Menu

Occupy Wall Street Moral and Economic Implications

0 Comment

The movement was founded with the intention of bringing to light some of the issues, which face the modern-day human beings (Walsh, 2011). These are majorly economic conditions, which are exhibited in a society, which is largely capitalistic in nature (Boxer, 2011). It is perceived that the Occupy Wall Street Movement is one, which is of North American descent. However, this is not the case. This movement is one, which has gained popularity to an extent that its presence is now felt in close to 82 countries in the world (Townsend, et al, 2011). In the recent past, income inequality has been seen to increase. This is majorly due to the experiences associated with stagnated economies and the unequal distribution of wealth. In this case, these impediments significantly undermine the developmental agendas, which some people in the society indeed have. In the 1990s up to the 2000s, there were significant economic inequalities in the United States. However, these issues were rarely discussed or brought to the attention of policymakers (Gelder, 2011). This was until the inception of the Occupy Wall Street Movement. …This is with the intention of alleviating the living conditions of some of the individuals in the country (Gitlin, 2012). This is especially in the case of low-income earners. The movement also aims at bringing relief to those students who suffer from huge amounts of debts that are related to their student loans. These are some of the goals, which this movement aimed at achieving after its inception. There are various ethical considerations which come into perspective for the purpose of supporting the actions of the Occupy Wall Street movement. It is very important to examine each of these and see how they come into play in relation to the activities that are associated with the movement. The first ethical implication, in this case, is in relation to utilitarian ethics. In this type of ethics, it is highlighted that the best and most appropriate course of action is the one, which will bring happiness on the part of the individuals who are taking this particular course of action. In the application of this type of ethics, the true moral worth is the case of an action taken is prescribed by its outcome. The main focus is on the outcome which will come to be realized. However, there is a significant debate with regards to the true consequences of the actions which people will take (Mannion, 2003). In its relation to the happenings associated with the Occupy Wall Street Movement, there is a semblance of happiness and self-gratification on realizing that some of the concerns that were aired out through the movement have come to hit the right ear. This is especially in relation to the case of the increased rate of income inequality in the United States over recent years (Valdes, 2011).