Occupy Wall Street Movement
The Occupy Wall Street movement started from young protestors growing tired of high student loans and low grossing wages. The movement had moral and economic implications. These implications could be compared to utilitarian, Kantian, and virtue ethics, with one that best applies to the movement. There are several people and organizations that can be held responsible for the inequality and wealth distribution in the U.S. There is an equitable outcome that would be appropriate for our capitalistic society from this movement. The movement will fade away with time with likely outcomes to come from the protests. Discuss the moral and economic implications involved in the movement.
One of the main concerns of the Occupy Wall Street movement is the rising cost of college and student loans. If student loans were forgiven, however, it wouldn't solve the fundamental problem of costly education. A government program that forgave student loans would improve the finances of people holding student loans, but it would do so at the expense of taxpayers in America. Many of these taxpayers would fall within the 99%. Furthermore, by seeking bailouts for student loans, the Occupy Wall Street movement is fundamentally no different than the banks and corporations that they're criticizing. For the most part, media coverage of the Occupy Wall Street protest has been predictable. Stories are narrated according to the pro/con structure typical of balanced reporting or sensationalism. On the one hand, positive focus sympathetically explains why protesters have been demonstrating en masse since Sept. 17. These accounts place the activist mantra of “We are the 99%” in a historical and economic context that connects significant inequalities in wealth to violations of justice that should prompt people of conscience to demand rectification. On the other hand, negative reports argue against interpreting the protest as legitimate civil disobedience. Occupy Wall Street is an especially interesting collective action movement because it embodies a distinctive and pervasive shift in ethical orientation. The long-simmering forces that gave rise to the protests also have profoundly altered how students today view their place in society.
Analyze each of the implications identified above against the utilitarian, Kantian, and virtue ethics to determine which theory best applies to the movement. Support your position with examples and evidence. We are living in historic times. Capitalism will not be brought down in this through this movement. This is as a result of weaknesses of linkages between working class revolutionary theory and practice as represented by the partisan and broader social manifestation of this most decisive force of bringing to birth a new world on the ashes of that morass which we now live in. But it is an hour in which great leaps forward can be made and are being made. Such hours come with lessons that would be invaluable for us living today and for generations coming after us that would eventually cleanse the life of humankind of the ugliness and pains that capitalism stamps on its beauty and fullness. Utilitarian ethics on its own part conflates the expansion of wealth in society as a whole with greater happiness for the greater number of persons in society, thus losing sight of the proportional increase in unhappiness for most members of society that create the wealth, with the expansion of such wealth, which a few appropriate (Ferguson 2008). This is of particular importance for industrial relations, which addresses the site of relations in the process of production.
Determine who is responsible for income inequality and wealth distribution in the U.S. In your analysis, make sure to include if this is something that happened suddenly or if it built up over time. Explain your rationale. Wealth accumulates...
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