BUS 309

Topics: Morality, Wealth, Social movement Pages: 6 (2088 words) Published: October 27, 2013


Assignment 1: Occupy Wall Street Movement

BUS 309: Business Ethics
Strayer University
Nov 4, 2012

Occupy Wall Street Movement
The moral and economic implications involved with the “Occupy Wall Street Movement” was to address the issue of how the people here in the United States and around the world are being subject to unfair and unjust treatment by those who control the top 1% of the wealth in this country and abroad. The “Occupy Wall Street” wanted to oppose decision that had been made in the past by key personnel that had been put in key positions, who were responsible for making moral decision and setting standard for the improvement for society as a whole. They felt like the leaders that were responsible for those decision had been bought by those that are consider in that 1% wealth class. The individual that are a part of this class use their wealth to lobby vote and get laws or regulation change or pass, that allowed them to cause the current economic struggles that this country as well as other are still trying to recover from to this day. The recession that started back 2007 had economic implication deeming from the decision made or influence by the top financial institutions and political leaders of U.S. The same individuals who were elected to oversee the rights and uphold a higher standard of morals for those individuals they were elected to represent. Along with financial institutions, who were no longer acting as financial advisor to their customers, but rather as profiteers for their organizations. Basically, when all the fact where uncover and situation where discuss explaining how the financial collapse of some of this country most well-known recognizable businesses and organizations actually happen. In my opinion lead most individual as well as group like “Occupy Wall Street” to believe that those in position of power or influence allowed their moral character to be question, because all signs pointed to greed being the motive behind their actions. In analyzing the moral and economic implication against the utilitarian theory the “Occupy Wall Street” group is addressing the economic decision made by Banks, Multinational organizations and key leader/advisor that call one of the greatest recession of our generation. The actions of these individuals and organizations did not only affect people here in the U.S., but others around the world causing what has come to be known as a Global Financial Crisis. These decisions also led to the largest number of foreclose homes to take place here in the U.S. within the last 5yrs. The bursting of the U.S. housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally. The first (2) theory to evaluate “Occupy Wall Street” against will be the Kantian and virtue ethics theory, which the group action had characteristic of each associated with its movement. In analyzing the “Occupy Wall Street Movement” against the Kantian theory which held that only when we act from duty does our action have moral worth and good will is the only thing that is good in itself. The movement was done with the intent of being a good will gesture for society as a whole. Also, the movement could fall under the Kantian theory, because this theory does not concern itself with consequences of a person or group action, but whether the action had good intention when it was committed. As Kant describes will as a duty and only when that duty has no self-interest, causing harm, or inclination will our action have moral worth. Therefore, the Occupy Wall Street movement had moral implication, even though it didn’t yield great result or was it single handedly responsible for creating changes to how Wall Street and other organization conduct business. In evaluating the virtue ethic of the “Occupy Wall Street Movement” the movement would have to be analyze against...

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