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‘Occupy’ Movement

January 13, 2012 • Volume 22, Issue 2
Does the protest against inequality have staying power?
By Peter Katel

Introduction

Occupy Wall Street activists demonstrate against income inequality and corporate greed (AFP/Getty Images/Emmanuel Dunand)
Occupy Wall Street activists demonstrate against income inequality and corporate greed on Oct. 11, 2011, in the Upper East Side Manhattan neighborhood of News Corp. CEO Rupert Murdoch, oil tycoon David Koch and other affluent Americans. (AFP/Getty Images/Emmanuel Dunand)

Demonstrators protesting income inequality and corporate greed have taken over parks and other public places across the country in the wake of the Occupy Wall Street protest launched in September near New York City's Financial District. Police have shut down many camps following mass arrests, occasional violence and heavy-handed police tactics, including in New York and Oakland, Calif. Still, while top Republicans have condemned the protesters as divisive and dangerous, some Democratic politicians have voiced sympathy for their message. The movement's main claim — that the U.S. political and economic system benefits the richest 1 percent to the detriment of the other 99 percent — has put the issue of economic fairness front and center in the presidential race. But the Occupy movement faces a long, cold winter and a pair of daunting challenges: defining its long-term goals and forming a leadership structure that can chart a sustainable course for the protest effort.

ISSUE TRACKER for Related Reports
Banking
Sep. 26, 2014  Digital Currency
Oct. 05, 2012  Euro Crisis
Jan. 20, 2012  Financial Misconduct
Jan. 13, 2012  ‘Occupy’ Movement
Oct. 24, 2008  Financial BailoutUpdated
Sep. 01, 2000  The Federal Reserve
Jun. 22, 1990  S&L Bailout: Assessing the Impact
Nov. 04, 1988  Behind the S&L Crisis
Apr. 26, 1985  New Era in Banking
Nov. 18, 1983  Bankruptcy's Thriving Business
Aug. 07, 1981  Banking Deregulation
Jul. 19, 1974  Banking Stability
Jul. 17, 1968  Banking Innovations
May 06, 1964  Monetary Policy in Prosperity
May 16, 1940  Revision of the Securities Acts
Feb. 27, 1937  Expansion of Branch Banking
Sep. 03, 1935  The Decline of Commercial Banking
Dec. 11, 1934  Proposals for a Government-Owned Central Bank
Sep. 12, 1934  Bank Reserves and Credit Inflation
Nov. 27, 1933  Bank Credit in Depression and Recovery
Aug. 12, 1933  Closed Banks and Banking Reform
Apr. 04, 1933  Unified Control of Banking
Apr. 09, 1932  The Glass Banking Bill
Mar. 24, 1932  The Guaranty of Bank Deposits
Apr. 17, 1930  The International Bank and the Gold Standard
Feb. 08, 1930  Branch Banking and Chain Banking
Apr. 29, 1929  Mergers of Banking Institutions
Oct. 28, 1927  The Federal Reserve Rate Controversy
May 21, 1927  Labor Banking and Finance Since 1920
Jan. 31, 1924  The Northwestern Bank Failures and the Attack on Treasury Savings Certificates
Dec. 01, 1923  Why State Banks Do Not Join the Federal Reserve System, the Effect on the System and the Issues Involved
Nov. 23, 1923  Branch Bank Controversy
BROWSE RELATED TOPICS:
Protest Movements
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