Essay On Wall Street Movement

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Introduction

Occupy Wall Street Movement was started on 11 September 2011 (Wetty, Bolton, Nayak, & Malone 2012, p.89). The founders were a group of people who demonstrated at the Lower Manhattan Liberty Square and camped on the naked concrete to present their complaints on the irregular pattern between the poor and the rich. This and the failure of president Obama to address the financial crisis of 2008, and the issue of money taking over politics was their frame of reference. The movement is power-driven by people with no defined and official set of stipulations which got stimulations and awakening from similar movements in Egypt and Tunisia (Wetty et al 2012, p. 114). Occupy Wall Street movement was a movement with no anticipated upshots and no identified basement. It operates on similar environment like other organizations trying to establish. Despite its lack of manifesto, occupy street movement attracted scholarly personalities and then real personalities. The commitments of the movement are to; make technology, knowledge and culture free to all to access, transform and share out.

Moral and Economic Implications of the Occupy Wall Street

Many other movements in the world have had their own moral and economic implications in real life, and so is Occupy Wall Street Movement. On survey, embarking on remonstrations is just like going to ballot boxes, that the probability of making a change with voices of protesters are similar to those of going to elections. Those who do this are not out of the rationale of egotism but rather the expression of ethical zeal and distinctiveness. The fruits may either be sweet or bitter. The moral mix associated with Occupy Wall Street movement has a long list but just to consider a few we look at the following moral and economic implications of the movement.

The movement started because of discontent occasioned by inequality in the American society. It is out of common sense that human beings want some fairness from their leaders. They definitely despise those who cheat, slack and exploit others (Wetty et al 2012, p. 142). This is actually what the Occupy Wall Street protesters were after; they wanted to deliver the message on the ever increasing gap between the poor and the rich (McEachern 2011, p. 109). The top in leadership had cheated and exploited those below them to get to their positions, without minding about the proportionality share of the down trampled contributions. Moreover, the protesters were very much minded about their care by those concerned. Their march was to liberalize on the issue of care.

Another moral concern was based on liberty versus repression of the masses. Occupy Wall Street Movement felt so much concerned about vices like oppression, which were contrary to the real meaning of liberty. The real picture and meaning of their movement was to overdo the ill practices of the oppressors whom they believed occupied 1% and take over as the oppressed who were the majority (Wetty eat al 2012). With solidarity, the movement aimed at wiping out borders between group and people, come up with synchronization and not rivalry. Their effort was to create a strong tie between the 99% to the disadvantage of the other percentage (Byrne 2012, p. 156).

Liberators tend to be suspicious about power, hence the reason as to why the protesters did not seem follow any order in presenting their grievances. They were rather focused at seeing change. Liberals need not to fear when they want to make change, since it is not only for their common good but even for those to come. in addition, OWS had the theme of responding to the perception of dishonest, breaking the law and voracity of most monetary institutions (Wetty et al 2012). Despite the feeling of observers that the movement had no defined set of they wanted, there message was simple; dominance of huge businesses, which according to them was acquired via dubious means which has left a strong mark of the exploited and poor victims in its arouse.

Occupy wall street had its economic implications just from the fact that those who participated in the movement had some direct link with the economic predicaments, and that most of them were high school and college graduates who claimed not to receive any economic support ((McEachern 2011, p. 111). To start with, the country was under economic downturn, so with the movement more police were deployed to disperse them, which saw an additional cost to the state. On other hand the movement saw the Bank of America together with banking institutions make the decision of scraping extra fees for using debit cards, among the awareness by banks not to make foreclosures. The economic imbalance saw President Barack Obama come up with lowest tax rates for citizens whose earnings were more one million sterling pounds per annum in support of the demonstrators demand to impose higher taxes to the affluent group (Graeber 2012, p. 55). The group was also after fighting down corruption, which was associated with cheating by the wealth group. This social imbalance is actually, which made the group get spurred to the level of forming their movement.

Utilitarian and Kantian approach to the OWS Movement

Utilitarian’s perception is at punishment, in this case the best of the best for the majority because of the point that morally upright deeds yield the best. However, socialists like Emile Durkheim perceived utilitarian theories as mare literature, though to our social construction, there is no way individual can be left to making lucid conclusions (Thompson 2002, p. 202). Occupy Wall Street saw real greed in the billions of money was being moved by the rich, the post security, and the financial predicament in the country. Good character in any business field is being integral, honest and loyal among the many in the list. Such characters are obtained and developed all over in someone’s life (Graeber 2012, p. 62).
Immanuel Kant was categorical in his description of a country as a despotic in the sense that it acted like a mere machine. To Kant, a state was governed by an absolute figure that controlled the minds of the majority for selfish ends. The goals of the government and the governed according to Kant were dissimilar (Irwin 2002, p. 77). The goals of the leaders or the minority one percent and the 99% as shown by the movement closely match Kant’s exposure of moral rot in societies (McEachern 2011, p. 121). Therefore, his philosophy can be said to be well played by the Occupy Wall Street scenario.

Causes of Inequality in America

The cases of inequality in America should be of concern to many people. It would have been expected that the country were to show a lead to addressing the challenges of inequality to other countries. However, it seems that the causes of inequality are virtually the same in most countries. In America, the government itself is to blame for perpetuating policies that favor the rich. There are many laws and regulations that have been enacted by the American government over the years, and which have been the root cause of the glaring inequalities in the American society even today. For instance, the Jim Crow Laws perpetuated discrimination against people of color (Nikki, Brown & Stentiford 2008, p. 211). The laws forbid any contact between black and the white. In addition, marriage between the two races was outlawed. Such laws often put certain communities at a disadvantage when it came to social and economic emancipation. The divide brought about by such laws has not been possible to overcome. Indeed, the rich have become richer, while the poor have continued to become poorer. For instance, the wealthy are not detracted by payroll taxes on their income. When the average person pays taxes upfront on their income, the rich get their income taxes years later or even decades. Nothing is paid in terms of interest on these late payments which are executed through byzantine escapades.

Equitable Outcomes

A capitalistic state prides itself in several freedoms that are available to its citizens. One such right is the freedom of expression with which the movement has relied upon to present its demands. By using the freedom of expression, OWS has brought to the fore relatable issues bedeviling the American society. Of essence is keeping vigilance on malpractices and questioning the few who seen to control the masses. OWS concern over the 1% tilting the scales to their favor is reminiscence of democratic ideals in capitalistic states. Although the movement might not realize its objectives, it is possible that they have laid a foundation for more changes in the running of government and corporate affairs.

An interesting note can be made based on the American history of emancipation. From the birth of the nation up to the current state, America has always been a country of freedom, a country that preaches and practices tolerance and shuns oppression. However, it might be a turn for the worse for the country’s democratic ideals if it were to shun its eyes on such malpractices as advocated by OWS. The issues raised by this group are pertinent and go to the root of the American ideals. Of great concern would be whether capitalism can be the reason for oppression. Indeed, the interrogation of this aspect could provide a solution to the current stalemate.

The Future of the Movement

Occupy Wall Street gained a lot of attention during its early days. The media was apt to catch up with the demands of the protesters. However, as other events started tricking in, less and less information is available on the groups’ activities. Indeed, the media coverage of the protestors has dwindled significantly, putting into question the continued presence of the group. Indeed, it is most probable that OWS will fade would have been a quickly than would have been anticipated. Undeniably, there is revealing evidence towards this conclusion.
The first reason that supports the fading notion of the movement is media coverage on their activities. During the early days of the groups’ protests, the media gave much attention. Everyday, there was some news item concerning the protestors, not only in America, but also in other areas where similar protests were being staged. However, with time, other news items overtook this event. For instance, the protest in Libya and Egypt drew media attention to these events. As a result, OWC was somehow forgotten. Indeed, any mention of the group since then has not been taken seriously. This shows the movement is quickly fading into oblivion.

Another reason why the movement will quickly disappear is that nothing has been achieved so far. For about two years now, OWS cannot lay claim to having achieved anything. It seems their voices are being ignored by all and sundry. The cantankerous situation of OWS could make its adherents becomes disillusioned and give up their demands. It would be naïve to protest for that long with nothing to show. Therefore, the movements could fold up because of its miserable impact on the populations as well as on the government and corporate world.

Another significant point to highlight is based on the movements’ goals. OWS has no clear-cut goals to achieve. It is a lackluster and an amorphous group with no definite direction. Advocating its demand in a whimsical manner is a significant pointer to the movement’s demise. A close look at previous movements can attest to the fact that OWS has no clear mission. Since no effort has been made to rectify the situation, it is highly likely that OWS will soon be forgotten.

References

Brown, N, L. & Stentiford, B. M. 2008. The Jim Crow encyclopedia: greenwood milestones in the African American history. Greenwood Publishing, New York.
Byrne, J. 2012. The occupy handbook. Harvard University Press, New York.
Graeber, D. 2012. Occupy's liberation. Cambridge University Press, London.
Irwin, W. 2002. The matrix and philosophy: welcome to the desert of the real. Carus Publishing Company, New York.
McEachern, A. W. 2011. Economics: A contemporary introduction. Cengage Learning, New York.
Thompson, K. 2002. Emile Durkheim. Routldge New York.
Wetty, E., Bolton,M., Nayak, L. and Malone, C. 2012. Occupying political science: the occupy Wall Street movement from New York to the world. Palgrave MacMillan New York.