Occupy Wall Street

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. It 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 amounts on independent political expenditures without government regulation. This angered many populist and left-wing groups that viewed the ruling as a way for moneyed interests to corrupt public institutions and legislative bodies, such as the United States Congress.

The protests gave rise to the wider Occupy movement in the United States and other Western countries. The Canadian anti-consumerist magazine Adbusters initiated the call for a protest. The main issues raised by Occupy Wall Street were social and economic inequality, greed, corruption and the undue influence of corporations on government—particularly from the financial services sector. The OWS slogan, "We are the 99%", refers to income and wealth inequality 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 redress through direct action over the petitioning to authorities.

The protesters were forced out of Zuccotti Park on November 15, 2011. Protesters then turned their focus to occupying banks, corporate headquarters, board meetings, foreclosed homes, college and university campuses, and social media.

The original protest was called for by Kalle Lasn, Micah White and others of Adbusters, a Canadian anti-consumerist publication, who conceived of a September 17 occupation in Lower Manhattan. The first such proposal appeared on the Adbusters website on February 2, 2011, under the title "A Million Man March on Wall Street". Lasn registered the OccupyWallStreet.org web address on June 9. The website redirected to Adbusters.org/Campaigns/OccupyWallStreet and Adbusters.org/OccupyWallStreet, but later became "Not Found". In a blog post on July 13, 2011, Adbusters proposed a peaceful occupation of Wall Street to protest corporate influence on democracy, the lack of legal consequences for those who brought about the global crisis of monetary insolvency, and an increasing disparity in wealth. The protest was promoted with an image featuring a dancer atop Wall Street's iconic Charging Bull statue. In July, Justine Tunney registered OccupyWallSt.org which became the main online hub for the movement.

The U.S. Day of Rage, a group that organized to protest "corporate influence [that] corrupts our political parties, our elections, and the institutions of government", also joined the movement. The protest itself began on September 17; a Facebook page for the demonstrations began two days later on September 19 featuring a YouTube video of earlier events. By mid-October, Facebook listed 125 Occupy-related pages.

The original location for the protest was One Chase Manhattan Plaza, with Bowling Green Park (the site of the "Charging Bull") and Zuccotti Park as alternate choices. Police discovered this before the protest began and fenced off two locations; but they left Zuccotti Park, the group's third choice, open. Since the park was private property, police could not legally force protesters to leave without being requested to do so by the property owner. At a press conference held the same day the protests began, New York City mayor Michael Bloomberg explained, "people have a right to protest, and if they want to protest, we'll be happy to make sure they have locations to do it."

Antecedent and subsequent OWS prototypes include the British student protests of 2010, 2009-2010 Iranian election protests, the Arab Spring protests, and, more closely related, protests in Chile, Greece, Spain and India. Occupy Wall Street, in turn, gave rise to the Occupy movement in the United States.