Edited and Translated by Yao Chun, People's Daily Online
"Occupy Wall Street" is an ongoing series of demonstrations in New York City which has lasted for three weeks since September 17. The headquarters of the protest is based in Zuccotti Park, formerly "Liberty Plaza Park", and was originally called for by the Canadian activist group Adbusters.
The participants of the event are mainly protesting against social and economic inequality, corporate greed, and the influence of corporate money and lobbyists on government, among other concerns, in the Untied States. The organizers hope that the protesters themselves will seek their own specific demands, which should focus on "taking to task the people who were responsible for causing the great economic meltdown two years ago."
"Occupy Wall Street" has raised global eyebrows and experts deemed that the protest was caused by economic, politic as well as social issues of the United States.
Though the U.S. has made several efforts such as investing huge amounts of government funds and conducting two "quantitative easing" programs to increase market liquidity, the U.S. economy is still reeling in the quagmire, with elevated unemployment rates and a cooldown in consumers' spending awareness.
The anemic economic recovery is the main cause of the "Occupy Wall Street" protest, according to Lv Xiaobo, a political science professor at the renowned Columbia University in New York.
Infighting and gridlock between the Democratic Party and Republican Party in the United States hinders the rapid and effective implementation of many policies and economic reforms, which has irritated the American public.
Lv says that making compromises in American politics is becoming more and more difficult. Gridlocks often emerge between the Democratic Party and Republican Party. The decision-making mechanisms have categorically failed there.
For a long time, the Americans in the bottom of the society are the people who less participate in the politics, so their demands are rarely to be known by the policy-makers and their interests are routinely neglected or trodden on. The movement undertaking in the Wall Street is an effective attempt made by grassroot masses aimed at revising U.S. political apparatus.