Occupy Wall Street
Occupy Wall Street
Emmanual D Tomes
Strayer University
Business Ethics
BUS 309
Dr. Adrienne Garabedian
February 03, 2013
1) Discuss the moral and economic implications involved in the movement:
After the sub-prime crisis had ended and its harsh realities began to come up on the face of financial services, firms such as Goldman Sachs and Credit Suisse requested government bailouts which were financed by the taxpayers’ money. From this, outrage ensued and to retaliate, people began what is called the Occupy Wall Street movement, whose aim was to be able to stop the ruthless and selfish profit making mechanism of financial giants. For the same, a protest was held which showed that there is income inequality in the US and these companies as well as the government, while taking this step, has ignored the majority of the society and concentrated only on the affluent minority. In the on-going process, many means of showing ones dislike and anger have been used. For people, the story is about either the closing down of an important economic port to show ones dislike and also going and filling up of jails to going for peaceful agitation on the road. The impact would be on the economic front. Firstly, it has had its share of support from the President, who has assured that proper distribution of resources is done. The means of stopping a port in Portland and thus affecting the trade done from the areas of San Diego, Los Angeles and Oklahoma etc. have already disrupted the trade their and has caused a lot of revenue loss on that front. It has also putting pressure on the government to take corrective action. Such agitations have already shown negative impact on the stock market so that is one kind of economic front that has been hurt. That is not all; the kind of money that is invested from stopping the people from going berserk is also a part of the impacts. Latest news reports have shown that millions have gone down the drain in effort to stop the spread on
Emmanual D Tomes
Strayer University
Business Ethics
BUS 309
Dr. Adrienne Garabedian
February 03, 2013
1) Discuss the moral and economic implications involved in the movement:
After the sub-prime crisis had ended and its harsh realities began to come up on the face of financial services, firms such as Goldman Sachs and Credit Suisse requested government bailouts which were financed by the taxpayers’ money. From this, outrage ensued and to retaliate, people began what is called the Occupy Wall Street movement, whose aim was to be able to stop the ruthless and selfish profit making mechanism of financial giants. For the same, a protest was held which showed that there is income inequality in the US and these companies as well as the government, while taking this step, has ignored the majority of the society and concentrated only on the affluent minority. In the on-going process, many means of showing ones dislike and anger have been used. For people, the story is about either the closing down of an important economic port to show ones dislike and also going and filling up of jails to going for peaceful agitation on the road. The impact would be on the economic front. Firstly, it has had its share of support from the President, who has assured that proper distribution of resources is done. The means of stopping a port in Portland and thus affecting the trade done from the areas of San Diego, Los Angeles and Oklahoma etc. have already disrupted the trade their and has caused a lot of revenue loss on that front. It has also putting pressure on the government to take corrective action. Such agitations have already shown negative impact on the stock market so that is one kind of economic front that has been hurt. That is not all; the kind of money that is invested from stopping the people from going berserk is also a part of the impacts. Latest news reports have shown that millions have gone down the drain in effort to stop the spread on