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Wall Street:Philosophical Assessment - Coursework Example

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Wall Street:Philosophical Assessment

Delving into a more specific detail, the Occupy Wall Street Movement points out the severe poverty being experienced in the world brought upon by the economic imbalance and instability propagated by globalization. The main issue showcased by the movement is poverty that has been a long-term problem that existed since man assumed control world. In assessing on a philosophical level, there is a need to identify the key players of the issue and the roles that they take. These are the: ruling global economic elite, the masses and the government. First to assess are the global economic elites. These are the ones who control the economy, dictate the order of things and have all the means to utilize the resources crucial for the survival of humankind. Singer, according to his text, numbers does not matter when it comes to dealing with the problem (233). Poverty, in this case, is not only a problem that is faced by the majority of the people or the masses because the global elites, in this case, are able to overcome poverty through their own efforts. Being individuals, they are after their own personal interest since the human condition has shown capacities of doing highly utilitarian act and they are after personal satisfaction (Singer 238). There is an implication that they do not want to be in poverty anymore because it only brings misery on them. This manner of thinking paves way to utilitarianism. Inherently, there is nothing wrong in maximizing things that will contribute happiness since almost all humans are after achieving happiness. However, what seem to be wrong with this condition is that the efforts of the global elites to achieve personal prestige exploits other people and puts them in a dire situation. When incorporating the global and economic aspect of the matter, there is already an implication that the ruling elite are after safeguarding their power and command the world in the way how they want it to be since they have all the means to gain control even if their rule already displaced people from their homes, triggered starvation and induced death. This phenomenon now questions the validity of utilitarianism as an excuse for the occurrence of such. The need to utilize is inherent in humans. However, utilitarianism in this case is abused which disvalued its significance to human condition. This shows as well that utilitarianism must be done in moderation yet the greed brought upon by extremely materialist nature of the ruling elite triggered disappointments on the part of the majority. In dealing with the masses, the other key player in the issue, it cannot be denied that there is a strong link between the wrong attitudes of the ruling elite with the rage of the masses. The question that must be answered is what triggered the desire to have movement or a protest? In this case, it is the individual who had experienced the harsh brought upon by the situation perpetrated by the ruling elite’s interest to maintain power. In contrast with the assertion of Singer that people are not doing a course of action to address the situation, people in the Occupy Wall Street Movement felt an urgency to make their lamentations heard (231). This can be consider a moral act since they have done something to show pressure toward the U.S. government and the Wall Street that controls almost the major economic activities ...Show more

Summary

Name Name of Professor Subject Date Wall Street: A Philosophical Assessment In reviewing the turn of events in the world political, economic and social arena, one of the events that seem to be a hit that triggered intense debates on the academe, questioned the reputation of the global order and stirred popularity in different countries is the Occupy Wall Street Movement…
Author : breannamcglynn
Wall Street:Philosophical Assessment essay example
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