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Robert answered on
Dec 20 2021
Occupy Wall Street 1
Moral and Economic Implications of Occupy Wall Street Movement
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Occupy Wall Street 2
Occupy Wall Street: An Introduction
Occupy Wall Street (OWS) is the movement that has loose coalition of the ongoing
peaceful movements or protest happening in the cities across United States. This movement
egan through demonstration in the streets’ of New York financial districts. The major
objective of the protest was issues related to economic justice, co
uption within the financial
system, the way government is handling global financial crisis, role of the corporate money in
U.S. political system, and wealth disparity.
This movement is regarded as self identified, leaderless movement showing their
protest but this movement lacked the official sets of the demands and gained support from the
participants who likes to
ing attention towards social, political, environmental, and
economic issues.
Moral and Economic Implication of the Movement
According to this movement, it is unethical and unfair to destroy world and to destroy
the health as well as the hopes of others. The OWS movement has resulted in several moral
and economic implications. An economic system is the system which forces the majority of
people to face the impact of the recklessness of some powerful profiteers, for assuming the
urden of the other’s privilege and also to pay real cost of the destructive industries within
the cu
ency of the health as well as hope of the children which is so immoral or unethical.
Therefore, every person whether to what extent they are rich as well as every system has the
esponsibility towards having honor affirmation obligation for the justice as well as
compassion for well-being of both present and future generations. However, the economic
impact of the movement is difficult to know in terms that how the movement has affected the
local business or have affected the revenue from the trade. But the cost that is incu
ed by the
Occupy Wall Street 3
police was readily available in terms of the cost that was incu
ed on patrolling, clearing
protestors, etc. For instance, the taxpayers have to pay at least $13 million for the police
overtime and for other municipal taxes (Francis, 2011).
On political side, this protest has very minimal impact on the political front as no
political party came forward to align themselves with this movement. But the politicians
elieve that this movement will have impact on the presidential election in the year 2012.
Moreover, the moral implication of the OWS can be studied on the basis of ethical
theories. Ethics is refe
ed to the application of ethics i.e. moral behavior. It can also be said
that ethics is related to person’s own value and judgments about what is right and what is
wrong. In other words, it is also defined as study of individual’s collective moral awareness,
judgments character and conduct. The most popular ethical theory includes utilitarian,
Kantian and Virtue approach to ethics.
According to utilitarianism approach to ethics, the judgment about the act or behavior
is ethical or not is based on the fact that the act must foster maximum good to maximum
numbers of stakeholders including customers, self-interest, and general public.
Further, the deontological or Kantian approach in business ethics states that a
particular action is judge as unethical or ethical based on the inherent rights of an individual
as well as the...