The history of Occupy Wall Street. An Overview


Essay, 2016
9 Pages

Excerpt

The history of Occupy Wall Street

Introduction

Organizational Structure

What was the real Motivation for Formulation of this Movement?

How Where the People Able to Come together at Zuccotti Plaza?

Achievement, Status, and Future of the Occupy Wall Street

References

Introduction

Economic injustice, and especially, economic inequality is the reason for the emergence of Occupy Wall Street. Contrary to what most may think, occupy wall street is not a brain child that begun in 17th September 2011. In fact, occupy wall street was incubated in 1968 as Kalle (2012) insinuates. The interviewee elaborates that the movement was first incepted in 17th September 2011, however, conceptualized in 1968 when a small uprising in Paris, common as the Latin Quarter was successful. However, the interviewee points that the movement was short lived because of the vertical models that were embraced during the protests. Recent most occupy wall street movement dating 17th September 2011 was successful to a great extent because of the horizontal model of protests. So, Kalle (2012) tells the interviewer.

17th September 2011, was the first date of occupy street wall breakthrough. During this momentous day, most of the people who are part of the movement camped in Lower Manhattan, in a plaza known as Zuccotti Plaza. "We Are the 99 Percent," this is the chant that the movement recites since its inception. According to Army (13), this insinuates that the top 1 percent of the leaders in America immerse the largest share of American wealth. Upon inception of the movement officially during the momentous date, it further spread its wings within two weeks to other parts of the world. Actually, this maybe an illustration that other countries are facing challenges that are of equivalence or same nature. In fact, within a month from the inception of the movement, similar campings such as that of Zuccotti Plaza were established in most of the major cities around the world.

Organizational Structure

Kalle (2012), an interviewee of Neal is seemingly the initiator of the movement by the way of expression. However, expressions maybe wrong since, as the interview proceeds, it is clear that the movement has no leadership. In accordance to a post that was made in the Washington Post by Heather (2011), it is surely evident that the group has no leader. As Heather (2011) puts it, “this is a leaderless movement without an official set of demands. There are no projected outcomes, no bottom lines, and no talking heads.” The group insinuates that every person who joins the movement is a leader by virtual of the fact that they are members.

How can every person be a leader within a movement? Can this not cause a messed scenario? Anyone who could ask this question could find the movement armed with the solutions to its practicability. The movement point to the praxis of the theory of every one being a leader as something that has a rich history. Essentially, it began when the women were facing “glass ceiling” in the 1960’s to 1970’s. Women during this time found it difficult to go up the organizational ladder even when they were learned. Upon examination of why the women were not offered the opportunity to lead the organizations or to get promotions, they realized they were treated as lesser beings compared to their male counterparts (Heather, 2011). It is during this era that the women made the personal problem a political problem. So, every woman was at the forefront seeking for justice to be served when it came to dishing leadership positions. The women thus, felt, ineqality was the order of the day, and that this was a war that each had to fight at their best of abilities. It is this history and that of many others that inspired the leadership style where the problem was a personal problem turned political for every person.

What was the real Motivation for Formulation of this Movement?

In the year 2011, the top 1 percent of the American cream had accumulated of 40 percent total wealth, with the remaining 99 percent of the population enjoying the remaining 60 percent. The statistics as they are implicated inequality. Moreover, upon examining 25 years ago when the top 12 percent of America population enjoyed 33 percent of the total wealth, it realisable that; this is an evil that is becoming deep-rooted as the years pass. Notwithstanding, the wage rates of the low American population is stagnant for years when the economy has grown in folds. The percentage increase in wages over the is inconceivable based on the rate of productivity growth. Productivity growth between 1979 to 2009 is estimated at 80 percent. While, the percentage increase in wages is estimated at 10.1 percent, and it only took the course between 1996 to 2002. Ever since 2002, the economy has enjoyed increased productivity rates while the pay has remained stagnating at the same level. Inequality, at it best, that is the definition that best describes the scenario discussed above. Inequality was the main force for which the movement was formed. Thus, the aforementioned reasons are likely contributors to the Occupy Wall Street movement.

Even though a number of people, author and journalists are of the opinion that the movement did not have a clear-cut demand, that is not the case. The movement had an agenda whereby they would reverse the neoliberal agenda and global capitalism. The movement held this position because they felt that the social atrocities as well as the economic inequality were as a result of sabotage from these factors. Gallop and Hill poll companies did conduct polls in February and October of 2011 respectively. The results were tallying that most of the Americans were of the opinion that inequality is a major problem in the county. Also, the citizens felt that the corporations were not supposed to be allowed to control the politics of the country (Ethan).

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Excerpt out of 9 pages

Details

Title
The history of Occupy Wall Street. An Overview
Course
History
Author
Year
2016
Pages
9
Catalog Number
V334228
ISBN (eBook)
9783668240582
ISBN (Book)
9783668240612
File size
475 KB
Language
English
Tags
occupy, wallstreet, social inequality, economic inequality, protest, financial services
Quote paper
Adams Kisilu (Author), 2016, The history of Occupy Wall Street. An Overview, Munich, GRIN Verlag, https://www.grin.com/document/334228

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