Bus 309OCCUPY WALL STREET MOVEMENT
BUSINESS ETHICS 309
Occupy Wall Street: Movement
Occupy Wall Street (OWS) is the name given to a protest movement that began on September 17, 2011 in Zuccotti Park, located in New York City's Wall Street financial district. It was a movement that was perceived to make a change to the economic, commercial and the public sector. This movement was called upon to resolve the issues that were pending within the government mainly said the issues raised by Occupy Wall Street are social and economic inequality, greed, corruption and the perceived undue influence of corporations on government particularly from the financial services sector. The slogan for Occupy Wall Street was “we are the 99%”. This term relates to inequality and unfair distribution of the economic wealth. OWS's goals included a reduction in the influence of corporations on politics and a more balanced distribution of income, they wanted more and better jobs, bank reforms, they wanted the government to forgive the student loan debt and or other relief for indebted students and that they also wanted an alleviation of the foreclosure situation.
Protestors marched up Wall Street towards the New York Stock Exchange on November 2011. Early on the protesters were mostly young, partly because of the social networks through which they promoted the protests that were primarily used by young people. As the protest grew, older protesters also became involved. Various religious faiths had been represented at the protest including Muslims, Jews, and Christians. According to a survey of occupywallst.org website visitors by the Baruch College School of Public Affairs published on October 19 It stated that out of 1,619 web respondents, one-third were older than 35, half were employed full-time, 13% were unemployed and 13% earned over $75,000. Democrat, Republican or Independent/Other were at 27.3% of the respondent, the rest called themselves Democrats, and 2.4% called...