Occupy Wall Street - Research Paper Example

Literature Occupy Wall Street Occupy Wall Street is a movement that evolved in the year when the majority poor in New York rose up against the dominance of the rich. They identify themselves as the minority 99% who suffer from the exploitation of the 1% rich who control the economy of the country (Bellows 53). The movement started by absconding taxes in what they termed as new move to prevent the government’s ability to participate in the oppression of the poor. They felt that despite their loyalties to pay government tax, the government used the money to develop oppressive laws that contributed to lack unemployment, corruption and rise in the poverty levels in the country.

This movement has attracted a lot of attention from various analysts, providing different perspectives of this movement. The main aim of the movement was to communicate to the government that the public required to be more accountable and more sensitive to the plight of the majority poor. They argued that the government overtaxed the public, only to use this money to abuse the rights of the people. To the leaders, the movement was a manifestation of the great economic crisis that came as a result of the world global recession (White Para. 3). The rate of employment declined and the poverty levels went higher.

President Barack Obama stated that this was show of the suffering of the public after the world economics declined affecting many citizens in the US (Kim 17-25). On the other hand, there was a different reaction from the high economic class. They felt that this was an unreasonable protest against the rich that meant to compel the government to force laws that could restrict their investment plans (Easton 24). Economic analysts such as John Stewart stated that the protests was a result of the failure of the people who were supposed to fix the national financial system.

The implication of this statement is that the government’s political strategies had failed to sustain financial equilibrium, hence leading to rise in financial inequality and poverty levels. For the middle and poor class, the movement was a war for the rights of the public, raising the attention of the government to the real problems of the society. The critics of the Occupy Wall Street Movement perceive this as a move to support capitalism. McDonald (1) states that what the people required was capitalistic accountability.

The department of the Homeland security perceived this movement as the public intention to paralyze economic development. The department of Homeland Security stopped the movement by arguing that this would paralyze transport and communication, which is part of the government’s initiative to develop the public (Rothschild Para. 1-13). The implication of this is that the protest was the cause for rise in the poverty level within the community. While this may seem to be logical, it seems to be an ignorance of the problem of the people.

Although there seems to be a great controversy over the issue, it is clear that the movement received a lot of support from different social classes, economic analysts as well as part of the political leaders. Works CitedBellows, Abigail. "Mind The Gap." Kennedy School Review 12.(2012): 53-57. Academic Search Premier. Web. 9 June 2014.Easton, Nina. "Stop Beating Up The Rich." Fortune 166.5 (2012): 114-119. Business Source Complete. Web. 9 June 2014.Kim, Richard. "The Audacity Of Occupy Wall Street.

" Nation 293.21 (2011): 15-21. Academic Search Premier. Web. 9 June 2014.Macdonald, Chris. "The Occupy Movement, Two Years Later: Chris Macdonald." Canadian Business (2013): 1. Business Source Complete. Web. 9 June 2014.Rothschild, Matthew. "Spying on Occupy activists: how cops and Homeland Security help Wall Street." The Progressive 2013: 20. Opposing Viewpoints in Context. Web. 9 June 2014.White, Micah. Occupy the Wall Street. 2013. Accessed from :< http://occupywallst.org> [Accessed on 9th June, 2014]