Marxs Term For Capitalist - 1723 Words

Bourgeoisie: Page 10; Marx’s term for capitalist, those who own the means of production. The food production companies have accentually bought the government. If they come up with a plan to produce more food, no matter how harmful it may be to the consumer, the government will not step in to protect the citizen of Americans. As the bourgeoisie owns the industry, this fact has been proven within the video of Food Inc. What is astonishing is that a company was actually able to get a patent on life. How can a company be allowed to monopolize an entire industry? That is depriving people of their basic human right of life, to eat healthy food, food that has not been modified by harmful hormones or genetics. Several of the food production companies give jobs to illegal immigrants and once their services are no longer needed, then the heads of these companies call immigration to have them arrested and deported back to their home country. This in turn saves the company money because they do not have to pay out anything for unemployment wages for laying the employees off f or a period of time. The food industry has really become the bourgeoisie of this century. Proletariat: Page 10: Marx’s term for the exploited class, the mass of workers who do not have the means of production. In this case, this class of workers is the farmers and the people who work in the food production plant. The farmers are forced to purchase seed from a company, which sells nothing expect GMO seed.Show MoreRelatedWhat Does Marx Mean by Alienation? Do You Find His Account Convincing?1466 Words   |  6 Pagesaccount convincing? To begin with I am going to take the definition of alienation from Microsofts Encarta (http://encarta.msn.com/dictionary), to give a basic outline of alienation and then I will discuss Marxs alienation and then later on in the investigation I will see how similar Marxs application of alienation is. Encarta defines alienation as, 1. estrangement: the process of causing somebody to become unfriendly, unsympathetic, or hostile, or somebodys estrangement from or unfriendlyRead MoreMarx s Criticism Of Capitalism1282 Words   |  6 Pagesof 1844, â€Å"the only wheels which political economy sets in motion are greed and the war amongst the greedy - competition.† A capitalist society, defined by the systems of competition and private ownership, is divided into two classes - the â€Å"property owners† and the â€Å"propertyless workers† (701). In this system, workers suffer from exploitation and alienation, while capitalists grow wealthier and more powerful. In 2011, Occupy Wall Street was a mass protest movement that raised issues of increasingRead MoreKarl Marx and Emile Durkeim on Religion1280 Words   |  5 PagesThrough looking at Karl Marx’s application of religion as well as Emile Durkheim’s concepts of religion, it is shown that religion is an ideology that is seen throughout modern society. Although there are many different views surrounding religion, my main objective in this essay is to assess Marx’s claim that Religion is an ideology by focusing primarily on Marx and Durkheim’s views on religion. In order to establish religion as an ideology, we must start by looking at what makes something an ideologyRead MoreThe Communist Manifesto And Das Kapital1151 Words   |  5 Pagesjournalist in the 18th century. He is most famous for his books the Communist Manifesto and Das Kapital. Among his theories he discussed ideas involving the economy, politics, and social relations. Some of his most important phrases most central to Marx’s thinking were alienation, freedom, surplus value, and social relations of production. The new ideas he presented regarding politics and economics, his critiques of other theories and political systems, and the long- lasting impact he had on societyRead MoreKarl Marx History of Economic Thought1454 Words   |  6 Pages Christof Zanecchia 10-992-204 Professor Allgoewer Karl Marx: â€Å"A context for inevitable social revolution† Of particular interest in Rima’s summary and critique of Marx’s background and social/economic contributions is the quote: â€Å"It is not the consciousness of men that determines their being, but, on the contrary, their social existence that determines their consciousness.† Karl Marx, in reference to modes of productionRead MoreMarx s Critique Of Capitalism And Society Essay1705 Words   |  7 Pagesin a capitalist society) can lead to a sense of estrangement or separation of a worker from the product of his labour. In order to demonstrate this theory of alienation, I will examine it in relation to Marx’s critique of capitalist society and will then proceed to talk about the different forms and whether or not the phenomenon is still seen today in contemporary society. In order to understand the concept of alienation and its dimensions, we must first understand how it is related to Marx’s critiqueRead MoreKarl Marx : A German Influential Philosopher And One Of The Intellectual Fathers Of Communism1477 Words   |  6 Pagesthe loss of control over labor. To understand why labor played a huge role in Marx’s theory of alienation, we have to look at Marx’s view on human nature, key ideas, and logic. Marx critique of capitalism, though his work was written over 100 years ago, it is still devastating in the modern world today because the gap between the rich and the poor is increasing in wealthy countries like the United States a capitalist economic system can only result in the massive exploitation of the working classRead MoreThe Claims Put Forth By Henry Giroux1603 Words   |  7 Pagescapitalism, across the world, particularly in the realm of education, and juxtapose them with various Marxist theories, displaying how the latte r can be accurately applied in a thorough analysis of the former. More specifically, I will demonstrate how Marx’s theories dealing with Domination, Alienation, and Historical Materialism aptly tie to Giroux’s assertions. Giroux claims that the contemporary education system discourages the notion of true learning and critical thinking, and is instead a mere avenueRead MoreEssay about Karl Marx and a Capitalist Society764 Words   |  4 PagesKarl Marx and a Capitalist Society Through out history money, wealth and capital have dictated a way of life to the masses. Wealth dictated the lives that the rich lived and the lives of the poor that worked for and surrounded them. In some cultures your class could never be escaped in life, you had to wait for your next incarnation, while in other cultures the idea of wealth transcended a life and allowed for growth from one class to another. This is the reality of a capitalist society that wasRead More Karl Marx Essay1742 Words   |  7 Pageswould have to be abolished to fully reach its full potential as a classless communist society. (Augusto Zimmermann, 2009). As Marxs writings were so diverse and had such great variety, the circumstances under which these writings were written are extremely important to understand. The next few points are to explore Marxs background and the circumstances Marxs writings stemmed from. Marx was born in the Prussian Rhineland, in the town of Trier in 1818. He was born into a wealthy middle class

The Financial Crisis Of The Chinese Stock Markets

After languishing for the past six years after the financial crisis, the Chinese stock markets suddenly took off last summer, becoming a cauldron of voracious buying, selling and spectacular profit-taking. In fact, drawn by the casino-like profits to be made in the boom, more and more small investors flocked to the thousands of brokerage houses that are now proliferating in every Chinese city in order to buy and sell while staring up at flickering electronic data boards charting the rise and fall of equity prices.Stock shares of newly listed companies soared thousands of percentage points within months of their initial public offerings, driven upward by a green and growing cadre of relatively unsophisticated private investors that†¦show more content†¦According to Neil Gough’s Chinese shares tumbles again, â€Å"The main Shanghai share index plunged 8.5 percent on Monday, its steepest one-day drop in eight years. The volatility continued on Tuesday morning, with Sha nghai stocks opening down 4.4 percent.† The Shang Hai Index fall from 5000 to 3500 in one week, and share holders lost more than $3 trillions.Worried about the fallout, the government moved aggressively to prop up the stocks. Authorities suspended initial public offerings, introduced a $120 billion market stabilization fund backed by the central bank, and encouraged executives to buy company shares, which is very similar to what U.S. did in 2009. The fact that Chinese stocks were climbing ever higher while the Chinese economy was cooling should have been an unmistakable warning of a bubble, but it caused surprisingly little concern.Some people claim that this Chinese stock market crisis is the same as 2008’s financial crisis. However, there is a big difference: American’s financial crisis could be described as a byproduct of the neoliberalism trend happened after the 1970s. Over consumption and overdraw from future income is the main cause of 2008’s global crisis, which also greatly affected China’s economy; but today’s Chinese stock crisis has different origin. The soaring up index is a government oriented market boost, not a symbol of recovering economy. It’s a

Techno Tools

Questions: 1. Like many technology companies, TechnoTools operates in an environment of increasing prices. It uses a periodic inventory system. Its reported profits will tend to be highest if it accounts for inventory using the: a. FIFO method. b. LIFO method. c. Weighted average cost method. 2. CROCO S.P.A. sells an intangible asset with a historical acquisition cost of 12 million and accumulated amortisation of 2 million and reports a gain on disposal of the asset of 3.2 million. Which of the following amounts is most likely the sale price of the asset? a. 13.2 million b. 3.8 million c. 15.2 million 3. An analyst is studying the impairment of the manufacturing equipment of WLP Corp.,a U.K.- based corporation that follows IFRS (International Financial Reporting Standards). He gathers the following data on the equipment: Fair value 16,800,000; Costs to sell 800,000; Value in use 14,500,000; Net carrying amount 19,100,000. The amount of the impairment loss on WLP Corp.s income statement related to its manufacturing equipment is closest to: a. 2,300,000. b. 3,100,000. c. 4,600,000. 4. In order to identify possible overstatement of expenses connected to income smoothing, an analyst would most likely be on the look-out for: a. A material increase in expected useful life. b. A material reduction in expected useful life. c. An increased residual value. 5. For the year ending 31 December 2014, Flamingo Products had net income of $1,000,000. At 1 January 2014, there were 1,000,000 shares outstanding. On 1 July 2014, the company issued 100,000 new shares for $20 per share. The company declared $200,000 in dividends to common shareholders in 2014. What is Flamingos basic earnings per share for 2014? a. $0.80 b. $0.91 c. $0.95. Answers: Solution -1: FIFO method is the correct answer for the situations where business operates in the environment of high prices. When a business runs in the environment of surging prices, the latest inventory in the stock will be brought at higher price but as the price are constantly going up, same inventory will sell at higher prices than it was bought. We understand that rise is quick whereas fall of price is gradual and slow. For example, the price of a commodity may rise suddenly in market but it takes to slow down and come normal. Using FIFO method, will result to compensate for the high priced paid for purchasing the inventory and also yield good profits when it is sold at high price. Option a is the correct answer-FIFO method Solution -2: Historical cost of the asset = 12 million and there is accumulated amortization of 2 million and asset is reported to be sold at profit of 3.8 million. Lets go by the formula for calculating the gain or loss. Gain or loss on the sale of asset= Sale proceeds carrying cost -Sale proceeds + carrying cost= - Gain or loss on the sale of asset Cancelling minus (negative) from both the sides, Sale proceeds-carrying cost= Gain or loss on the sale of asset Or in other words Sale proceeds= carrying cost + Gain or loss on the sale of asset Applying the formula in our question: Sale proceeds= (Historical cost- Accumulated amortization) + Gain or (loss)* on the sale of asset. *amount will be in negative in case of loss. Sale proceeds= (12million-2 million) + 3.8 million =10 million +3.8 million =13.8 million. Option a is the correct answer-13.8 million. Solution -3: Impairment refers to the sudden fall or decrease in the value of the asset. There can be any reason for such downfall like asset become outdated or got damaged. Somehow, there is still some recoverable value that come as proceeds if the asset is sold. Impairment=maximum among the recoverable amount* and value in use** minus net carrying amount*** *Recoverable amount= Fair value of the asset-cost to sell For our question, Recoverable amount = 16,800,000 - 800,000 = 16,000,000 **Given in our question value in use= 14,500,000 and ***net carrying cost=19,100,000. So maximum among the recoverable amount* and value in use** is 16,000,000. Thus, Impairment= 16,000,000 - 19,100,000 =-3,100,000. Option b is the correct answer--3,100,000. Solution -4: Some companies are involved in the practice of using the accounting techniques to level out net income fluctuations from one period to another. In order to identify possible overstatement of expenses connected to income smoothing, best possible solution would be to look at the material increase in the expected useful life because with the increase in useful life, there is decrease in the depreciation rate and also there is increase in the income. This practice help the companies to earn good value on their consistent shares as investor have believe in the consistent earnings of the company. Option a is the correct answer- A material increase in expected useful life. Solution -5: Since dividends oncommon stock they are not expenses, they are not reported on income statement. Although dividend on preferred stock are not expenses but for the purpose of reporting the earnings available for common stock, it will be deducted from net income. Earnings per share =Net Income-Dividends on preferred stock Average outstanding shares Net Income as per question = $1,000,000 The company declared $200,000 in dividends to common shareholders in 2014 .As stated earlier, there is no effect of declaration and payment of cash dividend on common stock, and it implies that $200,000 is add-on profit for the company. T Therefore, net income =$1,000,000 + $200,000=$1,200,000 There is no info on dividend on preferred stock so we assume it to be zero. At 1 January 2014, there were 1,000,000 shares outstanding and on 1 July 2014, the company issued 100,000 new shares for $20 per share making total of outstanding shares= 1,000,000+2,000,000=making sum of outstanding shares= 1,000,000+2,000,000=3,000,000 and average of outstanding shares=3,000,000/2=1,500,000. Earnings per share =Net Income-Dividends on preferred stock Average outstanding shares = $1,200,000-$0 1,500,000 = $1,200,000 1,500,000 =$0.80 Option a is the correct answer $.80

Eating Essays - Eating Disorders, Binge Eating Disorder,

Eating Disorders Colleges and universities around the country are reporting an increased prevalence of eating problems among young female students. Difficulties include obsession with food, starvation dieting, severe weight loss, obesity, and compulsive binge eating, often followed by self-induced vomiting (Hesse-Biber, 1989, p. 71). What are the reasons for eating disorders among college-aged women? It is the purpose of this paper to discuss this question and give an overview of several possible answers, determined following an examination of current psychological literature in this area of concern. The reasons for difficulties around the issues of food and eating are myriad and complex. They touch on every aspect of being female, and no single answer sufficiently explains the phenomenon of college students who overeat or undereat as a response to stress. In her book, Anatomy of a Food Addiction, author Anne Katherine calls eating the "great escape" and pinpoints the vulnerabilities of women to childhood origins (1991, p. 70). She believes that girls are taught that they cannot fight or flee. Unlike boys, who have the outlets of strenuous play and fighting to release anger, girls are taught that they must cope within the difficult situation while remaining there. In the girl-child's attempts to find solace in a situation from which she cannot escape, she learns that sweet food will release chemicals that soothe her when she is frightened and angry. Thus, she learns rather early in life that food gives her a way to avoid feeling trapped and overwhelmed. This conditioned response to stress then carries over into adult living, and in situations where the young woman feels overwhelmed, frightened, cornered, confused, miserable, or lonely, the body seeks relief, and the whole organism tries to lead her into a way of release. Even if the woman has made a conscious decision to not overeat in response to stress, the whole person has been deeply trained to eat anyway, and she automatically, unthinkingly reaches for something to eat or drink. This drive for release is almost unstoppable (Katherine, 1991, p. 71). Ms. Katherine describes this strong drive for eating in terms of Maslow's hierarchy of needs--safety and security come far before appearance and artistic taste. Therefore, if the student feels fear or uncertainty (which are common emotions among college students!, it is natural to reach for substances that she has learned give her a feeling of security and safety. Apparently in women who overeat or undereat, there has often been a childhood background of profound deprivation and emotional deficit. Such individuals learned in their families that they were not wanted, worthwhile, or valued. They did not learn to ask for help or to expect their needs to be met. They did not learn healthy ways to handle conflict, difficult emotions, or disappointments. They have not learned that the solution to loneliness is to seek friendship. Such individuals may have been severely abused in their homes and have no knowledge of awareness of the abuse (Katherine, 1991, p. 52). This type of woman may have been screamed at as a child when she expressed a need. She has become accustomed to fear. With such a background, the food addict is a person who expects to only have minimum needs met. She has learned that her needs will probably go unmet, even if she asks, and she adapts. The needs for affection, trust, safety, and honesty do not go away, but they move underground and surface in the adaptive response of food difficulties. Most people who suffer from eating disorders have severe, long-term deprivation in regard to their emotional needs. Leighton C. Whitaker discusses the specific characteristics of the college environment and lifestyle that contribute to the problem of female students with food. The college environment is similar to a family. It may bring demands, attitudes, support systems or lack of support. There are constant concerns with finances, transitions, the physical structure and atmosphere, as well as relationships with faculty, staff, and the other _ 1 students. The academic studies themselves may be unfamiliar and difficult at times. Student support services may not contribute any help to the student who has eating difficulties (Whitaker, 1989, p. 117). Going to college is an important transition for most students, and a~sizable number of freshmen experience leaving home for the first college semester as traumatic. The persistent, unrecognized dependency on parents and their lack of experience in making decisions on their own cause problems of functioning in the less-controlled college environment. Living in a dorm or apartment with other college individuals means getting along with others, withstanding the normal comings and goings

Free Essays on Alexander Calder

Alexander Calder’s â€Å"Ghost† in Relation to his Life and his Art Alexander Calder’s â€Å"Ghost† conspicuously hangs above the Great Stair Hall at the Philadelphia Museaum of Art. The gigantic mobile is dwarfed by its surroundings, and seemingly defies gravity as it floats and spins high above the heads of the museum’s visitors. It is surprisingly ambiguous for its size and its enormity (though it is not at all his largest work). Calder, in the early thirties, created the mobile (PBS ONLINE), an ever-changing sculpture that dances and spins by no more than a breath of air (Baal-Teshuva 5). Although he is predominately famous for his moving sculptures, in his lifetime Calder did produce more than 16,000 catalogued works (5). He primarily worked with wire and metal, but also experimented with wood, paint, gouache, paper and just about anything he could find. But it was Calder’s mobiles that changed the face of plastic art, which for centuries had been considered static and motionless. Sculpture was, consequently, the opposite of the mobile, which is fleeting and naturally changeable. Alexander Calder was a founder and a pioneer of kinetic sculpture (5). â€Å"Ghost,† the work, is as curious as the artist himself. With unlimited energy, Calder experimented with every kind of material capable of being sculpted. Working in the third dimension (with mostly primary colors or black and white) Calder was able to bring joy and fun into his artwork (6). Although his mobiles are merely metal plates attached to moving wires, he was able to create complex, endlessly fascinating kinetic sequences through the use of balance and abstraction (PBS ONLINE). In a time of relentless artistic upheaval, Alexander Calder’s vision of modern art concerned itself with a somewhat taboo topic in the world of art – fun. Calder ignored the formal structure of art, and in doing so, redefined what art could be (PBS ONLINE). His muse was the ... Free Essays on Alexander Calder Free Essays on Alexander Calder Alexander Calder’s â€Å"Ghost† in Relation to his Life and his Art Alexander Calder’s â€Å"Ghost† conspicuously hangs above the Great Stair Hall at the Philadelphia Museaum of Art. The gigantic mobile is dwarfed by its surroundings, and seemingly defies gravity as it floats and spins high above the heads of the museum’s visitors. It is surprisingly ambiguous for its size and its enormity (though it is not at all his largest work). Calder, in the early thirties, created the mobile (PBS ONLINE), an ever-changing sculpture that dances and spins by no more than a breath of air (Baal-Teshuva 5). Although he is predominately famous for his moving sculptures, in his lifetime Calder did produce more than 16,000 catalogued works (5). He primarily worked with wire and metal, but also experimented with wood, paint, gouache, paper and just about anything he could find. But it was Calder’s mobiles that changed the face of plastic art, which for centuries had been considered static and motionless. Sculpture was, consequently, the opposite of the mobile, which is fleeting and naturally changeable. Alexander Calder was a founder and a pioneer of kinetic sculpture (5). â€Å"Ghost,† the work, is as curious as the artist himself. With unlimited energy, Calder experimented with every kind of material capable of being sculpted. Working in the third dimension (with mostly primary colors or black and white) Calder was able to bring joy and fun into his artwork (6). Although his mobiles are merely metal plates attached to moving wires, he was able to create complex, endlessly fascinating kinetic sequences through the use of balance and abstraction (PBS ONLINE). In a time of relentless artistic upheaval, Alexander Calder’s vision of modern art concerned itself with a somewhat taboo topic in the world of art – fun. Calder ignored the formal structure of art, and in doing so, redefined what art could be (PBS ONLINE). His muse was the ...

Respond to the discussion about Aristotle (for online Essay - 2

Respond to the discussion about Aristotle (for online class-introduction to Ethics) - Essay Example And yes, she is already being virtuous by helping the underground escape group. That is indeed, in itself, a very risky job to do. 2. Your perspective is right, but your interpretation is slightly controversial. I agree with you that by remaining silent, she is doing a right thing. However, you must realize that she will be in no less pain if she gives a â€Å"shut up† call to the bookstore owner for humiliating her religious beliefs. Whether she speaks up, or she remains silent, she is bearing pain either way and is being courageous and virtuous as long as her intention is to save other Jews that depend upon her for help. 3. You have provided a very comprehensive analysis of either of the two decisions, the lady could have made, and have rightly justified the benefits of remaining silent in comparison to opening up. However, I do not agree with you when you tend to make the lady join the bookstore owner in his malicious intentions and wording against the Jewish community, be that apparent or for a positive reason ultimately. As the case explains, the lady is only a low level worker at the bookstore. Therefore, if she tries to let the owner know that she holds similar views about Jews, it will only make the owner suspicious about her.

A problem in the career field- Finance Assignment

A problem in the career field- Finance - Assignment Example arguments that oppose the practice and support the practice in order to provide a well-balanced analysis of whether the activity should be allowed to continue in contemporary finance. The article suggests that this activity potentially gives some investors an unfair advantage which disrupts the efficiency of a free market economy. On the other hand, there are other proponents of insider trading that suggest the practice enhances entrepreneurial innovation and creativity. Ma & Huey-Lian suggest that the reason for this conflict is that there is no solid definition of what actually constitutes insider trading activities, which leads to irrational judgments that the practice is unethical. In an attempt to rectify this confusion, the authors provide a rational definition to assist the reader in determining whether we should still, today, consider the practice unethical and immoral. The authors of this article point out that it is common practice for investors to buy large quantities of a company’s stock in order to gain control over voting rights and corporate decision-making. It is common, in the future, for buyers of common stock to sell these securities as a means of diversifying one’s personal financial portfolio. Ma & Huey-Lian offer that there is nothing unethical or immoral about this practice since it is a widely-accepted practice in the investment world. Whether or not the investor bought the stock based on their own evaluations and perceptions or through insider-generated knowledge would then seem to be irrelevant in determining the morality of the activity. The investor would still own majority stock in the company, which gives them control, and always have the right to sell these products when they are no longer satisfied the investment is conducive to their financial needs. In concluding remarks, the main point of this article is to highlight that ethics are not universally-endorsed. The authors make a special point to highlight that before society