Occupy Wall Street Movement

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Occupy Wall Street Movement Business Ethics 309 Discuss the moral and economic implications involved in the movement. September 17, 2011 is the day the Occupy Wall Street (OWS) movement began in Zuccotti Park, located in New York City. The main issues include social and economic inequality, greed, corruption and the undue influence of corporations on government according to The New York Times. The mix of moral foundations based on ideas from the anthropologist Richard Shweder, outline six clusters of moral concern - care, fairness, liberty, loyalty, authority, or sanctity. OWS main moral issues include: fairness, care, and liberty. Fairness – the rich (the “1” percent) got rich by taking without giving. OWS protesters viewed the…show more content…
According to the CIA’s World Fact Book, the United States now ranks 39th in the world when it comes to income inequality. What that means is that only 38 percent out of 136 countries have less equitable distribution of income than the U.S. The financial gap has been widening. Income inequality measures may or may not have certain desirable properties such as Scale invariance: inequality is invariant to proportional increases or decreases in Everyone’s income (Allison, 1987).The protesters in the Occupy Wall Street movement have made a point. There is an unfair division of wealth in North America and other industrialized nations around the world. The very rich continue to accumulate wealth while the poor only seem to become more poverty-stricken as time passes. The OWS highlighted an underlying issue – the gap between rich and poor – income inequality. I believe the government has some responsibility for the income inequality and wealth distribution in the U.S. Government is deeply involved in the health care and education systems. It is very deeply involved in the housing sector. It’s very deeply involved in finance. So changing government policies have to be part of the solution to any of these things. Income inequality has been increasing due to changing demographic characteristics of the U.S. population. The U.S. population is aged and there are significant increases
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