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An Overview on the Occupy Wall Street Movement

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According to the comparative study, it may appear that the OWS movement carries combined objectives of all the three theories however; Utilitarian theory may best apply to the implications of the OWS movement. This movement is aimed at providing a better life to all Americans particularly the 99% of the population, who are suffering from income inequality, unemployment, and many other problems. According to a report (Hotsheet, 2011), the top 20% of Americans are controlling 84% of the wealth and the country takes 39th position worldwide in income inequality.

According to most of the Americans, the elite class comprising few of the top-ranking congressmen as well as the corporate sector is responsible for this inequality. It is no wonder why congress is often known as a millionaire hub (Hotsheet, 2011). Interestingly, the USA had fairly equal and stable income divisions until the 1970s; in the following decade, it started to stagger and entered the 21st century worsening the income divisions (Noah, 2010). OWS movement fights for this injustice when the taxes are increased for poor and decreased for the elite, making rich richer and poor poorer.

Since, the observation highlights that the movement is intended to bring an end to the sufferings and injustices done, this definitely is in sync with the Utilitarian theory whose fundamental principle is to maximize happiness. One equitable outcome of the movement which will be good for American society is to end the rule of that 1% elite class who has been ruthlessly controlling the economy while the rest of the population is working hard, paying the cost of the crisis while its instigators are collecting their profit margin (Ruth and Gelde, 2011).

Business ethics and corporate social responsibilities. Business ethics is a concept which generally means to identify what is right or wrong and taking the right step upon identifying it. It is a catalyst that encourages managers to take socially responsible decisions. It is a vital component in management.

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