On "Occupy Wall Street" Movement

After the U.S. subprime mortgage crisis broke out in2007, main capitalistcountries were heavily hit by financial crisis again. Economy in thosecountries witnesses a constant depression, which led to a series of social crisisfurther. Under this background, the movement of “Occupy Wall Street” brokeout in September17th2011, aiming to denounce the Wall Street, the chiefcriminal of financial tsunami and to express participants’ discontentment tounequal distribution of social wealth in America and their indignation togovernment policy, which was partial to the wealthy. After it broke out, themovement caught widely attention from media and the public. It also rapidlyspread to other cities in less than one month. And there was tide of protest like“Occupy Washington”,“Occupy Chicago”,“Occupy London” and so on.The eruption of “Occupy Wall Street” was caused by periodic economiccrisis, which led to by Neoliberalism policy pursued in America for long andinherent defect of capitalism, in addition to American policy’s being partial tothe wealthy and government oversight at financial institution that led toconstant economic depression, constantly high rate of unemployment andsocial declination, which triggered dissatisfaction of American public. Themovement mainly appealed to protest lust of financial company and distortedeconomy, politics controlled by money, inefficient state regulation, rising rateof unemployment and social injustice.In terms of property,“Occupy Wall Street” belongs to new socialmovement. It is a social protest movement. The movement showed fourcharacters including globalization in scale and range, openness in the mode oforganization, modernization in means of propaganda and non-violence inaction strategy. Although there are certain similarities between “Occupy WallStreet” and social movements in America in1960s and the two movementshave made certain impacts on American policy,“Occupy Wall Street” has notdeveloped into large-scale social movements like civil rights movement andthe anti-war movement. After WWII, capitalism continues to make self-adjustment. Theproductivity develops at full speed. The superstructure becomes more andmore improved. Capitalism-dominated world system was formed.“OccupyWall Street” is not a movement to criticize current system in Americaincisively. But the eruption of the movement does reflect contradictories andcrises in economy, politics, society in America and other main capitalistcountries contemporarily. Therefore, the broke out of these contradictions andcrises proving that the limitations of the capitalism’ self-regulating once again,and also predicts the future of capitalism.