|
Occupy Wall Street Movement
Occupy Wall Street (OWS) was a left-wing populist movement against economic inequality, capitalism, corporate greed, big finance, and the influence of money in politics that began in Zuccotti Park, located in New York City's Financial District, and lasted for fifty-nine days—from September 17 to November 15, 2011. The motivations for Occupy Wall Street largely resulted from public distrust in the private sector during the aftermath of the Great Recession in the United States. There were many particular points of interest leading up to the Occupy movement that angered populist and left-wing groups. For instance, the 2008 bank bailouts under the George W. Bush administration utilized congressionally appropriated taxpayer funds to create the Troubled Asset Relief Program (TARP), which purchased toxic assets from failing banks and financial institutions. The U.S. Supreme Court ruling in '' Citizens United v. FEC'' in January 2010 allowed corporations to spend unlimited a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Occupy Movement
The Occupy movement was an international populist Social movement, socio-political movement that expressed opposition to Social equality, social and economic inequality and to the perceived lack of real democracy around the world. It aimed primarily to advance Social justice, social and economic justice and different forms of democracy. The movement has had many different scopes, since local groups often had different focuses, but its prime concerns included how Corporatocracy, large corporations and the global financial system control the world in a way that disproportionately benefits a minority, undermines democracy and causes instability. The first Occupy protest to receive widespread attention, Occupy Wall Street in Zuccotti Park, Lower Manhattan, began on 17 September 2011. By 9 October, Occupy protests had taken place or were ongoing in List of Occupy movement protest locations, over 951 cities across 82 countries, and in over 600 communities in the United States. Although ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Left-wing Populism
Left-wing populism, also called social populism, is a Ideology#Political ideologies, political ideology that combines left-wing politics with populist rhetoric and themes. Its rhetoric often includes elements of anti-elitism, opposition to the Establishment, and speaking for the common people.Albertazzi and McDonnell. "Twenty-First Century Populism: The Spectre of Western European Democracy". Palgrave Macmillan, 2008, p. 123. Recurring themes for left-wing populists include economic democracy, social justice, and Anti-globalization movement, skepticism of globalization. Socialist theory plays a lesser role than in traditional left-wing ideologies. Criticism of capitalism and globalization is linked to unpopular United States military operations, especially those in the Middle East. It is considered that the populist left does not exclude others horizontally and relies on Egalitarianism, egalitarian ideals. Some scholars also speak of nationalist left-wing populist movements, a fe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emergency Economic Stabilization Act Of 2008
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks. The Bill (law), bill was proposed by United States Secretary of the Treasury, Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and was signed into law by President George W. Bush. It became law as part of Public Law 110-343 on October 3, 2008. It created the $700 billion Troubled Asset Relief Program (TARP) whose funds would purchase toxic assets from failing banks. The funds were mostly directed to inject capital into banks and other financial institutions as the United States Department of the Treasury, Treasury continued to review the effectiveness of targeted asset-purchases. The 2008 financial crisis developed partly due to the subprime mortgage crisis, causing the failure o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Left-wing Politics
Left-wing politics describes the range of Ideology#Political ideologies, political ideologies that support and seek to achieve social equality and egalitarianism, often in opposition to social hierarchy either as a whole or of certain social hierarchies. Left-wing politics typically involve a concern for those in society whom its adherents perceive as disadvantaged relative to others as well as a belief that there are unjustified inequalities that need to be reduced or abolished, through radical means that change the nature of the society they are implemented in. According to emeritus professor of economics Barry Clark, supporters of left-wing politics "claim that human development flourishes when individuals engage in cooperative, mutually respectful relations that can thrive only when excessive differences in status, power, and wealth are eliminated." Within the left–right political spectrum, ''Left'' and ''right-wing politics, Right'' were coined during the French Revolu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Populism
Populism is a essentially contested concept, contested concept used to refer to a variety of political stances that emphasize the idea of the "common people" and often position this group in opposition to a perceived elite. It is frequently associated with anti-establishment and anti-political sentiment. The term developed in the late 19th century and has been applied to various politicians, parties, and movements since that time, often assuming a pejorative tone. Within political science and other social sciences, several different definitions of populism have been employed, with some scholars proposing that the term be rejected altogether. Etymology and terminology The term "populism" has long been subject to mistranslation and used to describe a broad and often contradictory array of movements and beliefs. Its usage has spanned continents and contexts, leading many scholars to characterize it as a vague or overstretched concept, widely invoked in political discourse, yet i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.“US Business Cycle Expansions and Contractions” United States NBER, or National Bureau of Economic Research, updated March 14, 2023. This government agency dates the Great Recession as starting in December 2007 and bottoming-out in June 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Sector
The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money, i.e. operate by capitalist standards. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial District, Manhattan
The Financial District of Lower Manhattan, also known as FiDi, is a neighborhood located on the southern tip of Manhattan in New York City. It is bounded by the West Side Highway on the west, Chambers Street and City Hall Park on the north, Brooklyn Bridge on the northeast, the East River to the southeast, and South Ferry and the Battery on the south. The City of New York was created in the modern-day Financial District in 1624, and the neighborhood roughly overlaps with the boundaries of the New Amsterdam settlement in the late 17th century. The district comprises the offices and headquarters of many of the city's major financial institutions, including the New York Stock Exchange and the Federal Reserve Bank of New York. Anchored on Wall Street in the Financial District, New York City has been called both the leading financial center and the most economically powerful city of the world, and the New York Stock Exchange is the world's largest stock exchange by total ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zuccotti Park
Zuccotti Park (formerly Liberty Plaza Park) is a publicly accessible park in the Financial District of Lower Manhattan in New York City. It is located in a privately owned public space (POPS) controlled by Brookfield Properties and Goldman Sachs. Zuccotti Park is bounded by Broadway to the east, Liberty Street to the north, Trinity Place to the west, and Cedar Street to the south. The park was created in 1968 by Pittsburgh-based United States Steel, after the property owners negotiated its creation with city officials. It was named Liberty Plaza Park because it was situated one block south of One Liberty Plaza. The park's northwest corner is across the street from Four World Trade Center. It has been popular with local tourists and financial workers. The park was heavily damaged in the September 11 attacks and subsequent recovery efforts of 2001. The plaza was later used as the site of several events commemorating the anniversary of the attacks. After renovations in 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Campaign Finance
Campaign financealso called election finance, political donations, or political financerefers to the funds raised to promote candidates, political parties, or policy initiatives and referendums. Donors and recipients include individuals, corporations, political parties, and charitable organizations. Political campaigns usually involve considerable costs, travel, staff, political consulting, and advertising. Campaign spending depends on the region. For instance, in the United States, television advertising time must be purchased by campaigns, whereas in other countries, it is provided for free. The need to raise money to maintain expensive political campaigns diminishes ties to a representative democracy because of the influence large contributors have over politicians. Although the political science literature indicates that most contributors give to support parties or candidates with whom they are already in agreement, there is wide public perception that donors expect gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Greed
Criticism of capitalism typically ranges from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety. Criticism comes from various political and philosophical approaches, including anarchist, socialist, marxist, religious, nationalist, and fascist viewpoints. Some believe that capitalism can only be overcome through revolution while others believe that structural change can come slowly through political reforms. Some critics believe there are merits in capitalism and wish to balance it with some form of social control, typically through government regulation (e.g. the social market movement). Prominent among critiques of capitalism are accusations that capitalism is inherently exploitative, alienating, unstable, unsustainable, and creates massive economic inequality, commodifies people, and is anti-democratic and leads to an erosion of human rights and national sovereignty while it inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
