Contexts for Contemporary Business Paper

It is by helping to produce these anyday benefits that iniquitys last lead to intimately. Madeleine writes, Private vices may be do public benefits with skillful management by a wise politician (ibid. , volume 1, p. 169). Certainly one could cope that the very nature of the human condition is that we all be discomfit by sin and it is through this sin that things like esurience, avarice, and insatiability arise and evidence themselves in the form of Emcees.Are there any differences in the degrees to which vice and voraciousness that occurred during Mandibles generation were committed versus ice and greed committed by members of show up day societies? Does Mandibles vision regarding the concept of vice and the way it helped to produce public benefits at the turn of the 17th century in England, still bound true in our modern-day, orbiculately oriented night club? I jut that societal vice in the context of a modern-day, global outgo thrift is unfeignedly some(pren ominal) to a spectacularer extent harmful and detrimental to societies, and to universe economies as a safe and sound, than it is advantageous.I also propose that present day vice, greed, and decadence executed in the monetary human being by politicians, dockworkers, bankers, and other all-important(a) members of confederacy in positions of power ar immediately able to be practiseed and executed on a over frequently epicr and more(prenominal) than than than baneful direct than Madeleine probably ever dreamt of. The vice and greed of the investors and the ordinary citizens be detrimental because their actions help fuel the much larger system as a whole. In essence, all investors wee the vice of greed and the primer they invest is to improve their pecuniary condition and slur.While there atomic number 18 umpteen indefatigable community who prudently and cautiously invest their property, here ar also similar people who blindly and speculatively invest th eir money in the hopes of qualification exorbitant profits. I liken both groups of individuals to people who argon working in the wine cellar of an extravagant mansion, throwing logs into a large erectside. The mansion could be compargond to the global fiscal machine throughout the world and the people throwing the logs into the fire are the small investors in this great machine. some invest a few logs into the fire while others invest more logs.Both have the desire and greed to get warm, gain riches, and improve their financial condition. In Mandibles day, blush though every member of caller had greed and vice in them, the financial open fireplace of this large mansion was much smaller and not as interconnected with other financial mansions, as in a contemporary, globally connected world. The real problem arises when the bankers and stockbrokers who are working at higher levels of the mansion, take the benefits of the hard work that has occurred in the basement, and the n greedily invest this hard work in the hopes of making even more money.The bankers and stockbrokers are managing each of these large financial houses and have few legal or moral constraints primed(p) on them. In a global economy all of the financial houses are placed very closely together and interconnected to each other through a very sophisticated set of phones and computers. The bankers and stockbrokers use this elabo straddle communicating mechanism the trade heat back and forth as makeed, with tiny regard to the potential contr everyplacet effects it could have on the basement investors.This scenario works reasonably well as long as the fireplace is in good working order and there is a need for heat. Each investor in the basement happily places logs in the financial fireplace with little regard to the negative consequences hat could occur. I refer to these negative consequences as the book print that is included with all investments the same fine print that many investors never read because it is simply as well as conglomerate to understand.The problems can arise if the financial fireplace becomes damaged, if the fire in this fireplace becomes too heated up, or if the outside economic climate changes and the heat of the fire is no longer needed. If the fireplace becomes damaged because the fire was too hot and had too many investors, the resulting damage could burn down the entire financial house. This loud cause every house in the financial similarity to also burn down because all of the houses are placed so closely together in a global setting.Publics attitudes reflect their economic reality and the global downturn that started after 2007 has had a profound equal on many countries economies. Annual growth rates have slowed over recent years in most nations surveyed. This slowdown has been particularly solemn in the advanced economies, which had a median annual growth rate of 3. 5% in 2007 plainly Just 1. 4% in 2012. outgrowth has also de clined in the developing economies (median of 6. 8% to 3. %) and the emerging markets (median of 6. 3% to 3. 9%). Now placed closely together and are reliant on each other. Theater is cold and heat is needed from the fireplace, but when the stomach warms and the need for heat slows down very closely they were Many hardworking people at the lower levels are the low level investors are similar to people who are throwing logs into a fireplace in the hopes of achieving Advancements in technology, evolutions in the complexity in which money and liquid capital are bought, sold, and exchanged on the international market, and the ever increasing rules and regulations that govern he national and international financial markets are all factors that are affright and alarming.In 2003 Rabbi Benjamin Belch wrote about greed in his book, Taking business line a uncanny Guide to Rising Above Lifes Financial Ups and Downs the pursuit Greed will always leave you dissatisfied because youll never b e able to get everything you desire. Greed never allows you to think you have affluent it always destroys you by making you strive ever harder for more. I count it is this overwhelming desire of greed that leads many people to undertake outlaw(a) and moral conduct which eventually lead to immoral and depraved behaviors.During Mandibles time, do vice and illicit behaviors were limited by the constraints of technology, limited access to financial markets, and by rudimentary forms of transportation. Banking and economic systems were definitely much more circumscribe than they are in todays global economy. Insatiability and greed which lead to vice are the same today as they have been throughout human floor however the method and means used to actually implement this greed and vice has changed immensely since Mandibles time.Technology has advanced at an unheralded pace in Just the last one hundred years alone. With the development of the world- considerable internet, advanced sat ellites and global positioning systems financial transactions and business relations are able to be performed on a more wide-spread cuticle, much faster than ever before. It is by increasing the ease and speed with which global financial transactions occur that societal problems can arise.Modern- day financial managers and bankers can buy and sell currency and trade stocks and bonds quickly, using merely the touch key of a computer. This rapid advancement in genealogy coupled with interconnected global financial and economic markets makes all the businessmen and bankers from the various countries throughout the world much more interdependent on each other than in Mandibles time. Madeleine, who was born in 1670 and died in 1733, probably never envisioned how easy it would be to be corrupt and perform vice on such a grand scale. iniquity involving financial matters is at a time able to be completed much easier and faster than in the ago and, since it is done on a much more wide-s pread scale, it has the potential to more negatively affect all members of order. Subsequently our current global economy and financial markets are much more inter-connected and since vice is able to now be completed on a much larger scale than ever before, the chances of economic and fiscal collapse are also much greater than in Mandibles time.In The grumbling Hive Or Knaves Turned beneficial Madeleine writes, olibanum every part was full of vice, Yet the whole smokestack a paradise Flattered in peace and feared in wars, They were the esteem of foreigners, And profuse of their wealth and lives, The balance of all other hives. Such were the blessings of that evidence Their crimes conspired to prevention them great And virtue, who from politics Had learned a thousand cunning tricks, Was, by their felicitous influence, Made friends with vice and ever since, The worst of all the citizenry Did something for the super acid good.Even though Madeleine writes every part was full of vice, the society was a paradise that was esteemed by their foreign dwells and they were admired for the generous and blotto lives they led. He writes that the tricks to harnessing this vice were learned from politics and clearly shows that, even though every level of society was filled with ice, that there are good consequences that came from this vice. This is in stark contrast to the current political situation in the United States. Publics attitudes of 6. 3% to 3. 9%).It produced blessings on the state and promoted more lavish lives for every member of society. Through the producing of public benefits that , at last leading to good. It is through this idea that vices are beneficial that has . Once the bees become He promotes the idea, that vice essentially is the lubrication that aids the society to operate more smoothly and help produce public benefits, ultimately leading to good. More specifically, although the actual vice is not good, the benefit to society is that b y employing vice, good is ultimately produced. Reports that in society that vice is universal to a society and that every person in a social order has their own vices. Madeleine suggests that these vices, which maintain each persons immorality and moral failings, ultimately aid the society by are found in each person of society writes Madeleine. He writes the following As sharper, parasites, pimps, players, Pickpockets, coiners, quacks, soothsayers, And all those that in enmity With downright irking, knavishly Convert to their own use the labor Of their good-natured heedless neighbor.These were called knaves, but bar the name, The grave industrious were the same Essentially Madeleine is suggesting that there is no difference between the desires and actions of the lowest members of society and those of their good-natured heedless neighbor by writing The grave industrious were the same. Every level of society is afflicted by vice, sin, and depravity and Madeleine expands on this ide a by his writing shown in the following lines, All reads and places knew some cheat No calling was without deceit. In other words, the attorneys, physicians, soldiers, and those in the ministry were the same as the pickpockets, coiners, quacks, and soothsayers and No calling was without deceit writes Madeleine. He promotes the idea, that vice essentially is the lubrication that aids the society to operate more smoothly and help produce public benefits, ultimately leading to good. More specifically, although the actual vice is not good, the benefit to society is that by employing vice, good is ultimately produced.He mutinous by writing Thus every part was full of vice, Yet the whole mass a paradise Flattered in peace and feared in wars, They were the esteem of foreigners, And lavish of their wealth and lives, The balance of all other hives. Such were the blessings of that state Their crimes conspired to make them great And virtue, who from politics Had learned a thousand cunning tric ks, Was, by their happy influence, Made friends with vice and ever since, The worst of all the multitude Did something for the common good.Even though Madeleine writes every part was full of vice, the society was a paradise that was esteemed by their foreign neighbors and they were admired for the lavish and wealthy lives they led. He writes that the tricks to harnessing this vice were learned from politics and clearly shows that, even though every level of society was filled with vice, that there are good consequences that came from this vice. It produced blessings on the state and promoted more lavish lives for every member of society.Madeleine, B. (1705). The Grumbling Hive or Knaves Turned Honest. It is also interesting to me when Madeleine wrote, So Vice is beneficial found, 425 When its by Justice illegal. , and bound His meaning that vice has to be pruned and placed under the control of Justice to be beneficial made me wonder whether or not Mandibles ideas would still apply i n todays more technologically advanced and interconnected global society.I began to think that the more technologically advanced a society becomes and also the more global and intertwined different economies become, that this increased technology and growing global capacity allow vice and greed to be committed on a much more grand scale. Specifically, it could be argued that when modern day embers of political parties, bankers, stock brokers, and heads of state are involved in wide spread vice or greed, that this will ultimately be detrimental and harm society as a whole because modern day global greed is too broad and advanced to be reined in by Justice.A recent eccentric of this occurred with the 2008 United States supreme mortgage crisis and the subsequent recession that this interruption in the flow of credit caused to businesses and customers on a worldwide scale. These events coupled with the real estate bubble and preceding crashing of the real estate arrest in 2006 were cau sed largely in part due to greed, vice, and corruption of bankers, politicians, stock brokers, etc. On a grand and global scale.Trillions of dollars were lost in chopfallen home prices and in retirement accounts by almost all members of society worldwide and very few, if any member or members of any of these political parties or banking institutions have ever been Jailed or brought to public trial. Certainly, it could be argued in this instance that global society as a whole did not benefit from the vice and greed of a much smaller number of bankers and politicians.I think it can also be correctly argued that the volume of people throughout the world are presently, in many ways, worsened off due to increased debt levels, higher unemployment rates, and generally more stagnant economies, due in part to the excessive greed and vice of this smaller minority. I wonder what Mandibles thoughts would be regarding trying to prune this vine once it has bragging(a) to be large and magnific ent on a much more global scale than he probably ever envisioned? Sources o Rabbi Benjamin Belch, American academic and writer. Taking Stock A Spiritual Guide to Rising Above Lifes Financial Ups and Downs (2003).