Sunday, May 24, 2020

Capitalism on Wages and Income Essay - 1426 Words

Introduction Capitalism is an economic system in which industry, trade and factor and means of production are controlled by private investors or owners with an aim of making profit in a market economy. It affects the rate of capital accumulation, labor wage and the control of competitive market. This usually affects the economy of different societies since the government has no control over the economy. The forces of capitalism greatly affect the societies in that the poor continues to be poorer while the reach society continues to accumulate wealthy and become richer. It widens the income disparity gap. It influences both the economic aspect and social aspect of the societies largely. This mainly is influenced by the forces that†¦show more content†¦For the wages to increase mostly the intensity of labor and cost of long hours are inevitable. Therefore, capitalist cannot benefit the poor. Capitalism and free trade According to Richard N (2006), the free movement of goods due to free market or trade has led to globalization. Though the effects have been assumed to benefit all, there is a large inequality among the poor and the rich both within the countries among the nations. Capitalism is contributed to technological advancement, which has then influenced free trade. The uncontrolled globalization has resulted in more developed societies becoming rich. The rich economies are able to exploit the market by producing at lower price due to their level of technology and advancement in research. They are also able to protect their economy through export subsidies and production subsidies to their farmers. This translates to lower prices for their goods in the global market hence controlling it. The poor countries despite having comparative advantage in production of some commodities they also suffer from competitive advantage from the developed countries they are forced to sell their commodities at a lower price than their expected. They suffer a lot in global trade, which is mainly controlled by the wealthier nations. There are regulations, which restrict the flow of goods in the world market from poor societies. This makesShow MoreRelatedIncome Inequality By Kathryn Edin1227 Words   |  5 PagesIncome Inequality Kathryn Edin’s newly published book did not shock its readers; $2 a Day revealed economic exploitation and poverty in the United States. Edin’s publication, comprised of two decades of quantitative research and analysis, declared 1.5 million household incomes financially support $2 per person, per day (Edin). America, the land of prosperity and opportunity, lost its appeal as it plunged into financial crises and economic instability: the root cause being income inequalityRead MoreStakeholder Capitalism Vs. Shareholder Capitalism1573 Words   |  7 Pageswas the use of capitalism since the last couple of decades. There were two separate types or levels of capitalism that were used in American society, which was capitalism 2.0 and capitalism 3.0. In the 1940s the beginning of capitalism 2.0 otherwise known as stakeholder capitalism. Stakeholder capitalism is basically a market system that the companies only treat the interests of major stakeholders equally, rather than favoring the investors. The second use of capitalism is capitalism 3.0 otherwiseRead MoreRelationship Between The Worker And The Capitalist997 Words   |  4 PagesIn recent times, inequality has been found on high levels all around the world, this is due to how the market functions and the relationship between the worker and the capitalist. In this essay, the characteristics of Capitalism will be described followed by an analysis of how it produces wealth inequality, however a political economical approach will be used. Emphasized are the thoughts of Karl Marx and Adam Smith. To begin with, Adam Smith in his book Nature and Causes of the Wealth of NationsRead More Karl Marx - Capitalist Alienation Essay709 Words   |  3 Pagesestablished a theory that today is known as the backbone to modern socialism and communism. Marx viewed the early capitalism of his own day as inherently exploitive. At the core of capitalist production is what is considered surplus value, the value left over after the producer (in Marx’s case, factory owner) had paid the fixed costs of production such as raw materials, machinery, overhead and wages. The left over amount was kept as profit, a profit that Marx saw that was earned from the sweat of the laborRead MoreJoseph Schumpeter And Karl Marx : The Philosophy Of Capitalism838 Words   |  4 Pageswrote many critiques of Keynesianism and Marxism. A fervent supporter of capitalism, he saw capitalism as an economic success. Karl Marx was the father of scientific socialism and one of the biggest critics of the capitalist sys tem. He saw capitalism as destined to end and collapse under its failures. Both economists believed that capitalism was destined to transition to socialism. This report touches about the morality of capitalism, specifically the system of profit-making, as perceived by the two.Read MorePoverty Is A Growing Problem Around The World With Millions Of People1267 Words   |  6 Pagesstructurally maintained through the results of capitalism, the existence of classism, and the effects of oppression. Hamilton is one of the most highly industrialized cities in Canada, with the vast majority of Hamiltonians working as wage laborers. The purpose of capitalism is to create wealth, yet the system that is used to ensure this often serves only to keep the lower class down. The capitalistic market is extremely competitive, forcing companies to lower wages of the workers or outsource jobs in orderRead MoreKarl Marx and Capitalism Essay880 Words   |  4 Pages developed his critique of capitalism by analyzing its characteristics and its development throughout history. The critique contains Marx’s most developed economic analysis and philosophical insight. Although it was written in 1850s, its values still serve an important purpose in the globalized world and maintains extremely relevant in the twenty-first century. Karl Marx’s critique of political economy provides a scientific understanding of the history of capitalism. Through Marx’s critique, theRead MoreEssay about Making Social Rights a Human Right1741 Words   |  7 PagesThis paper will discuss why social rights should be human rights. Poverty, capitalism, and government will be the motives used to explain why social rights should be considered human rights and be enforceable in a court of law. Although the costs of social rights would result in higher taxes, the benefits would far exceed the costs. It would greatly reduce the majority of poverty and crime as well as improve overall health within our society. Various aspects of social rights will be examined whichRead MoreMarx And Engels, The Manifesto Of The Communist Party888 Words   |  4 Pagesthe working class, it tells us how people from the middle class went about doing things from the perspective of the middle class man. The book, The Manifesto of the Communist party further details the emergence of capitalism and also telling us or predicting about the future of capitalism. They also talked about the class struggles of society and what brought about these tensions. In their own day, the power and class struggles was between the Bourgeoisie and Proletariat. Furthermore, the BourgeoisieRead MoreThe True Colors Of Capitalism973 Words   |  4 PagesThe True Colors of Capitalism After the formal end of colonialism in 1825, Bolivia would meet a new kind of struggle known as neo-colonialism. Although Bolivia was technically sovereign and independent, its economic and political policies were dictated externally. Internally, Bolivia s leaders acted for the good of themselves rather than the people. Domitila Barrios de Chungara saw the injustices committed against her people and became an outspoken political leader. Her movement shed light on inequality

Wednesday, May 13, 2020

Pros and Cons of Outsourcing - 1004 Words

International Business 14 Feb 2013 Outsourcing Outsourcing is the contracting out of an internal business process to a third party organization. The term outsourcing became popular in the United States near the turn of the 21st century.(6) Outsourcing is big business today even for small businesses. Like every business decision we are faced with the advantages as well as the disadvantages of relocating part or all of a business. Outsourcing is one of the fastest growing trends in business as large-scale organizations have latched onto outsourcing due to the almost immediate savings and quality improvement. (1) Saving money by cutting operating costs, cheaper labor and lowering the cost associated with training is ultimately†¦show more content†¦Bottom line is since 2001 the United States has lost over 2.8 million manufacturing jobs, while expanding its workforce overseas by 2.4 million. It can partly, it can be explained by cheaper workers and in my opinion greed in corporate America. According to a report on outsourc ing â€Å"Manufacturing employment collapsed from 19.5 million workers in 1979 to 11.5 workers in Dec of 2009.†(4) Yes it is a drop in 8 million workers over 30 years. This has taken place in a country whose has a deficit of 1.1 trillion for four years running. It is estimated that by 2015 the number of jobs outsourced could be as high as 3.3 million. The practice of outsourcing has helped many companies in the US and Internationally but it has devastated the American Industry. Comparably well paying jobs are not being created fast enough to make up for positions that were sent offshore. With fewer people working less money is available to spend common items and on bills. The debate goes on and on blaming Politicians, President Regan or President Clinton for outsourcing. (2) Bottom line is it exists and many big businesses and their CEO’s have profited off a great loss to the American people. Outsourcing has damaged our country in ways that I feel the United States may not be able to recover from if a change is not made soon. Works Cited The Costs Associated with Outsourcing - Examining Outsourcing from BothShow MoreRelatedPros and Cons for Outsourcing1710 Words   |  7 PagesThe Pros and Cons of Outsourcing services in the US By Berend Schoute (1713035), student of the VU university Amsterdam. INTRODUCTION Hillary Clinton, I dont know what reality the Bush administration is living in, but its certainly not the reality I represent, from one end of New York to the other. This response came on the statement of the head of U.S. President George W. Bushs Council of Economic Advisers, Gregory Mankiw. He said: outsourcing is just a new way of doing international Read More Outsourcing IT Jobs: Pros And Cons Essay952 Words   |  4 PagesOutsourcing IT Jobs: Pros and Cons In 1973, a monumental shift was prevailing where U.S. companies were sending low skilled jobs within the manufacturing industry to offshore countries to reduce labor cost while maximizing profits. The effect of the jobless manufacturing work force was a shift of those laborers to focus on and perfect the service industry of what it is today (Koch 1). During the high tech recessions of the late 1990s and a nominal expansion of the present time, the InformationRead MoreEssay about The Pros and Cons of Outsourcing3739 Words   |  15 PagesIntroduction This paper is a general overview of outsourcing. It explores when to outsource and what advantages and disadvantages a public manager may face when deciding whether to outsource. I have chosen references to support this text that are both academic and colloquial. Indeed it was a discovery to learn that Outsourcing had become a well-developed academic area of study. My prior study of the subject revolved around personal conversations and non-academic magazine articles. ItRead MoreEvaluating the Pros and Cons of Global Outsourcing3779 Words   |  15 Pagesï » ¿Evaluating Global Outsourcing Introduction Global outsourcing has become a common term nowadays in terms of business as many organizations have been outsourcing, or simply we can say, getting people in other countries to work for them. It is mainly when an organization opens its branch/office in another country and hires people of that country to work for the benefits of their respective organization that is global outsourcing. Organizations from developed countries usually target emerging/developingRead MoreOutsourcing And Its Effect On The American Economy1398 Words   |  6 Pagesof outsourcing. Although outsourcing is financially beneficial to large businesses, it has detrimentally impacted the American economy through raises in the unemployment rate, lost countless tax dollars and compromised the integrity of products received. Outsourcing is a business tactic that consists of moving production of a product to either a sub-tier vendor or moving operations away from the company’s home country in order to eliminate costs. Recently, the most common way of outsourcing isRead MoreAnalysis of Three Videos on Outsourcing967 Words   |  4 PagesCritical Thinking Assignment: Overseas Outsourcing Introduction One of the most polarizing business practices of the last two decades continues to be the decision on the part of businesses to outsource production of their products to third world nations, The are a myriad of benefits and risks to outsourcing, often as diverse as the companies that choose this strategy as a means to compete globally (Beasley, Bradford, Pagach, 2004). The three videos analyzed in the paper have successfully definedRead MoreMabuhay Pumps Company1205 Words   |  5 Pagestheir own a foundry to cast pump housings and assortment fittings to prove their mastery in their line of business, it would be difficult for Renzo to point out that outsourcing their foundry production, would help the company in more ways than they expect, even though it is a huge change from the norm. Renzo believes that outsourcing will lessen expenses, generate more income and save enough money for future use or plans. The company’s president strongly believes that MCP does not need to outsourceRead MoreBenefits Of Outsourcing Supply Chain Management942 Words   |  4 PagesOutsourcing in different countries of the world has grown and is continuing to grow very rapidly, at a recorded rate of 20%-25% a year (Top 10 Risks of Offshore Outsourcing). Because of the many advantages that businesses can gain from outsourcing, there is no certainty that there will be a reduction of outsourcing anytime soon. The main advantage of making this business decision is that the businesses will have more time to focus on the principal aspects of their business, while the third partyRead MoreOutsourcing : Outsourcing And Outsourcing1579 Words   |  7 Pagesâ€Å"Outsourcing refers to obtaining certain services or products from a third party company, essentially sourcing something like accounting services or manufacturing of a certain input to another company. While many think outsourcing refers to using a service provider in another (usually cheaper) country that is not necessari ly the case. Outsourcing can be done to a company that is located anywhere, the location isn’t important.† (Offshoring vs. Outsourcing, n.d.). There are many reason a businessRead MoreThe Advantages and Disadvantages of Outsourcing1442 Words   |  6 PagesWhat are the advantages and disadvantages to outsourcing in the global marketplace? In these times of great globalization where many countries have erased their borders when it comes to trade outsourcing has become an option for many companies. Whether or not to outsource is a key question that companies must consider. According to the Pros and Cons of Outsourcing, â€Å"The decision to outsource or not is a matter of finding the right balance-the balance between managing labor costs, workflow, employee

Wednesday, May 6, 2020

State and Poem Free Essays

Journal: â€Å"Sun in My Skin† Robert Johnson The poem â€Å"Sun in My Skin† is a poem that comprises of a Bahamian man who expresses a love for his Bahamian culture. He portrays what it truly means to be â€Å"Bahamian. Johnson shows love of his culture when he states â€Å"But in my brash vibrating arm the cowbell dances† Also he shows pride in our country considering the state we are in when he states â€Å"And when I go to banquets, the food don’t agree with me†. We will write a custom essay sample on State and Poem or any similar topic only for you Order Now The main focus of the poem is how the writer exquisitely expresses his way of life and how being Bahamian makes him proud. Johnson feels as though being Bahamian is not all about being rich, but to stand up rightfully as people maintaining a peaceful and tranquil Bahama land. The poem also talks about â€Å"rich and cultivated† which means Johnson feels no matter what state, race or situation our country is in, nothing makes him less of a Bahamian. I feel as though the poem is a commemoration of our culture and way of life. How as people, we must fend for ourselves rightfully as â€Å"Bahamians†. I also feel that Johnson had a sense of excitement towards the poem; expressing himself effectively. Other significances are the sun which reflects on our beautiful Bahama land and the cowbells signify the love for our culture and the excitement it brings to the lives of many. The poem â€Å"Sun in My Skin† is one of the many poems that reflect on what it means to truly be Bahamian. How to cite State and Poem, Essay examples

Tuesday, May 5, 2020

Consultant’s Report Of WPP AUNZ Limited †

Question: Discuss about the Consultants Report Of WPP AUNZ Limited. Answer: Introduction: A person always wants to enhance the worth of his or her savings. They always look for various ways through which their invested amount could be enhanced and they could get return and the profit from the market. Mainly, a person looks for the share market and the capital market to enhance the worth of their savings. In this report, as a consultants report, WPP AUNZ LIMITED has been taken into the context. This study has been performed over this comapny to evaluate the performance of the comapny and the industry and Australian market as well. According to this report, an analyst and the investor always have various manner to identify and evaluate the performance of the company. For preparing this report, some of the methods have been taken into the context. WPP AUNZ LTD: WPP AUNZ LTD is a British company which has its operations in various companies including the Australian market. This company is an advertising company. Head office is in London of this company. Currently this comapny has registered its stock into the ASX to trade the shares[1]. Turnover of the comapny is rapidly enhancing (Home, 2017). Currently 205000 people are working with this comapny. The performance of the company depict about positive changes. Valuation of Debt: Debt valuation study has been performed over the WPP ANZ LTD to analyze the debt position of the company. Firstly it has been identified that this comapny raises the short term funds through bank loan and t bills whereas the long term funds are raised by the comapny through equity and bank loans. The position of long term and short term debt are as follows: WPP AUNZ LIMITED 2017 2016 2015 2014 2013 Long term debt 353649000 157100000 107075000 172150000 133009000 Short term debt 0 70000000 100000000 215000 3208000 For analyzing the debt position of the company with the industry data, competitive company of the firm, Regional express limited has been taken into the context. Following is the position of the industry: Regional Express Limited 2017 2016 2015 2014 2013 Long term debt 11591000 14805000 17740000 20416000 222864000 Short term debt 3214000 3071000 2676000 2448000 2235000 According to both the tables of long term ans short term debt of the comapny as well as the industry, it has been found that the long term debt position of the comapny is constant but currently, WPP AUNZ LTD is ignoring the short term debts. According to the evaluation, the short term debt of the comapny is not according to the industry standards and further, the performance of the long term debt is quite similar with the performance of the industry standard. Currently, comapny is using the long term debts only to manage the performance and the position. The cost of debt of the comapny is as follows: Calculation of cost of debt Outstanding debt 353649000 interest rate 4% Tax rate 0.3 Kd 0.0280 This study of debt valuation depict that the comapny is not required to make the changes into the long term debt but comapny could raise the funds of short term debt. Valuation of shares: In addition, study has been performed over the shares to analyze the performance and position of the WPP AUNZ LTD. Firstly, the total cost of equity of the comapny is as follows; Dividend Discount Model Dividend expected 0.014211368 Growth rate 11% Price per share 1.69 cost of equity 11.4918% This depict that the total cost of equity of the comapny is 11.49%. further, various figures of the comapny from annual report, 2017 has been evaluated to analyze the performance of the comapny. 2016-12 2015-12 2014-12 2013-12 2012-12 Revenue 902644000 474066000 451902000 393455000 345665000 Cost of revenue 137412000 78310000 47642000 Earnings 0.07 -0.13 0.11 0.12 0.12 The growth rate of the comapny is 5% and the dividends are announced by the comapny after every 6 months. Currently, the dividend is $ 0.02 which is expected by the shareholders of the comapny[3]. Value of the shares has been analyzed through applying various methods and techniques. The stock price of the comapny must be as follows: Dividend Discount Model Dividend expected 0.0142114 Growth rate 11% Discount rate 59.17% Intrisic Value 0.029289 Share Price 1.69 Overvalued PE Multiple Model Industry PE ratio 9.76 EPS 0.07 Intrisic Value 0.68 Share Price 1.69 Overvalued According to both the methods, it has been found that the stock price of the comapny is overvalued. The performance of the comapny is bad while it has been presented in a better manner to manage the share price of the comapny. For computing, the value of the stock, various internal and external factors has been evaluated[4]. According to this theory, I have found that the constant dividend growth model is more reasonable. This takes into consideration all the related factors and depicts a better result accordingly. According to the understanding and various articles, it has been found that the current methods of identifying the stock price of the comapny are not reliable as they are based on many assumptions, these models must depict the reliable knowledge by taking various other factors into the consideration such as market changes, new deals, diversification, new market, economical changes etc. these factors would offer a better result. Cost of capital: Further, study has been performed over the cost of capital to analyze the performance and position of the WPP AUNZ LTD. Firstly, the total cost of capital of the comapny has been analyzed which is is as follows; Calculation of WACC Price Cost Weight WACC Debt 353649000 0.028 0.29742 0.00833 Equity 835418000 0.11492 0.70258 0.08074 1189067000 Kd 0.08907 According to this, the comapny has raised the funds through equity and debt both, the ratio of debt and equity is pretty fine. According to the table, the total cost of the capital of the comapny is 0.08907[5]. Further, according to the tax policy of the Australian government, the tax rate is 30%. So the debt valuation study and cost of debt of the comapny has been evaluated according to 30%. Additionally, it has been analyzed that the difference exists among the cost of capital and the cost of equity due to the various other factors. The cost of debt and equity has been different due to various internal and external factors. Further, it has been analyzed that the current liabilities of a comapny should not be included into the calculations of cost of capital due to the fact that there are various other ways to calculate the short term cost of the comapny. The main pros of including are simplify the process and the main cons is diluted result. From the calculations, it has been found that the total cost of capital of the comapny is 0.08907 which depict that comapny has to pay at least 0.08907 to the investors and debt holders for the funds. This cost is analyzed according to the total equity weight and debt weight of the comapny. Currently, comapny has analyzed 2 new projects and made investment into them after analyzing the risk and return through the capital budgeting techniques. And the decision of raising the funds has been taken by conducting the study of WACC. Through this, comapny has identified that whether the raising funds from debt and equity would be risk free and the cost would also be less[6]. The current capital structure of the comapny has been set according to the standards. Through the current capitals structure of the comapny, it has been analyzed that the cost of equity and the cost of debt of the comapny is 0.11492 and 0.028 whereas the weight is 0.29 and 0.70 which depict that the comapny could reduce the level of equity a bit to manage the cost as well as the risk of the comapny. The optimal capital structure of the comapny depends over the various factors such as risk, return, economy, comapny, stakeholders etc. the optimal capital structure is the stage where the debt and equity has been raised in such a proportion that the cost and the risk related to the funds are in the control of a comapny. Analysis of Market: Further, the market analyze study has been conducted. The financial performance has been analyzed to the industrys performance. Through the study, it has been found that the financial performance of the comapny is bit better than the industrys performance due to the strategies and policies of the comapny. Yahoo finance (2017) depict that the performance of the comapny is becoming better day by day[7]. AFR (2017) depict that the stock and dividend performance of the comapny is becoming better[8]. Further, the study over Morningstar, 2017 depict that the company is required to make some changes into its capitals structure to reduce the level of the cost and make the comapny more profitable. [9] Conclusion: According to this report, comapny is performing well at every phase. The policies of the comapny are competitive and the comapny is grabbing the market continuously. Through this report, it is depicted to the investor to invest into the comapny for long term as well as short term to manage the savings and get the high return. References: AFR, WPP AUNZ LIMITED, Retrieved from available on 13th Oct 2017, 2017. Bloomberg, WPP AUNZ LIMITED, Retrieved from available on 13th Oct 2017, 2017. Google finance, WPP AUNZ LIMITED, Retrieved from available on 13th Oct 2017, 2017. Home, WPP AUNZ LTD, Retrieved from available on 13th Oct 2017, 2017. Morningstar, RGIONAL EXPRESS LIMITED, Retrieved from available on 13th Oct 2017, 2017. Morningstar, WPP AUNZ LIMITED, Retrieved from available on 13th Oct 2017, 2017. Yahoo finance, WPP AUNZ LTD, Retrieved from available on 3rd Oct 2017, 2017.

Tuesday, March 31, 2020

Heal The World Essay Example

Heal The World Essay Verse 1: Theres A Place In Your Heart And I Know That It Is Love And This Place Could Be Much Brighter Than Tomorrow And If You Really Try Youll Find Theres No Need To Cry In This Place Youll Feel Theres No Hurt Or Sorrow Bridge 1: There Are Ways To Get There If You Care Enough For The Living Make A Little Space Make A Better Place Chorus 1: Heal The World Make It A Better Place For You And For Me And The Entire Human Race There Are People Dying If You Care Enough For The Living Make A Better Place For You And For Me Verse 2: If You Want To Know Why Theres A Love That Cannot Lie Love Is Strong. It Only Cares For Joyful Giving If We Try We Shall See In This Bliss We Cannot Feel Fear Or Dread We Stop Existing And Start Living Bridge 2: Then It Feels That Always Loves Enough For Us Growing So Make A Better World Make A Better World Chorus2: Heal The World Make It A Better Place For You And For Me And The Entire Human Race There Are People Dying If You Care Enough For The Living Make A Better Place For You And For Me Verse 3: And The Dream We Were Conceived In Will Reveal A Joyful Face And The World We Once Believed In Will Shine Again In Grace Then Why Do We Keep Strangling Life Wound This Earth. We will write a custom essay sample on Heal The World specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Heal The World specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Heal The World specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Crucify Its Soul Though Its Plain To See This World Is Heavenly Be Gods Glow Verse 4: We Could Fly So High Let Our Spirits Never Die In My Heart I Feel You Are All My Brothers Create A World With No Fear Together Well Cry Happy Tears See The Nations Turn Their Swords Into Plowshares Bridge 3: We Could Really Get There If You Cared Enough For The Living Make A Little Space To Make A Better Place Chorus 3: Heal The World Make It A Better Place For You And For Me And The Entire Human Race There Are People Dying If You Care Enough For The Living Make A Better Place For You And For Me Chorus 4: Heal The World. Make It A Better Place For You And For Me And The Entire Human Race There Are People Dying If You Care Enough For The Living Make A Better Place For You And For Me Chorus 5: Heal The World Make It A Better Place For You And For Me And The Entire Human Race There Are People Dying If You Care Enough For The Living Make A Better Place For You And For Me Coda: There Are People Dying If You Care Enough For The Living Make A Better Place For You And For Me There Are People. Dying If You Care Enough For The Living Make A Better Place For You And For Me You And For Me You And For Me You And For Me You And For Me You And For Me  You And For Me You And For Me You And For Me You And For Me You And For Me You And For Me INTERPRETATION In the first verse, the message of this song it to persuade all the people to save this world from dying and suffering. The words And if you really try †¦youll fell theres no hurt or sorrow. This sentence fragment can be delivered the meaning that if people try to help the needy children, there will be no sadness or regret for the loss of someone or something loved. They need our care, our love and our attention. There are ways to make the world better if people care about the living. In the second verse. In the third verse, the statement of the lyric †¦Wound this earth, crucify its soul, though its plain to see, this world is heavenly be Gods glow. portrays the religious aspect which means Let God open people’s heart as He sacrifice his life to the people and why shouldn’t you human being sacrifice for yourselves. In the next verse, the quote of the lyric is written, †¦I feel you are all my brothers†¦See the nations turn their swords into plowshares. means that the writer urges people that the spirits of our hearts have no fear inside it that we all will together feel the tears of helping the needy people. No tears of sadness but the tears of happiness. Come people, save this people as they are your family, your brothers. In his lyric, it means that Michael In the second verse, the The reason that I choose this song is because it gives me a strong feeling when listening to it. This song gives each person different interpretation in its lyric. The moment, the feeling, the obsessions are being portrayed Michael sings This sentence fragment can be delivered the meaning that if people try to help the needy children.

Saturday, March 7, 2020

Genetically Modified Food Essay

Genetically Modified Food Essay What does a tomato, soybean, and McDonald’s French fry have in common? They are all some of the most commonly genetically modified foods sold on the market today. By using the genetic information from one organism, and inserting or modifying it into another organism, scientists can make food crops stay fresher, grow bigger, and have the crops create their own pesticides. Nevertheless, the technology to modify genes has surpassed its practicality. Genetically modified foods need to be removed from everyday agriculture because of the threat they pose to human health, the environment, and the impact on global economy. Genetically modified (GM) foods could produce new toxic substances, and/or allergens. A gene from the Brazil nut was inserted into the DNA of a soybean plant to increase the nutritional value of the soybean. However, this particular gene in the GM soybean also produced an allergen (a substance that causes allergic reactions in people). Fortunately, the plant was not put into production (McHughen 119). Another example is of a GM tomato called â€Å"FLAVR SAVR†. The tomato is larger, tastier, and stays fresher longer than commercial tomatoes on the market. Combining conventional tomato genes with the genes of an arctic trout produces the â€Å"FLAVR SAVR†. Nevertheless, questions such as â€Å"Will people with sea food allergies be able to consume the tomato?† and â€Å"Will the trout genes in the tomato enable new bacteria growth, and thereby make the tomato hazardous to eat?† have still not been answered. This causes the â€Å"FLAVR SAVR† to be a po tential hazard to human health (McHughen 14, 112). Since technology is new with regards to genetics, there is no real way of knowing whether genetically modified foods would take a negative impact on the body. An incident that occurred in 1989 concerning the nutritional supplement L- Tryptophan is one way of testing the long-term effects of a GM food (Background on L-tryptophan and 5-hydroxy L-tryptophan and the eosinophilia myalgia syndrome, U.S. Food and Drug Administration). The manufacturer had apparently altered its manufacturing process to speed up production, and had not realized the toxic side effects. However, it caused a potentially fatal illness called Eosinophilia Myolgia Syndrome in which 37 people died and 1500 more were permanently disabled (Background on L-tryptophan and 5-hydroxy L-tryptophan and the eosinophilia myalgia syndrome, U.S. Food and Drug Administration). Therefore, it was taken off the market shortly after the reports of widespread illness among consumer s of the supplement. Another two examples of diseases that have been created by GM crops are glufosinate (Hart 21), which causes birth defects in mammals, and glyphosate (Hart 88), which is now linked to non-Hodgkins lymphoma. Therefore, it is evident that the general public is the guinea pig for GM food, and today’s drugs may not be able to combat the diseases that may arise from eating the food. Superbugs are created when genes transfer from one species to another, and if an antibiotic-resistant or pesticide-resistant gene were to transfer from an organism into a disease creating bacteria, then an antibiotic-resistant or pesticide-resistant bug would be created (Miller 83). This applies to bacteria and viruses that are symbiotically related. Gene modification is indirectly making life resistant to diseases, and these bacteria and viruses will adapt to the new form of life and create new disorders. Furthermore, GM crops may make the â€Å"normal† biological pest spray obsolete. This is because pests will soon develop resistance to the spray because of the widespread planting of GM crops. Nevertheless, superbug pesticides have not yet been manufactured, nor have superbug antibiotics been created (Miller 92). Consequently, the health risks for humans through superbug infections or by eating GM food is very serious, and the consequences that may come about have the potent ial to be life threatening. Genetic engineering of food crops has the potential to affect the biodiversity of a region in effectively two ways. First, wild populations of weed may be replaced by GM crop/weed, due to the GM crop spreading outside the crop field and interacting with natural weed and slowly becoming GM weed. Since GM crops are produced to be resistant to pesticides and herbicides, there is the possibility that they could invade wild grasslands and other places and prosper because of these special characteristics. If this happened, the native grasses would be unable to compete and biodiversity would be lost in these regions. Also, many genetically engineered crops contain anti-viral genes and there is the potential that these genes could combine to form new and dangerous strains of viruses, which could destroy specific crops. Although, to date, there is no direct evidence of these occurring naturally, the potential is clearly increasing (UK Agricultural Biodiversity Coalition. What is happening to Agricultural Biodiversity?). The second way in which the biodiversity of a region is potentially affected is by the decreasing crop varieties that are being planted. This is a problem already existing in agriculture today, and results in a loss of genetic variety within crop cultures. Farmers being forced to use only patented seeds are an example of a potential decrease in biodiversity. If traditional seed varieties are used, farmers will be at a financial disadvantage due to better tasting, better looking crops produced by farmers using GM seeds. In the U.S., and some other countries, laws have been passed and are currently in effect stating that the use of non-patented seeds is prohibited. This will restrict the crops to a few species, leaving them more at risk to new pests that may form (UK Agricultural Biodiversity Coalition. What are the underlying causes of the Losses of Agricultural Biodiversity?). The European community is by far the most anti-GM, so to speak, when it comes to the retail of GM food in their supermarkets (Tackling Food Safety Concerns over GMO’s, Consumer attitudes and decision-making with regard to genetically modified food products). Regulations are being imposed on the European Parliament, individual European nations, and some stores themselves have all imposed restrictions on GM foods. Manufacturers must label all foods that might have genetically altered ingredients. This includes food with genetically manufactured organisms, food with an intentionally modified molecular structure, and food that has been isolated for microorganisms, fungi, and algae. Furthermore, the genetically altered food must not mislead the consumer, present any danger to the consumer, or differ from the food that it is intended to replace so that the altered food is a nutritional disadvantage to the consumer (Tackling Food Safety Concerns over GMO’s, Development of meth ods to identify foods produced by means of genetic engineering). This legislation has now created trade barriers for food coming into Europe some imported food is genetically modified and creates a risk to the people’s health and safety. Nevertheless, because some supermarkets in Europe have decided to be non-GM only, this has created a competitive disadvantage for the â€Å"half†-GM supermarkets. This response to consumer pressure is also having an effect on some companies or countries that cannot meet the legislative needs, and are obliged to lose markets and/or market shares (Tackling Food Safety Concerns over GMO’s, European network safety assessment of genetically modified food crops). If the world finally agrees to the consumption of GM food, European countries will be the last to â€Å"give-in† to the more lenient regulations. If one is to ask a North American if the product he or she is eating contains GM food, he or she will most likely show a blank stare. This is because regulation of GM food in North America is relatively relaxed when compared to Europe (Borger, second paragraph). Since the manufacturer is not required to label their products, the consumer is oblivious to buying GM food at the supermarket. Agriculture and technology are both being heavily invested in the United States. Profit is an important driving force for the developed world, and agricultural exports make up a large portion of exports from the United States (Borger, third paragraph). Since the demand for food is always increasing, the demand to produce more food at a faster rate requires the need for better biotechnology to be put into practice. And because of the lax laws in effect for the United States, and Canada, North Americans are â€Å"in the dark† with regards to what they are eating during their meals. North America ns are not educated about the risks of GM food, nor are they aware of where to find information regarding how much GM food is in their groceries (Borger, 12th paragraph). This poses a serious threat to the potential health of North Americans, as they are nothing but â€Å"lab rats† waiting for their first abnormal â€Å"twitch†. Human health can be seen as the greatest factor when considering the manufacturing of GM food. This is because of the few diseases and viruses that have been discovered which formed through the use of GM food. Also, the potential for new diseases and/or viruses through the use of GM food is increasing, and people are not aware of the risks. Antibiotics or pesticides have not yet been created to combat the superbug, and this is a concern for humans, as it will infect people, and crops altogether. There is a potential for the biodiversity to decrease because of gene transfers from one species to another, creating more powerful crops, which may take over the natural populations of weeds and grasslands. An additional way for the biodiversity to decrease is by farmers planting only a single variety of crop, thus wiping out the varied species needed to keep the diversity within crop fields. Europeans are the most aware of GM food, and are taking the necessary precautions and legislative ac tions to protect themselves against the use of GM food. However, North Americans are the least aware of GM food, and their government has not yet educated their citizens on the risks of GM food. There are too many risks involved in the use of GM food, and its removal from the agricultural and biotechnological industries will benefit human health, the environment, and global economy.

Thursday, February 20, 2020

Rousseau And Marx Can Be Seen As Critics Of The Disenchantment Of The Essay

Rousseau And Marx Can Be Seen As Critics Of The Disenchantment Of The World. How Would They Propose To Re-Enchant The World - Essay Example It was on this, finally, although possibly differently phrased, that the great proto-sociologists, Rousseau and Marx, as well as the founding fathers of the discipline, paid attention to. This revered tradition has been continued on this continent in the form of modernization theory and afterward, somewhat euphemistically, theory of development. The "disenchantment of the world" that modernity launches establishes the experience of hubris at the center of our condition--but without our having to foresee the once unavoidable punishment by the gods. The experience of disenchantment becomes critical for Marx when he is able to see within it the seeds of our capacity to experience a restraint that cannot be surmounted. For Marx, the insurmountable limit that we encounter in disenchantment is none other than our own mortality. It is the experience of a limit that is internal to the contemporary experience of unrestrained agency in which we feel ourselves incapable to remake the world in our own image. Marx's account of disenchantment, thus, does not involve degeneration into a re-enchanted universe but rather remains within the sphere of modernity. (Marx, pp 67-71) In the experience of disenchantment we are delivered into a universe that is approximate to the universe of the Greek tragedies, in which the heroic striving to surmo unt all mortal limits finds its collapse in the very unruly and fickle course that it sets in motion. Rousseau's and Marx's disenchantments, for example, regarding the relationship between the human and the natural not only of their disenchantment experiment itself, but also of his loss of faith in Rousseau's vision of nature and the possibilities of human accomplishment or fascination within it. Nevertheless, one could argue that it is not so much a matter of Kant having cast off Rousseau's visions as of his having come closer to some of the more worrying or vague aspects of that vision. (Watkins, p-15) Like Kant, Rousseau found the relationship between the natural and the human to be disenchantment, arguing that sublimation and repression, the price we must pay to enter human culture, take their toll in fire, war, and other manifestations of violence and aggression. In the ninth chapter of his On the Origin of Languages, for example, Rousseau contemplates the question of what could have driven human beings to exchange a life of nature for a life of language and culture: "the earth nourishes men," he writes, "but when their primary needs have dispersed them, other needs come to pass, and it is only then that they speak, and that they have any motivation to speak". But why, he asks, would they ever quit a life of nature, especially when the "life of language and culture" unavoidably leads to despair and crime: how could they "ever be enticed to give up their ancient liberty" and create a society that "leads to property, government, and laws, and steadily to the misery and crime that are indivisible from the knowledge of good and evil". Such a movement for Rousseau is inseparably associated with the prohibition of incest, the need to