Question

Occupy Wall Street was a national (and later

global) organized protest against the greed, bank profits, and financial corruption that led to the $2008–2009$recession. The group popularized slogans like “We are the $99\%$,” meaning it represented the majority against

the wealth of the top $1\%$. Does the fact that the protests had little to no effect on legislative changes support or contradict the chapter?

Short answer

The fact that the protests had little to no effect on legislative changes supports the chapter.

Step-by-step solution

Step 1. About the chapter

The chapter is supported by the fact that protestors had little or no impact on legislation. The chapter explains that the benefits of policies are limited to a select number of people, but the expenses are shared by all citizens of the country.

Step 2. Reason

Similarly, the benefits of policies are limited to 1% of the population due to greed, while the remaining 99 percent of disorganized protestors face the burden during the 2008-09 economic recession. As a result, individuals who are disorganized protest greed, bank profits, and financial corruption. Those in the top 1% of the population spend millions on lobbyists, who help businesses convince politicians to change in their favor.