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

Occupy Wall Street Movement - Essay Example The moral and economic implications of Occupy Wall Street movement are quite diverse in nature. The major facets of the movement are social and economic disparity, greediness, corruption and unwarranted power of business organizations on government. The moral issues of Occupy Wall Street movement comprise equality, care and freedom (Kaneck, 2012). The common concern recognized in the movement is the wealth gap between 1% (who are categorized as wealthy businessmen and bankers) and the 99% (who are the other citizens including the protestors). According to the protestors, the 1% has excessive wealth and authority and also has power over economic well-being of the nation. The protestors of Occupy Wall Street movement view the rich as frauds who misuse the economic systems and policies (Jickling & Hoskins, 2011). Thoroughly Analyze Each of the Implications Identified Above Against the Utilitarian, Kantian, and Virtue Ethics to Determine Which Theory Best Applies To the Movement; Thoroug hly Supported Your Position with Examples and Evidence Ethical theories have been considered for analyzing the protest movement. The above implications of Occupy Wall Street movement can be analyzed by using three major ethical theories which are Utilitarian, Kantian and Virtue Ethics. Utilitarian approach generally depends on the view that ethical activities can generate most of the good outcomes for society and economy. It is a general belief that society is the net outcome of individual choices for conducting certain activities. Utilitarian ethics possess the view that appropriate course of activities can enhance the value of individuals, increase the happiness and minimize the sufferings of people in a society. Kantian ethics is based on the thought of ethical responsibility. It proclaims that an activity can only be considered as ethical if it is conducted on the basis of duty, rather than on the basis consequences of such actions. The outcome of Kantian ethics is subject to th e statement that there is no inherent connection between happiness and virtue. It highlights the right activity over the good activity. On the other hand, virtue ethics concentrates on the role of an individual for defining or assessing ethical behaviors and activities. The differences between these three ethics depend on the way ethical problems are approached (Cobbett & Germain, 2012). With respect to the Occupy Wall Street movement, unseen events of bailout, movement of money and economic crisis are all agreed upon certain activities of people. Considering the above three ethical theories, utilitarian ethics best match with the implications of Occupy Wall Street movement. It can be observed that the objective of Occupy Wall Street movement is to minimize the corruption and enhance the participation of government in order to support the economic growth and to ensure equality of wealth and income. Furthermore, the moral and economic implications with respect to the minimization of unemployment, income inequality and equal wealth distribution can only be possible if utilitarian ethics is followed (Asanuma, 2011). Thoroughly Determine Who Is Responsible For Income Inequality And Wealth Distribution In The U.S. In Your Analysis, Make Sure To Include If This Is Something That Happened Suddenly or If It Built Up

BEHAVIOURAL FINANCE Literature review Example | Topics and Well Written Essays - 3000 words

BEHAVIOURAL FINANCE - Literature review Example Thus, there is a need for a new economic paradigm that can enhance the economic condition of all countries. The literature lays stress upon different views of the scholars and researchers related to the current topic. It is observed that few of these scholars are in favour of the idea, whereas others have directly opposed the same. Presently, there is a great need for change as individuals perceive that economic, social and environmental shifts are necessary. The global population is increasing at an alarming rate accompanied by an extraordinary improvement in life expectancy worldwide. Innovations made in the technological industry have enabled the people to learn and communicate essential information on a global level. The inequality between poor and rich countries has continued to grow with the passage of time. The demand for natural resources has increased and climate changes are more frequent than ever. The main issue related to the world economy is the most severe one. Apart from the abovementioned difficulties, the economic paradigm is also questioned as the world economy is heading towards a decline (Reza, 1999). The economic condition worsened as the blame game persisted so as to identify the one responsible for the economic downturn and recession. Primarily, the blame was put on the financial managers who had failed to identify and manage risk appropriately and even the regulators did not stop them from undertaking any fraudulent activity. The economic strategy devised for promoting growth was inadequate. Businesses and governments had stated the need for a new economic paradigm, which can facilitate sustenance of the environment. New Economics Movement had rapidly grown over the past few years. New Economics Foundation and The Other Economic Summit formed a part of the movement. It had clearly identified that the present economic model is