ACTVITY-9

.docx

School

Simon Fraser University *

*We aren’t endorsed by this school

Course

104

Subject

Political Science

Date

Dec 6, 2023

Type

docx

Pages

3

Uploaded by MajorEmuPerson387

Report
1. What is going on? The Occupy Wall Street movement was an organisation of protest that sought to highlight political corruption, economic inequality, and wealth imbalance. To bring attention to these issues, participants took over public areas like New York City's Zuccotti Park and held peaceful protests, gatherings, and conversations. 2. Who is in conflict, and why? (Who are the actors) The financial elite, which comprised the richest 1% of the population, and the demonstrators, who are frequently referred to as the "99%," were the main parties involved in the dispute. The financial elite was accused by the 99% of abusing the vast mass of people while reaping disproportionate benefits from the economic system. The goal of the movement was to oppose corporate, financial, and political establishment power and influence. 3. How do the elite maintain power? (And who are they?) The financial elite was able to keep control of major businesses and financial institutions, as well as exercise influence on political processes and the economy. They had the power to enact laws and regulations that supported their objectives and maintained economic inequity. Additionally, the elite had a range of resources, networks, and connections that strengthened their position of authority and influence. 4. What are the socio-historical origins of the conflict? (What led up to this conflict, what contributed to it?) The conflict's socio-historical roots can be seen in decades of rising economic disparity, financial market deregulation, and the power of cash in politics. Public discontent with the economic system was further heightened by the 2008 global
financial crisis, which led to taxpayer-funded bailouts of banks business companies. This helped give rise to the Occupy Wall Street movement. 5. Is this an "American" issue? If this exists in Canada, how so? Even though the Occupy Wall Street movement started in the US, the problems it highlighted—such as economic inequality and political corruption—are not unique to the US. Due to the worldwide nature of income inequality, corporate influence, and government corruption, Canada and other nations have also faced comparable issues. Movements like Occupy Canada, which addressed comparable issues in the Canadian context, formed in Canada in connection with the Occupy Wall Street movement. 6. What is at stake in the conflict? (For whom?) The battle brought to light the significance for both the financial elite and the 99%. The 99% movement sought to address issues of economic injustice, equitable wealth distribution, and more transparent government. It aimed to build a more just society with equal access to resources and opportunities. The movement, on its other hand, questioned the financial elite's vested interest in holding onto their riches and power. 7. What relations of power and resources of power are present in this conflict? Power struggles between the rich and the 99% were a factor in the conflict. The wealth and control of resources by the financial elite gave them economic power, but the 99% attempted to oppose this monopoly of power and promoted a more fair distribution of opportunities and resources. The movement intended to organise people power, demonstrating the power of group effort, and increasing awareness of systemic problems. 8. How do you see this reflected in your lives? Who has power, who does not?
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help