Occupy Wall Street Movement - Essay Example

OCCUPY WALL STREET MOVEMENT ASSIGNMENT REG.NO: Introduction “Occupy Wall Street movement” was started in the UnitedStates of America to protest against the financial and social issues that majority of the people were facing due to the corrupt systems of government. The main financial issue that was addressed is the inequality in the wealth distribution among the people. The movement goes by the slogan “We are the 99%” to represent the majority (Gaviria & Smith).How it originatedThis movement originated from a proposal by an anti-consumerist publication that generally protested against the lack of legal action for those people who were involved in causing inefficiencies in the financial sector, causing the gap between the wealthy and the poor to widen.

It also advocated for democracy to be practiced since it seemed that only 1% was involved in running of affairs of the people. The movement involved a lot of physical protests which began on 17th September 2011, which led to some people being arrested (Gilder, 12).It’s Effect GloballyAt first people were confused about it since they did not understand what it was all about but due to the many protests, people have become more aware of it through the media especially social media. This has led to people being more receptive about it and the so called 99% have one voice of upholding democracy in leadership and trying to bridge the wealthy versus the poor gap in all aspects such as economic, social and ecologically (Gilder, 30).

Theory of OWSOccupy Wall Street movement is like an organization that has many people in it (occupants) who have some kind of unity in terms of speaking with one voice of their frustrations in how their governments rule them and affect their lives greatly. This organization has no particular leader and everyone is virtually a leader. Anybody can join the movement and propose ideas whereby they are given a chance to explain themselves and why they think in that particular way.The idea behind the OWS is that they advocate for democracy hence give everyone a chance to express themselves unlike the 1% that rules them with no consideration of the majority since the minority take themselves in high regard than the people they rule (Gaviria & Smith).

Progress of OWSThe movement was very popular at the beginning and most people wanted to be associated with it as it was a channel of voicing their frustrations to their government and the inequality in the society. However the movement may be slowly fading away due to the challenges that face a virtual organization such as leadership problems and finances to keep it going (Gaviria & Smith).One of the founders was interviewed by a business magazine author in the U.S and said that they cannot accept any political influence in the movement since themselves are political antagonists that protest against the government (McMillan, 5).

Therefore its slow fade may be as a result of lack of a formal leadership and lack of finances to mobilize more people, though the movement is still alive especially in the Unites States.ReferencesGilder, Sarah Ruth. This changes everything Occupy Wall Street and the 99% Movement. San Francisco: Berrett-Koehler Publishers, 2011. Print.Gaviria, M. & Smith, M. Money. Power and Wall Street: Part One. Frontline, 2012. FilmMcMillan, Stephanie. The beginning of the American fall: a comic’s journalist inside the Occupy Wall Street Movement.

New York: Seven Stories Press, 2012. Print.