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Occupy Wall Street Movement

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Occupy Wall Street Movement

If heavy student loan debt , soaring tuition fee, climbing taxes, plummeting financial aid, nose-diving employment opportunities, exacerbating inequality between common people and wealthy class, are some of the issues that infuriate you and lead you to blame government’s generous bailing out failed banks and other financial institutions then you cannot not know about Occupy Wall Street(OWS) movement.

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Occupy Wall Street is one of the top 10 US protest movements inspired by popular revolts against authority in Egypt and Tunisia which finally led to toppling of their respective presidents. It began on 17th September 2011 in liberty square in Manhattan’s Financial District (occypywallst.org). As per Special news in Times Of India, OWS was initiated by Canadian Activist group, Adbusters. So far, this movement has spread over across 1500 cities globally and around 100 cities in US. According to Drake Benett, David Graeber is an anthropologist, who played a key role in transforming a small rally into global protest movement, this movement is in response to the common people’s frustrations and resentments with two important issues. The first issue is the influence of the corporates on government decision making system. The second issue is the way government treated debt issues of financial industry as opposed to individual borrowers as a consequence of financial crisis in 2008.(Benett,”David Graeber-the Anti Leader of Occupy Wall Street, Oct,20011) According to the protesters, current dismal economic situation is a result of government bailing out the insolvent brokerage firms, banks and corporation in 2008.

OWS has adopted the slogan; we are 99%. Paul...

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...e a leader who is sensitive to issues and sensible enough to direct the movement to achieving its targeted goals and making us realize the dream of living in the utopian world!

Works Cited

Bennet, Drake. “David Graeber-The Anti-Leader Occupy Wall Street.” Business week. Bloomberg L.P, 26 Oct. 2011. Web. 19 Apr. 2012.

Brenac, Sacha. “The Failures of Occupy Wall Street.” The Bullet. The Bullet, 25 Jan. 2012. Web. 19 Apr. 2012.

Gray, Heather. “Occupy Wall Street vs Kingian Methods.” Positive Peace Warrior Network. N.p., 4 Oct. 2011. Web. 19 Apr. 2012.

Krugman, Paul. “We Are the 99%.” New York Times. The New Yorks Time Co, 24 Nov. 2011. Web. 10 Apr. 2012.

“99% vs 1%.” Times Of India. Bennett, Coleman & Co. Ltd, 1 Jan. 2012. Web. 19 Apr. 2012.

Solomomn, Daniel. “Occupy Wall Street’s Failed Revolution.” PolicyMic. Mic Networks Inc., n.d. Web. 10 Apr. 2012.
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