Occupy Wall Street Movement Assignment Example | Topics and Well Written Essays - 1500 words - 1

Occupy Wall Street Movement - Assignment Example As the discussion outlines  the main motto behind this movement was to invoke change in today’s crony capitalism by raising worldwide awareness and calling themselves as 99%. They claimed to use the tactics of Arab Spring that was to peacefully protest against the unjust. An admirer of the OWS released a video calling the youth to join the protest by gathering at lower Manhattan and occupying the Wall Street for some moths. From there other groups including the governing body, General Assembly of NYC also started joining the protest. The word of protest soon got out through the social networking sites like Twitter and Facebook. The movement soon started gaining momentum and pick up steam within a month.This paper discusses that  the protest that started on the Wall Street did not put forward any demand or grievances instead it brought some agendas to be viewed. The common agenda was the gap of 1% and 99% where 1% was considered to be the â€Å"wealthy traders and bankers at the top of the financial services sector† and the 99% was regarded to be everyone else leaving the 1% including the demonstrators or the protesters. The 1% was regarded to have a lump sum amount of money, power and wealth and was interested in conflicting with â€Å"the economic well-being of the rest of the country†.  The excessive compensation paid to the Wall Street traders aggravated income inequality and promoted excessive risk-taking. On the other hand this penalized the taxpayers whose money has gone into bailing out the failed banks.