Occupy Wall Street

Topics: Economics, Economic inequality, Distribution of wealth Pages: 6 (2009 words) Published: March 2, 2014

Occupy Wall Street
Jeremy Banks
BUS309 February 3, 2013
Professor Zimmerman


The Occupy Wall Street movement is based on utilitarian theory. They believe it is only fair for everything to be done for the greater good of all. As long as politicians continue with the ways of Reaganomics, the income inequality and wealth distribution in the United States will continue to worsen. This responsibility lies with every American, but it is especially true for politicians. The government needs to change economic ways before the American economic model influences and leaves the global economy in ruins. Wealthy people should pay the same share of income tax everyone else. The Occupy Wall Street movement emerged strong and then faded away. The organization is too scattered at this point. The movement did leave behind the attention it brought to the freedom of speech issues in this country.

“Occupy Wall Street”
Discuss the moral and economic implications involved in the movement.
The Occupy Wall Street movement (OWS) also called the 99 percent started in Zuccotti Park, located in New York City on September 17, 2011. “The Occupy Wall Street Movements are connecting the dots on a map of dysfunction and injustice (Moore, 2011).” Johnathan Haidt said, “In my visit to Zuccotti Park, it was clear that the main moral foundation of OWS is fairness, followed by care and liberty. Loyalty, authority, and sanctity, by contrast, were very little in evidence (Haidt, 2012).” Haidt outlines the six moral clusters that people fit into (care/harm, fairness/cheating and liberty/oppression), then concludes that the protesters lean left in general—meaning “Fairness, care, and concerns about oppression” are high priorities. The difference is that fairness is cranked up from the second position in which we normally find it (behind care) to the number one motivation. The protesters' basic message is quite clear: Rein in the influence of big business, which has cheated and manipulated its way to great wealth (in part by buying legislation) while leaving a trail of oppressed and impoverished victims in its wake (Haidt, 2011). Economic principles of the Occupy Wall Street movement have concentrated on the top 1one percent but are promising to address poverty as well. The Occupy Wall Street movement has already made the concentration of wealth at the top of this society a central issue in American politics. Now, it promises to do something similar when it comes to the realities of poverty in this country. By making Wall Street its symbolic target, and branding itself as a movement of the OCCUPY WALL STREET

99%, OWS has redirected public attention to the issue of extreme inequality, which it has recast as, essentially, a moral problem. Only a short time ago, the “morals” issue in politics meant the propriety of sexual preferences, reproductive behavior, or the personal behavior of presidents. Economic policy, including tax cuts for the rich, subsidies and government protection for insurance and pharmaceutical companies, and financial deregulation, was shrouded in clouds of propaganda or simply considered too complex for ordinary Americans to grasp. (Piven, 2011) 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. Utilitarianism is defined by Merriam-Webster as the Ethical principle according to which an action is right if it tends to maximize happiness, not only that of the agent, but also of everyone affected. Thus, utilitarian’s focus on the consequences of an act rather than on its intrinsic nature or the motives of the agent. Kantianism is defined by Merriam-Webster as the System of critical philosophy created by Immanuel Kant and the philosophies...

References: (cont.)
Moore, K. (2011, November 01). Occupy wall street’s moral ground. Retrieved February 3,
2013, from http://www.yesmagazine.org/people-power/occupy-wall-streets-moral-ground
Piven, F. F. (2011, November 07). Occupy Wall Street and the Politics of Financial Morality . Retrieved February 3, 2013, from zspace: http://www.zcommunications.org/occupy-wall-street-and-the-politics-of-financial-morality-by-frances-fox-piven
Watson, T. (2012, September 17). Occupy wall street 's year: Three outcomes for the history
books. Retrieved February 3, 2013, from http://www.forbes.com/sites/tomwatson/2012/09/17/occupy-wall-streets-year/
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