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'Occupy Wall Street' movements - surfaced in 2011 Causes: The main issues raised by Occupy Wall Street movements (mass occupation gatherings) were social and economic inequality, greed, corruption and the perceived undue influence of corporations on government—particularly from the financial services sector. The OWS slogan, "We are the 99%", refers to income inequality and wealth distribution in the U.S. between the wealthiest 1% and the rest of the population. To achieve their goals, protesters acted on consensus-based decisions made in general assemblies which emphasized direct action over petitioning authorities for redress. The initial protesters were forced out of Zuccotti Park, New York on November 15, 2011. Protesters turned their focus to occupying banks, corporate headquarters, board meetings, foreclosed homes, and college and university campuses. The Guardian wrote that the 'Occupy movement' gained initial momentum from camps in Madrid, Athens, Santiago and Malaysia. The latest city to witness a protest is Chile. These antecedents have in common with the 'Occupy movement' a reliance on social media and electronic messaging to circumvent the authorities, as well as the belief that financial institutions, corporations, and the political elite have been avaricious in their behaviour toward youth and the middle class. Patently a growing groundswell of citizens want their democratic governments - elected by the people, drawn from the people, to serve the people - to redress unfair imbalances. Effects: Very little to date as CEO's salaries that rose manifestly over the '90s and 2000's, continue to rise at a greater rate than the average salary of their companies. 33% of Credit Cardholders in Australia, Revolvers, pay over 98% of Credit Card Interest and Fees and 100% of Interest and Penalty Fees Revenue. |
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