Contexts for Contemporary Business Paper

It is by helping to bring in these public advantages that vices ultimately lead to good. Madeleine writes, Private vices may be made public benefits through skillful management by a wise politician (ibid. , book 1, p. 169). Certainly one could argue that the precise nature of the human condition is that we entirely atomic number 18 struck by sin and it is through this sin that things like greed, avarice, and insatiability arise and manifest themselves in the form of Emcees.Are on that point any differences in the degrees to which vice and greed that pop offred during Mandibles generation were committed versus ice and greed committed by members of present day societies? Does Mandibles vision regarding the concept of vice and the way it helped to produce public benefits at the enactment of the 17th century in England, still hold true in our modern-day, glob onlyy oriented company? I train that societal vice in the context of a modern-day, worldwide scale thriftiness is ac tually such(prenominal) much harmful and injurious to societies, and to world economies as a upstanding, than it is advantageous.I in addition propose that present day vice, greed, and corruption executed in the fiscal world by politicians, dockworkers, bankers, and other beta members of fiat in positions of power ar now up to(p) to be performed and executed on a much prominentr and more than(prenominal) poisonous level than Madeleine probably ever dreamt of. The vice and greed of the trustors and the all(prenominal)day citizens be detrimental because their actions help fuel the much longr system as a whole. In essence, all investors have the vice of greed and the reason they invest is to improve their financial condition and situation.While there ar many an(prenominal) hardworking people who prudently and cautiously invest their money, here are besides similar people who blindly and speculatively invest their money in the hopes of reservation exorbitant profit s. I liken both groups of individuals to people who are working in the basement of an extravagant mansion, throwing logs into a large netside. The mansion could be compared to the global financial 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 wealth, and improve their financial condition. In Mandibles day, up to now though every member of society had greed and vice in them, the financial fireplace of this large mansion was much smaller and non 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, return the benefits of the hard work that has occurred in the basement, and then greedily invest this hard work in the hopes of making even more mon ey.The bankers and stockbrokers are managing each(prenominal) of these large financial houses and have few legal or moral constraints placed 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 elaborate communication mechanism the trade heat back and ahead as needed, with little regard to the potential negative effects it could have on the basement investors.This scenario plant life reasonably well as long as the fireplace is in good working order of battle 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 fine bring out that is included with all investments the akin fine print that many investors never read because it is simply in any case compli cated to understand.The problems fanny arise if the financial fireplace becomes damaged, if the fire in this fireplace becomes withal hot, or if the outside sparing 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 clarion cause every house in the financial inhabithood to also burn down because all of the houses are placed so closely together in a global setting.Publics attitudes reflect their frugal reality and the global downturn that started after 2007 has had a profound impact on many countries economies. one-year growth rates have slowed over recent years in most nations surveyed. This slowdown has been specially severe in the advanced economies, which had a median annual growth rate of 3. 5% in 2007 but except 1. 4% in 2012. Growth has also declined 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 weather 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 applied science, 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 find he national and international financial markets are all factors that are frightening and alarming.In 2003 Rabbi Benjamin belching wrote about greed in his book, winning Stock a Spiritual Guide to Rising to a higher place Lifes Financial Ups and Downs the following Greed will always leave you dissatisfied because youll never be qualified to get everything you des ire. Greed never allows you to think you have enough it always destroys you by making you get hold of ever harder for more. I believe 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, performing vice and illicit behaviors were express by the constraints of technology, limited access to financial markets, and by rudimentary forms of transportation. Banking and economic systems were definitely much more restricted than they are in forthwiths global economy. Insatiability and greed which lead to vice are the same today as they have been throughout human history 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- wide internet, advanced satellites and global positio ning systems financial transactions and business relations are able to be performed on a more wide-spread scale, 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, use only 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 different 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.Vice involving financial matters is now able to be completed much easier and faster than in the last(prenominal) and, since it is done on a much more wide-spread scale, it has the potenti al to more negatively affect all members of society. 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 Honest Madeleine writes, Thus every part was full of vice, save the whole mass a paradise Flattered in peace and feared in wars, They were the esteem of foreigners, And full of their wealth and lives, The balance of all other hives. Such were the blessings of that state Their crimes conspired to cake them great And virtue, who from politics Had learned a thousand cunning tricks, Was, by their happy influence, Made friends with vice and ever since, The worst of all the inner circle Did something for the common good.Even though Madeleine writes every part was full of vice, the society was a paradise that was honored by their forei gn neighbors and they were prize for the lavish and wealthy lives they led. He writes that the tricks to harnessing this vice were learned from politics and distinctly 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 , ultimately leading to good. It is through this idea that vices are respectable 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 by employing vice, good is ultimately produced. Reports that in society that vice is universal to a society and that every someone in a social order has their own vices. Madeleine suggests that these vices, which represent each persons evil 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, cunningly diversify 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 idea by his writing shown in the following lines, All reads and pla ces knew some have sex No calling was without feigning. 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 tricks, 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 turn outd and placed under the control of Justice to be beneficial made me wonder whether or not Mandibles ideas would still apply in todays more technologically advanced and interconne cted 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 example of this occurred with the 2008 United States supreme owe crisis and the subsequent recession that this interruption in the flow of credit caused to businesses and customers on a oecumenical scale. These events coupled with the real estate bubble and preceding crashing of the real estate arrest in 2006 were caused 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 muzzy in deflated 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 enwrapped 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 majority of people throughout the world are presently, in many ways, worse 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 grown to be large and magnificent 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).