1.Discuss the moral and economic implications involved in the movement. 2.Analyz
ID: 1177778 • Letter: 1
Question
1.Discuss the moral and economic implications involved in the movement.
2.Analyze each of the implications identified above against the utilitarian, Kantian, and virtue ethics to the movement. Support your position with examples and evidence.
3.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 over time. Explain your rationale.
4.Suggest an equitable outcome from the movement that would be appropriate for our capitalistic society.
5.Predict whether the movement will continue, fad away, or turn into something else. Provide a rationale with your response.
Explanation / Answer
Income inequality[edit]
A chart showing the disparity in income distribution in the United States.[44][45] Wealth inequality and income inequality have been central concerns among OWS protesters.[46][47][48]
Income inequality is a focal point of the Occupy Wall Street protests,[49][50][51] as it had risen to the levels not seen since the Great Depression.[52] The focus on income inequality by the movement was studied by Arindajit Dube and Ethan Kaplan of the University of Massachusetts Amherst, who noted that "inequality in the U.S. has risen dramatically over the past 40 years. So it is not too surprising to witness the rise of a social movement focused on redistribution...Greater inequality may reflect as well as exacerbate factors that make it relatively more difficult for lower-income individuals to mobilize on behalf of their interests...Yet, even the economic crisis of 2007 did not initially produce a left social movement...Only after it became increasingly clear that the political process was unable to enact serious reforms to address the causes or consequences of the economic crisis did we see the emergence of the OWS movement...Overall, a focus on the 1 percent concentrates attention on the aspect of inequality most clearly tied to the distribution of income between labor and capital...We think OWS has already begun to influence the public policy making process."[53][citation needed] An article on the same subject published in Salon Magazine by Natasha Leonard noted "Occupy has been central to driving media stories about income inequality in America. Late last week, Radio Dispatch%u2019s John Knefel compiled a report for media watchdog Fairness and Accuracy in Reporting (FAIR), which illustrates Occupy%u2019s success: Media focus on the movement in the past half year, according to the report, has been almost directly proportional to the attention paid to income inequality and corporate greed by mainstream outlets. During peak media coverage of the movement last October, mentions of the term %u201Cincome inequality%u201D increased %u201Cfourfold%u201D...tokens of Occupy rhetoric %u2014 most notably the idea of a %u201C99 percent%u201D against a %u201C1 percent%u201D %u2014 has seeped into everyday cultural parlance."[54] As income inequality remained on people's minds, Republican Presidential Candidate Mitt Romney said such a focus was about envy and class warfare.[55]
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