Preview

The Occupy Wall Street Movement

Powerful Essays
Open Document
Open Document
1601 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Occupy Wall Street Movement
Occupy Wall Street * What is Occupy Wall Street?
Occupy Wall Street is a people-powered movement that began on September 17, 2011 in Liberty Square in Manhattan’s Financial District, and has spread to over 100 cities in the United States and actions in over 1,500 cities globally. #ows is fighting back against the corrosive power of major banks and multinational corporations over the democratic process, and the role of Wall Street in creating an economic collapse that has caused the greatest recession in generations. The movement is inspired by popular uprisings in Egypt and Tunisia, and aims to fight back against the richest 1% of people that are writing the rules of an unfair global economy that is foreclosing on our future. * We
…show more content…

It was originally the name of a Tumblr blog page launched in late August 2011 by a 28-year-old New York activist going by the name of "Chris". It is a variation on the phrase "We The 99%" from an August 2011 flyer for the NYC General Assembly. The phrase indirectly refers to the concentration of income and wealth among the top earning 1%, and reflects a belief that the "99%" are paying the price for the mistakes of a tiny minority. The phrase was picked up as a unifying slogan by the Occupy movement. * The reason of occupy movement…
Income inequality has increased over the last three decades with economic stagnation and unequal distribution of the wealth undermining some goals of working people. It is a focal point of the Occupy Wall Street protests. During the 1990s, economists began to release studies which showed the increasing income inequality in the United States, but was little-discussed until the cause was championed up by the OWS movement. OWS protests were particularly concerned with income inequality in America, in addition to corporate greed and the corrosive power of major banks and multinational corporations. * What is their
…show more content…

One OWS group that favored specific demands created a document entitled “the 99 Percent Declaration”, but this was regarded as an attempt to "co-opt" the "Occupy" name, and the document and group were rejected by the General Assemblies of Occupy Wall Street and Occupy Philadelphia. However others, such as those who issued the Liberty Square Blueprint, are opposed to setting demands, saying they would limit the movement by implying conditions and limiting the duration of the movement. David Graeber, an OWS participant, has also criticized the idea that the movement must have clearly defined demands, arguing that it would be a counterproductive legitimization of the very power structures the movement seeks to

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Public Services Unit 1 P5

    • 343 Words
    • 2 Pages

    A form of protest which people will occupy a place and then refusing to leave until their demands are met.…

    • 343 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Occupy Movement, created in 2011 and is in full motion today, is an economic inequality and social protest worldwide. This march is one of the only marches to come after Coxey's that is specified as being an economic inequality march. Without the success of Coxey's army, some of these marches would not have happened, due to the underlying fear and frustration people had in the government at that…

    • 554 Words
    • 3 Pages
    Good Essays
  • Better Essays

    A recent study done by Marco Cagetti of the Chicago Fed, illustrates that among members of the Organization For Economic Co-operation and Development, otherwise known as the OECD, the United States holds the most uneven distribution of income and wealth. A disproportionate spread of wealth is an issue citizens of the United States understand very well as this issue has made headlines and gained notoriety recently with the Occupy Wall Street movement. A certain economist, Joseph Reich, discusses the causes and effects of this uneven distribution of wealth in America as early as 1991 in his essay “Why the Rich are Getting Richer and the Poor, Poorer.” Reich’s essay was not only relevant when written over a decade ago, but also remains pertinent to the current economic status of America today. To portray the relationship between the rich as they continued to gain wealth and the poor as they continue to decline economically, Reich utilizes a metaphor of three different boats rising and sinking with the tide.…

    • 1475 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    The definition of a protest is a statement or an action that expresses disapproval or objection of something. Of the three that we went over in class; Socrates, Dr. Martin Luther King Jr., and Malcolm X, the one whose position is the most effective in protesting and showing that he does not approve of the current way of living, is Malcolm X. Malcolm X has a no nonsense attitude about what to do with an unjust law or situation. He uses the “any means necessary” approach to the situation where he believes that you not only can, but also must do anything and everything you can possibly do to get what you need as opposed to the other means of protesting from Socrates, persuasion, and Dr. King, non-violent direct action. The views from each of these…

    • 1978 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    This protest happened in September 2011 and it began because of the 2008 financial crisis, which prevented banks from bailing people out, caused the failure of many key businesses like New Century Financial, and dropped the stock markets world wide. This protest was formed in order to bring awareness to how little the United States Government cared about the 99 percent of the American population. These people were losing their homes, their jobs, and their insurances while the executives continued to receive “exorbitant bonuses.” (224) During this time the government and businesses would tell their employees that they were loosing their health care because they hired more employees and they didn’t have enough money to give everyone a paycheck and health care. The Workingmen’s Party and Occupy Wall Street happened over 200 years apart, yet they still face the same problems. The labors are working for corporations that do not pay their workers…

    • 1254 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    world.” Revolution by the Beatles spoke to an entire world audience in 1968; an American…

    • 1585 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Like most movements related to culture in the U.S, BLM's demands keep changing as it continues to grow. They so far have been divers and various. Its celebrated supporter, Oprah Winfrey, even criticized the movement for failing to issue major demands. Initially, they intended to bring more attention to cases in which black people were brutally abused. It is popularly believed that the direct demand of Black Lives Matter has been justice for people of color who had been killed by police officers and an end to police violence in black communities. Hundreds of people have pulled in this simple idea, causing a marked shift in the political and public consciousness regarding racial inequality in the country. BLM protesters have demonstrated on the streets of…

    • 523 Words
    • 3 Pages
    Good Essays
  • Good Essays

    “The Movement is about one thing - complete liberty. We aim to fully empower each and…

    • 1180 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    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…

    • 2019 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Brutality And Violence

    • 426 Words
    • 2 Pages

    It is subjective. A riot is de$ned as a violent disturbance of the peace by a…

    • 426 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    After watching the movie Inequality for All the income inequality is widening. There's no simple answer. Globalization has created "superstars" and concentrated pay among corporate executives, Wall Street traders, popular entertainers and another financial elite. At the same time, factory workers now compete with 3 billion people in China, India, eastern Europe and elsewhere who weren't working for multinational corporations 20 years ago. Many now make products for Apple, Intel, General Motors and others at low wages. This has depressed middle-class pay. And pay has risen much faster for college graduates than for high-school graduates. These trends have contributed to a "hollowed out" labor market, with more jobs at the higher and lower ends…

    • 1068 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Occupy Wall Street

    • 2201 Words
    • 9 Pages

    “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” (“OccupyWallStreet”).The Occupy Wall Street protests were started by one simple email. A magazine called Adbusters sent an email to its 90,000 member list with the hashtag #OccupyWallStreet and a date of September 17. News of the protest could be found on websites and a twitter member named US Day of Rage started endorsing it and promoting it. Their “belief” as you may call it, was to take the United States back to a “nonhierarchical, egalitarian, consensus-driven process-the purest kind of democracy” (Schneider, 2011). The most significant part of this movement was that it was a contradiction of everything Wall Street represents to America-a hold of US politics and society by the interest of the wealthy, a government for the corporations. Initially there was the thought that a single demand would be good enough for the movement and that the occupation would be able to put enough pressure on the government and the people that this one important single demand would be changed. However, the movement could never agree on that one single demand, there were just too many changes that needed to be made. After weeks of meetings, September 17th arrived. The Occupy was hoping for a crowd of 20,000 but the numbers were closer to 2,000. A plan was made to meet at Zuccotti Park and everyone trickled that way (Schneider, 2011). And so it began….…

    • 2201 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    Income Inequality In America

    • 2588 Words
    • 11 Pages

    To begin with, one of the main reasons that income inequality is an issue within American society today is the way that the issue is perceived by the media and the government. This issue can be separated into two separate discussions: one on the way that the government (liberals, conservatives...etc.) views the issue, and how the media looks at both the issue and what politicians say about it. As a way of starting the argument, let us talk about the government and political views on income inequality (there are lots of them).…

    • 2588 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Over a 9-year period between 1989 and 1998, “[...] the proportion of net worth owned by the top 1 percent [...] rose from 30 percent to more than 34 percent [while...] those in the bottom 90 percent declined from 33 percent to just over 30 percent” (Ciment). Wealth is gradually shifting towards the few and affluent at the expense of the numerous poor due to the increased power of corporations and the rich. The rich and their corporations are able to influence the way money circulates, allowing more money to be diverted to them from the lower and middle classes. This creates the basis as to why the rich continue accumulating wealth while the rest of the populace loses it. Additionally, the rich earn money faster than everyone else, giving them an advantage after recessions.“93 per cent of the income gains in the first official year of economic recovery went to the top one per cent [in terms of wealth] in the US” (Jones). Despite the recent economic gains, most of the population is not benefited by them, with the rich having the largest gains. The poor and middle classes’ incomes remain stagnant or even decrease, highlighting the great disparity between the rich and everyone else. When economic gains are made, money only goes to certain groups, leaving others the same or worse…

    • 1142 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Income inequality is a real and major issue in the real world today. We see in Gatsby when Nick accompanies Tom through the “Valley of Ashes” how run down the area is. The Valley of Ashes is a true representation about Income Inequality, while reading we go from the beautiful and sunny side of West Egg to the run down dark and disgusting Valley of Ashes. Clearly East and West Egg are where people that have the money and the Valley is where people are deprived. Income Inequality is portrayed in Gatsby, as well as everyday life! People all around this great country are divided based on how much money they make. When you drive through Manhattan in the…

    • 468 Words
    • 2 Pages
    Good Essays

Related Topics