed the rich as cheaters who exploited their way to the top. They further suggested that the taxpayers had to bail them out after they crashed the economy. Care and liberty were the next moral foundations at OWS (Haidt, 2011). Analyze each of the implications identified above against the utilitarian, Kantian, and virtue ethics to determine which theory best applies to the movement. Utilitarian looks at consequences, or the greatest good for the greatest number. Utilitarianism is generally held to be the view that morally right action is the action that produces the most good. We believe that we are all individuals and that society is only the net result of our individual choices. The sociologist Emile Durkheim understood that utilitarianism is...
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...Occupy Wall Street Movement was started from a group of activists, students and protesters that really want to change the world and have their voice be heard. (2011, Kroll) Many of these activists are residents of the Unites States, but have lived in other countries and have experienced many protests within their country. As this group formed they felt the need to better understand why the United States’ economy was in a state of flux. They would question the inequality of salaries of many major companies. They also are concerned about how the financial industry or banking institution is corrupt in spending money. Occupy Wall Streets’ slogan is “We are the 99%,” referring to that most of the wealth in U.S. is among the top 1% compared to the other 99%. The other 99 percent are those that may not have jobs, living below the poverty line or those that are middle class. In reality the CEO’s or banking, financial institutions, etc. are accumulating most of the wealth in this country. Many would think that it’s because of unregulated industries that allow improper global trading or unregulated amounts of monies dispersed between the government and protected companies. Upon further analysis of the movement, we will discuss the moral and economic implications of the movement to try to better understand the reasoning behind the passion of the protestors. Months before the protest in Zuccotti Park there were a small number of protestors discussing dissatisfaction of many people losing...
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...Occupy Wall Street Professor Sanjib Guha Business Ethics November 12, 2012 Occupy Wall Street Many Americans have wanted to take a stand against the corruption that occurs within big business, banks, and Wall Street. It was not until September 2011 that people band together to take a stand in Liberty Square, which is located in Manhattan’s Financial District (2012). This movement started with many passionate people that would no longer hold their silence. Having to deal with an economy that tanked and a high unemployment rate brought this to a head. The message was clear – a change was needed. It is said that the collective worker in America does not have a voice (About, 2012). Many are told to just deal with the outlined terms of employment or find another job. Union workers would say that they have choices, and their representatives fight for them. The union workers also have a higher salary than non-union workers in the same field of work. Occupy Wall Street (OWS) provided a springboard for a joint voice that was loud enough for some to hear. Many that were out of work and many that needed to speak up band together to focus on this inequality. Moral that was once low, soon increased as the movement took form. The movement had some setbacks a few months after it started which included protestors being faced with arrest. Looking from the outside into the movement, one would wonder if all involved had the same goals as the movement, or were they there to simply...
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...The Occupy Movement Randy Hale, Kathryn Lindquist Sanchez, Liduina Allen, Monica Lorena Carrillo, Veronica Lincoln PHL/323 November 13, 2011 Cassandra Giles, Facilitator The Occupy Movement Ethical behavior in business is consistent with the principles, norms, and standards of business practice that have been agreed upon by society (Trevino & Nelson, 2007). Society is unhappy with greed and corruption of wealth inequality prevalent in the U S. The wealth of the United States people is only held by 1% of the U.S. population (“Occupy Together”. 2011). The Occupy Wall Street movement focus is for better wealth equality across the nation. What happened in society that brought up the issue? What ethical change or ethical system played a role in the issue? What is a proposed plan to fix the issue? What seems to be the Basis of the Issue? The basis of the Occupy movement was brought about by ongoing financial fraud and wanting the wrong doers to be brought to justice. The movement wants to separate money from politics. The Canadian-based anti-consumerist organization called Adbusters proposed occupation of Wall Street to protest corporate influence on democracy, and a growing disparity in wealth. The issue being; they represent the 99%, and have the goal of ending the greed and corruption that the wealthiest 1% of Americans have (“Occupy Together”. 2011). The Occupy Wall Street movement wants a more equal distribution of the wealth. The idea is to rebuild the wealth...
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...A clash between youngsters or occupiers and the government, the anti-occupy parties or the police force happened lasting 79 days since 28 of September 2014, known as the umbrella movement. There is a question whether youngsters’ participation in the umbrella movement can be explained by Merton’s strains towards anomie theory. To answer such question, it would be required to consider and descript few key terms stated in the question, followed by the linkages and applicability between those terms with detailed justification and draw proper conclusion at last. I tentatively would say yes to the given question before making my deeper explanation. Merton’s anomie theory composes three elements including cultural structures, social structure and anomie. Taken together, the mismatch between cultural structure and social structure and strains towards anomie on part of individual form two conditions for anomie (Merton, 1938). Beside Merton’s theory, it is crucial to define what youngsters’ participation and umbrella movement stand for. A random poll conducted in Central, Mong Kok and Causeway Bay during 20 to 26 of October 2014 showed that 61% of participants in the umbrella movement was under 29 years old (Cheng and Yuen, 2014). Therefore, Youngsters’ participation in the umbrella movement may refer to students or those aged below 29, while this was a youngster-led protest movement, which aimed at changing Hong Kong’s Chief Executive election system, initiated by classes boycotts...
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...Running head: OCCUPY WALL STREET Assignment #1 Occupy Wall Street Movement Brenda Bryant Dr. Obi. Iwuanyanwu BUS309 Business Ethics October 5, 2012 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 disparity of countries around the world. The protest gained momentum after a continuous series of protests took place in Zuccotti Park in New York City's Wall Street financial district (Manhattan) on September 17th, 2011, where it was named 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 OWS primary goal is to make the economic structure and power relations in society fairer. The majority view of the protesters and moral implications is to fight for more government involvement and concern for the 99 percent that are not rich. OWS protesters 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 rich--those on Wall Street (“the “1 percent”) got rich by taking without giving. OWS protesters view the rich as cheaters...
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