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Occupy Wall Street Movement - Research Paper Example

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Occupy Wall Street movement Name: Instructor: Task: Date: Occupy Wall Street movement Introduction Income disparities have heightened with economic recession and unequal wealth allocation globally. These factors undermine the livelihoods of a mainstream of the world’s populace…
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Download file to see previous pages The movement is stimulated by the recent successful uprisings in Egypt, Tunisia and Syria. Their goal is to confront the status quo in the government and the wealthy people who control most of the world’s resources. Their dominance creates an iniquitous global economy that disfavors the majority who are unable to compete effectively within the capitalist system. They aim at confronting greed, corruption and dominance by the business elites and politicians and creating accommodative redress to all persons (Vag, 2011). “Moral and economic implications involved in the movement” The OWS believe that a minority 1% of the world’s population controls the majority of meaningful resources. Their slogan, “we are the 99%” is based on socio-economic statistics for the year 2011. They argue that the 99% in the society is left to survive on very little that compromises their sustainable living. This movement shuns such dominance. They assert that it is instigated by insatiability, egotism and corruption. They petition authorities and decision makers to review their policies and redress these economic disparities between the 99% and the 1% (Vag, 2011). The OWS movement is fundamentally an awakening caveat to the people that concentrate the world’s wealth, power and control in their hands at the loss of the society. The movement appeals to the moral reasoning behind utilitarianism. Majority of the world lives in unemployment, poverty and homelessness while another group enjoys luxury, space, wealth and power (Vag, 2011). Therefore, a majority group has a bleak future with an diminishing ability to determine their destiny. The historical and economic implications to these inequalities have resulted to perceived economic injustices. The OWS aims at prompting the decision makers to review these principals consciously and address livelihood variability’s among populations. “The implications identified against the utilitarian, Kantian and virtue ethics to apply which theory best applies to the movement position”. The OWS aimed at confronting the corporate dominance in democracy and lack of legal actions to the perpetrators of the global economic crises. The utilitarian principle asserts that the ultimate socio-political and socio-economic achieves collective economic success. This system is not informed by moral merit and virtue. Nonetheless, it is expected to achieve the expected consequences of addressing socio-economic inequalities (White, 2006). The OWS bargains against these grounds to identify a cohesive ground for addressing social inequalities. The Kantian theory emphasizes on equality among all persons. It is perceived as a viable option to utilitarianism (White, 2006). Utilitarian theory overlooks the moral significance of moral virtues that inform minority issues and human rights. The utilitarian principles do not accord intrinsic values to human beings. The goal is to capitalize on individual rather than society benefits. The Kant theory concentrates on the most applicable channel to address issues. The theory that best compliments the OWS is the Kantian movement (Vag, 2011). The OWS is specifically is specifically interested in collective benefits and embodies a distinct shift in ethical dimensions. “Who is responsible for income inequality and wealth distribution in the US, Explain Rationale?” ...Download file to see next pagesRead More
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