For the final assignment in WRT 205 I will be working on the topic of Occupy Wall Street. As a finance student I hope to present a viewpoint perhaps not as typical. As I mentioned in a previous “re-blog” I want to ensure my analysis of the protest movement covers the global range not simply New York City’s Wall Street. While the characteristics of OWS entail non-violent protests, civil disobedience, picketing and internet activism designed by a Canadian Activist group Adbusters the public petition has grown into a worldwide protest of corporate influence with a lingering desire for autonomy. The limited legal consequences has ensued in major uproars throughout hundreds of countries and nearly 1500 cities.
– Nationally: began September 17, 2011 In Liberty Square
– Spread to 1500 cities globally
– Inspired by popular uprising in Egypt and Tunisia
Public Issue: A massive cross-country occupation of major cities with professionals and protestors boycotting the financial industry.
–> “The movement is inspired by popular uprisings in Egypt and Tunisia, and aims to fight back against the richest 1% of people that are writing the rules of an unfair global economy that is foreclosing on our future.” (occupywallst.org)
Goal: to fight back against the richest 1% of people in control of the rules
Key terms: Hedge fund, Tax breaks, Barack Obama, Bill Clinton, George W. Bush, Financial Crisis, Economy, Glass-Steagall, Compensation
Glass-Steagall Act: An Act to provide for the safer and more effective use of the assets of banks, to regulate interbank control, to prevent the undue diversion of funds into speculative operations, and for other purposes.
Principles: Solidarity, Autonomy, Declaration of Occupation, Right to occupy space
In order to learn about the movement, I will be staying up-to-date with all major newspaper articles as well as youtube videos posted from around the world. I will also be conducting polls and survey through different organizations and schools throughout campus.