Self-employment in Do the Right Thing Essay -- Working Films Movies Ca

Self-employment in Do the Right Thing Self-employment is often confused with capitalism. This is because the word capitalism has come to mean "free markets" and "free enterprise," rather than a specific type of economic system. However, the conflation of the term capitalism with these other terms reduces the concepts available for doing social scientific analysis. We need to be able to identify the traditional capitalist system: a system based on free wage labor creating products that are owned by capitalist directors who are distinct from these original wage laborers. Self-employment is then distinct from this capitalist economic system precisely because it is based on free independent labor creating products that are owned by the individual direct producers. In other words, a self-employed laborer is very different from a capitalist laborer. This difference is, without question, of great consequence and worthy of social scientific analysis. Most past conceptions of the self-employed direct producers have regarded this unique economic system as of only minor importance (if even that) in a world dominated by feudalism and/or capitalism. However, historically self-employment has played an important role in many societies, including the United States, and continues to do so today. The relative prevalence and particular types of self-employment in society influences other social processes, including political processes, cultural processes, and individual psychology. In a society where self-employment exists, it is simply not possible to adequately understand and explain social change in the absence of a concept of self-employment (and a concept that is clearly distinct from other types of production and distributio... ... way that is very different from the relationship between producer and product in other class processes. It is, therefore, all the more tragic in the film when the pizzeria is destroyed. It is not simply the destruction of a work place, but the destruction of Sal's identity as a self-employed producer (although this identity can, persumably, be resurrected in a new structure). For Mookie this is better than harm having been done to Sal, the person, and this is why he redirects the hatred of the crowd away from Sal and his sons to the building. But for Sal, it is difficult to take a great deal of solace in this diversion (although in the end, he seems to harbor no ill will towards Mookie, perhaps because he understands the context in which Mookie threw the garbage can through the pizzeria window) because some essential aspect of his identity has been destroyed.

Ascent of Money

The Ascent of Money – Individual Essay ECO/372 October 10th, 2012 The Ascent of Money – Individual Essay The Ascent of Money written by Harvard Professor Nail Ferguson as a way to converse about â€Å"The Financial History of the World† (Ferguson, 2009). Ferguson describes the increase and development of economics concentrating on insurance, financial institutes, and the bond market. Ferguson reveals the method in which history can enlighten our comprehension of the existing economic predicament for American worldwide domination or control.Ferguson's main premise is that these institutions, which are highly criticized these days, are vital for the success of the capitalist system. Stock markets allow companies to raise money in order to expand their businesses and by that create jobs, or provide services in which the consumer is interested in. In the process, the quality of life of the people, who got hired or received better services, has improved. The banking s ystem achieves a similar goal, but in a different manner.The banking system acts as the middleman, between the person who wants to lend money and the person who wants to borrow money. Doing so, helps to allocate better capital into places where it is more needed. In the episode entitled â€Å"Risky Business,† Ferguson observes the origin of the insurance trade in Europe; how catastrophes similar to Hurricane Katrina depicts dilemmas in risk management, how countries like Japan and Chile administer risk for their people; and the large rewards that can be accumulated through risk with hedge funds (Ferguson, 2009).The position of jeopardy engaged in the insurance industry. Comprises the incapability to cover-up the payments owing from the disaster rooted by Hurricane Katrina; the source of the insurance trade; how Japan converted into a wellbeing state, and it’s penalties in the current day; Chile leaving from the welfare state model in the 1970's; the unoriginal market, and the unusual riches it has led to as well as the implosion of such firms as AIG (Ferguson, 2009). Life is a serious of ups and down and somewhat risky at times.This is the reason the individuals take out an insurance policy on their homes, vehicles’, and themselves? There are movements’ when the unforeseen tragedy happens and the state steps-in to help. When the disaster with Hurricane Katrina occurred, Ferguson visited the site to inquirer why the market can’t offer sufficient safeguard against disaster. His journey takes him to the beginning of contemporary insurance at the start of the 19th century to current date insurance issues (Ferguson, 2009).Insurance is a risky business and mainly used to evade against the peril of a dependent of unforeseen events. Insurance is distinct as the evenhanded move of the danger of a defeat, from one unit to one more, in trade for compensation. An individual that is an insurance agent or broker is an individual that sells insurance policies from vehicle policy to a homeowner’s policy. The insured, or policyholder, is the individual or person purchasing the insurance plan or policy. The quantity to be priced for a definite sum of insurance coverage is called the premium.Risk management, is an exercise in appraise and manage the risk factors, and has developed as a separate subject of learning and observation (Ferguson, 2009). The contract engages the insured to assume assurance and identified comparatively in a small amount in the shape of fee to the insurer in trading for the insurer's pledge to reimburse (assure) the insured in the situation of a monetary (individual) demise. The insured obtains an agreement, called the insurance policy, which fine points the stipulations and conditions under which the insured will be financially compensated.Risk management is the classification, appraisal, and prioritization of risks pursued by synchronized and inexpensive request of capital to diminish, ob serve, and manage the likelihood or collision of fateful measures or to capitalize on the understanding of opportunity. Perils can occur as part of doubt in economic markets, development failures, lawful liabilities, natural accidents, and disasters as well as assaults from an opponent or enemy or even from unforeseen causes.The strategy to supervise danger naturally is to include moving that danger to different individual, evading the danger, plummeting the harmful results or likelihood of the danger, or still tolerating little or the entirety of the possible or real penalty of a specific danger. Particle characteristics of risk management principles have been praised and analysis for possessing no quantifiable enhancement on risk, whether it is self-confidence in estimation and judgment. ConclusionAlthough risk management and insurance are directly linked, insurance by itself is not totally risk management. Risk management is extreme expansive and consist of the theories dealing w ith evading, stopping, and reducing cost and damage. Risk management focuses on additional means than insurance for removing the monetary penalties of items lost in a disaster. References: Ferguson, Niall (2008-11-13). The Ascent of Money: A Financial History of the World. Retrieved from The Penguin Press HC. ISBN 978-1-59420-192-9The Ascent of Money. (2009). Risky Business. Retrieved from http://video. pbs. org/program/ascent-of-money/ The Economist (2008). A Financial History of the World. Retrieved from http://www. economist. com/node/12376642 Ferguson, Nail 2009). The Ascent of Money: A Financial History of the World. Retrieved from http://www. youtube. com/watch? v=4Xx_5PuLIzc Cornell University Risk Management & Insurance. (2005). Welcome to Risk Management & Insurance. Retrieved from http://www. risk. cornell. edu/

Corporate Social Responsibility And Business - 2249 Words

Introduction As we all know, corporate social responsibility is a discipline in business practices. This is one of the business practice sector that is most demanding and constantly changing sector in business enterprise. Because of these demanding tasks that corporate social responsibility has posed on business, business leaders or stakeholders has been faced with the responsibility of bringing a favorable environment for business activities. The prospect of corporate social responsibility became famous in the 1960s. Many companies have used this term in an unlawful manner to benefit the business responsibility rather than overall business welfare, which it is meant for (Ferrell 2014, pp. 3-17). Corporate social responsibility in its†¦show more content†¦This also promotes a strong relationship between stakeholders and its communities they operate. Hence, it has made Canadian business activities to improve access to loanable funds and promote the well being of its citizens. CRS aim is to help an organization to accomplish its mission and goals set for themselves. It also helps the organization to stand out among its equal. The CRS aim is to encourage business enterprises to create positive impact in the business environment and create a forum in which the stakeholders will be able to interact with its consumers, investors, employees and the communities as a whole (Benson 2014, pp. 1636-1663). Many researchers has argued that the sole aim Corporate Social Responsibility is to increase long term profit through developing a high public relationship rather improving high ethical standards in the business which reduces risk. Business ethics in this contest aims at proper evaluation of moral, norms and ethical principle problems which may arise in a competitive business environment. The acceptable international standard for CRS is the ISO 2600. Many public sectors organizations adopt the accounting framework to examine organizational structure and performa nce of the business in other aspects to add business values. It is widely view that CRS adopts the same principles, but not basically on the legal