Is Too Much Ever Enough? The Economic Crisis, Greed and the Occupy Wall Street Movement Denise Ellis, Ph.D., LCSW Kean University, Department of Social Work
[email protected] Journal of Social Work Values and Ethics, Volume 10, Number 1 (2013) Copyright 2013, Association of Social Work Boards (ASWB) This text may be freely shared among individuals, but it may not be republished in any medium without express written consent from the authors and advance notification ofASWB Abstract 2. Economic Crisis 101 This article examines key elements of the recent 2.1 Crisis description and role of values economic crisis in the United States, the Occupy The current economic crisis represents Wall Street movement, and the contributing role quite possibly the worst economic recession since of values. A description and overview of the the Great Depression and is indicative of the economic and political forces is presented. The effect that individual and collective values can paper also explores the psychosocial implications have on financial, governmental, and political for individuals and families and for social workers. circumstances. Max-Neef (2011) contends that “the current crisis is a direct product of greed,” Keywords: economic crisis; values; social reform which he views as the dominant value (Interview). movements; social justice; Occupy Wall Street In 2008 the U.S. economy crashed. The general public first became aware of the calamity when 1. Introduction it was reported that Goldman Sachs, Deutsche Bank, and AIG, the largest insurance company The world is currently in the grip of the in the world, were poised to fail. According to largest economic disaster in almost a century.