Many people have said history tends to repeat itself. Others have said that we learn from the mistakes of the past. After reading the text and the articles provided on the Gilded Age, view the...

1 answer below »

Many people have said history tends to repeat itself. Others have said that we learn from the mistakes of the past. After reading the text and the articles provided on the Gilded Age, view the political cartoons presentation. Choose one of the provided images or another Gilded Age cartoon that speaks to your interests, then write a short essayanswering the following questions:


What is the author trying to convey in this picture? Is the author correct in their point of view? Why or why not? Could this image be used today to criticize the current culture/economy/government? Fully explain your answers and give specific examples when needed.






*****Your short essay should include references to the textbook, as well as the articles included in the Lesson. If you choose to reference the material directly (quote them) be sure to include the source and page number. Your essay should be at minimum 300 words, typed.




Textbook:





America,A Narrative History
,10th edition, by David Emory Shi, W.W. Norton Publishers - Ch 19




Article: Is income inequality 'morally wrong' 1 “Is income inequality 'morally wrong'?” John D. Sutter, CNN, July 25, 2013 It's getting harder to shock people with stats about income inequality. Americans know they live in a two-tier country -- one where the uber-super-ultra-rich are leaving the rest of us behind; where, as Michael Moore famously put it, 400 of the richest people control the same amount of wealth as 150 million others; where, as President Obama said in a speech on Wednesday, the "average CEO has gotten a raise of nearly 40% since 2009, but the average American earns less than he or she did in 1999." "Even though our businesses are creating new jobs and have broken record profits," the president said in his prepared remarks, "nearly all the income gains of the past ten years have continued to flow to the top 1%." 1%, 2%, red percent, blue percent. At a certain point, these numbers bounce off our foreheads. That's why I found it particularly refreshing that Obama, however briefly, argued this week that America's growing income inequality is "morally wrong." The fairness of the widening rich-poor gap, or the lack thereof, has been discussed far less than the number soup. Yet it's a crucial question -- perhaps the central question -- for America to consider. The fairness gap is the basis for a wide range of policies, from the tax code to education; health care to the minimum wage. So is extreme inequality amoral? To think this through, I called up four smart people -- Nigel Warburton, a freelance philosopher and writer, and host of the (wonderful) Philosophy Bites podcast; Arthur Brooks, president of the American Enterprise Institute and author of "Wealth and Justice"; Thomas Pogge, director of the Global Justice Program at Yale; and Kentaro Toyama, researcher at the University of California at Berkeley. Each offered a range of interesting and nuanced views. But to make this column as un-wonky as possible, I've broken down their arguments into a few, (hopefully) easy-to-chew-on talking points you can use to fight about inequality with your friends. Bring these up at your next dinner party and let me know how it goes. Inequality isn't a moral problem; opportunity is In this school of thought, it doesn't matter if the mayor of New York City is worth $27 billion (he is) as long as everyone in the city has an equal chance to succeed. That's the view of Brooks, from the American Enterprise Institute. I asked him about that city, which is more unequal than any other metro in the U.S. "The truth is there are a lot of really, really wealthy people there. Great! That's a morally neutral concept," he said. But not all of them have an equal opportunity at success, he said, in part because schools don't perform well in all neighborhoods. That's morally bankrupt. (Check out this wild map that shows the chances a kid at the bottom of the income ladder would have of climbing to the top. In Atlanta, where I live, a kid in the bottom fifth of income earners has only a 4% chance -- 4%! -- of making it into the top fifth of income earners.) Fix economic mobility, Brooks said, not inequality. And let the rich do their thing. Inequality turns us into 'Downton Abbey' Article: Is income inequality 'morally wrong' 2 This isn't just about income; it's about class-based psychology. Extreme income inequality, even if it's derived from a fair playing field, can lead to a society where the rich look down their noses at the poor and essentially force them into positions of servitude, a la "Downton Abbey." "It undermines the social fabric," said Pogge, the Yale professor. He told me this idea comes from a University of Michigan philosopher, Elizabeth Anderson. "It basically creates a multi-class society -- a society in which you have people who have to flatter and endear themselves and have to be servile. And other people dominate." Wealth is rad; human suffering isn't Imagine a society in which the poorest people are very solidly middle-class by today's standards. They have enough to eat; they have jobs that are stimulating and thought-provoking; they have comfortable lives and can afford to go to movies and all that. Meanwhile, some people are extraordinarily rich -- like way richer than Gates or Buffett. Is that fair? Is it moral? Yes, said Toyama, the UC Berkeley researcher. Eliminating suffering is what matters most. Beyond that, extreme wealth is an incentive for people to work harder. "Morality, on some level, is the avoidance of suffering," he said, "or at least the decrease of suffering. And where, in the United States, we have the financial wealth to be able to address everyone's direct suffering, the fact that we're not doing so is the basis for claiming that something is morally wrong." Extreme inequality ruins democracy It's no secret money rules politics in America. Team Obama spent $1.1 billion to win the 2012 presidential race. When inequality becomes extreme, it undermines democracy, as the late philosopher John Rawls and others have argued, because it creates unequal access to the political system and to positions of power. One person, one vote -- yeah. But one person with millions to spend has much more influence. "What is problematic in the United States is the political system ... is one that is quite substantially dominated by those people that have money," said Pogge, the Yale professor. "They can, in the American system, yield a substantial amount of influence on the legislation through lobbying and therefore expand their advantaged position." Jesus wants us to be poor In the Biblical tradition, there are parables and sayings that cast the rich in a negative light, implying it's wrong to hold too much wealth, especially if you're not using it to help less fortunate people. See Matthew 19:24: "Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God." "There's something immoral, from the Christian perspective, about being very rich," said Warburton, the author and podcaster. "That's explicit." (Warburton happens to be atheist, by the way.) The size of the rich-poor gap matters Some inequality is acceptable to pretty much everyone these days. No one is arguing for a fully equal society. But the degree of inequality really does matter when you're trying to determine whether inequality is moral or amoral, said Pogge, the Yale professor. When extreme inequality sets in, that's when social and political problems follow. His best estimate for a fair distribution is the Palma Ratio, which measures how much income the top 10% earns compared to the bottom 40%. Ideally, those amounts would be equal, meaning the country Article: Is income inequality 'morally wrong' 3 would have a Palma Ratio of one. According to a calculation cited by the Danish Institute for International Studies, the United States has a 2010 Palma Ratio of 1.852, which is about the same as Burkina Faso but not as bad as China or South Africa. (In an earlier version of this column, I incorrectly estimated the U.S. Palma Ratio based on wealth instead of income. I should have let the experts handle that, and I regret the mistake). By Pogge's assessment, that means inequality here is too high. Negative consequences for our society will result. Inequality is bad if the poor don't benefit, too I'll end this list back on John Rawls, the philosopher whose 1971 book, "A Theory of Justice," is a must- read (or at least a must-become-familiar-with) for people interested in this topic. One of Rawls' theories is that inequality can be justified only when it benefits everyone in society, particularly those who are most poor and vulnerable. If Rawls were creating a society from scratch, he would design it so that, in his words, "social and economic inequalities ... are to be to the greatest benefit of the least-advantaged members of society." If the rich making more will help the poor be better off, too, that's cool. If not, it's unfair, or amoral. For real-world reference, here's a quick look at CEO pay in the United States, from the AFL-CIO: The average S&P 500 CEO compensation in 2012, according to that labor group, was $12.3 million. A worker? $35,000. Do the poor benefit from that disparity? Does everyone? Anyone? I'll leave you to fight about that in the comments. Article: The Richest of the Rich 1 “The Richest of the Rich, Proud of a New Gilded Age” Louis Uchitelle, New York Times, July 15, 2007 The tributes to Sanford I. Weill line the walls of the carpeted hallway that leads to his skyscraper office, with its panoramic view of Central Park. A dozen framed magazine covers, their colors as vivid as an Andy Warhol painting, are the most arresting. Each heralds Mr. Weill’s genius in assembling Citigroup into the most powerful financial institution since the House of Morgan a century ago. His achievement required political clout, and that, too, is on display. Soon after he formed Citigroup, Congress repealed a Depression-era law that prohibited goliaths like the one Mr. Weill had just put together anyway, combining commercial and investment banking, insurance and stock brokerage operations. A trophy from the victory — a pen that President Bill Clinton used to sign the repeal — hangs, framed, near the magazine covers. These days, Mr. Weill and many of the nation’s very wealthy chief executives, entrepreneurs and financiers echo an earlier era — the Gilded Age before World War I — when powerful enterprises, dominated by men who grew immensely rich, ushered in the industrialization of the United States. The new titans often see themselves as pillars of a similarly prosperous and expansive age, one in which their successes and their philanthropy have made government less important than it once was. “People can look at
Answered Same DayMay 11, 2021

Answer To: Many people have said history tends to repeat itself. Others have said that we learn from the...

Arundhati answered on May 14 2021
138 Votes
Inter-relation Between Ethical Corporate Compliance and Legal Corporate Compliance
Contents
Introduction:    2
Importance of Legal Governance Compliance (Student 1):    2
Importance of Ethical Corporate Compliance (Student 2):    3
Inter-relation Between Ethical Decision making and Legal Corporate Compliance (Student 1 Argument):    4
Why Legal Corporate Governance Compliance is Relevant (Student 2 Argument):    6
Conclusion:    7
Reference:    8
Introduction:
In the moder
n day corporate environment, the process of executing a corporate governance system has changed by a huge margin because of the influence of various external factors. During the last decade, technological advancement has completely changed the process of conducting business operations, and new dimensions have opened up in front of the private entities. Advancement into the communication process has resulted in globalization, as this has helped the organizations to conduct their business operations to the larger global market place (Brockway.et.al. 2013). Though, the sudden change into the market place has forced the governing bodies to make a drastic change into the legislation which has also affected the business operations of the large multinational organizational organizations to a great extent. This change in the governing bodies has forced the large organizations to consider the legal aspect of their business operations, which has resulted in a huge shift into legal compliance as well. Legislation can impact the existing business operations of a large organization through multiple aspects, like the way they hire or treat the employees, tax legislation, and various other aspects of the business operations.
Importance of Legal Governance Compliance (Student 1):
The term legal compliance signifies the internal process of the organization, which considers the legislation of the governing bodies and helps the organization to conduct the business operations without violating the legislation. In this context, the business operations of Nike can be considered (Brammer, Jackson, and Matten, 2012). Nike is considered to be one of the major fitness product supplier and manufacture, and this organization conducts its business operations by following all the legislation of the state. Though a detailed study of the business operations of Nike reveals that this organization doesn’t manufacture all the products in their in-house manufacturing unit, rather this organization outsources the products from the third world countries like Vietnam, Bangladesh, Pakistan, and India. This organization only pays the supplier for the products, and the products need to pass their strict quality control process and then they distribute the products in their regional hubs for branding and distribution. This organization conducts its business operations in more than 100 countries, and directly this organization has never witnessed a violation of the law. But, a detailed analysis of the business operations of Nike showcases that legal compliance is required in order to conduct the business operations in an effective efficient manner in a specific territory.
Importance of Ethical Corporate Compliance (Student 2):
In this context, ethical corporate governance compliance needs to be discussed as well. following the legal guidelines, or the legislation of the state don't convey the meaning that the organization is also following an ethical code of conduct or conducting their business operations with their social responsibilities simultaneously. With the globalization movement, global exposure has been opened up to the individuals and organizations as well. constant exploitation of natural resources and profit-making mentalities has not only resulted in various environmental damage, but it has caused serious damage to the society and community members as well. in this context, following only legal guideline is not sufficient to achieve a sustainable model of development and ethical method of business operations needs to be introduced (Aguilera, and Crespi-Cladera, 2016). In this context, the case of Nike needs to be analyzed. With the prior discussion, it has been seen that every organization needs to follow the legal guidelines in order to conduct their business operations in an effective manner, but this may not convey the meaning that the organization has followed its social responsibilities as well. multiple detailed reports about the business operations of Nike has revealed that this organization doesn’t reveal the list of its suppliers because of multiple reseasons. The primary reason is to maintain its competitive edge, as revealing its third...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here