Occupy wall street movement Essay Example | Topics and Well Written Essays - 1500 words

Occupy wall street drift - judge ExampleThe sentiment becomes contagious and spreads to all countries of the world. 1. What are the Moral and sparing implications involved in the movement? Moral implications of the movement reflect in recklessness on the part of few powerful corporations as in the case of Enron or powerful industry like monetary services as in the case of subprime crisis which has not only affected various stakeholders and the nation, but destroyed the fabric of the body. The governments policies in dealing with the crises shoot been in favour of the corporations at the cost of the park man. Pittman (2008) states that Without the government money, Goldman, Merrill lynch & Co.,Morgan Stanley, Deutsche Bank AG and other firms could have become some of the biggest creditors in a bankruptcy register by AIG, the worlds largest insurer, because of its billions in losses onsubprime bondsand corporate debt. Disintegration of the system over a finale of time is the r oot cause of various economic and social issues which led to the uprising of this movement. The decay in the system erodes the values of democracy and demoralizes our capitalist society. The renaissance in thinking which directs the basis for the movement indicates the unearthly strength of the society and the nation which calls for a change. Economic development in a country is achievable and sustainable only in a healthy society with equality in opportunities. Moral and economic implications are inseparable. Tax cuts to the rich corporate companies in the build of encouraging industrial development, and subsidies in the name of social welfare to protect insurance companies and financial deregulation measures in the garb of liberalization, hitherto bypast unnoticed by the public or misinterpreted in press to the benefit of big corporate entities have been brought under public debate. This has given rise to the questions related to issues such as morality of the corporations a nd relevance of the capitalism. rapacity of the companies, for example pharmaceutical companies and the patent laws which protect them in their exploitation of the general public has become the common subject for public discussion. The dilemma of common men in prioritizing their resources even between rent and nutriment under inflationary conditions led them to unite under We are the 99% that reflects the economic inequality and deprivation of distribution of wealth. It is now believed that increase in wealth of 1% can be equated to the losses of the rest. Since border Street symbolizes the economic power of 1%, it lends focus to the agitations. Poverty has become the single most economic issue to be tackled by the nation, and obviously, this responsibility cannot be left to the 1%, going by the experience. The proficient innovations in the field of software development and telecommunication though increased the complexities in the manipulation of the system by the corporations on the one hand the same developments and rise of social networks have opened forward-looking opportunities and avenues for cohesiveness in the society and its self-realization. 2. How can we theoretically analyze the implications? According to utilitarian theory, good actions form the basis for overall happiness. The underlying cause of actions in the case of subprime crisis or other major financial scams is greediness on the part of the corporate companie