How the Rich Benefit from the Poor Essay - 5323 Words

How the Rich Benefit from the Poor this paper has problems with formatting The United States is the most developed capitalist economy in the world. The markets within the economy provide profit-motivated companies endless potential in the pursuance of pecuniary accumulation. Throughout the twentieth-century competitive companies have implemented modernized managerial procedures designed to raise profits by reducing unnecessary costs. These cost-saving procedures have had a substantial effect on society and particularly members of the working class. Managers and owners of these competitive and self-motivated companies have consistently worked throughout this century to exploit the most controllable component of the production process:†¦show more content†¦It is the synergist effect of these numerous strategies that have lead to the widening income gap in America, persistent attempts of contraction in worker’s rights and increased corporate political influence. These campaigns have come at an expense to Americans and will only continue to bene fit the affluent society. Creating Corporate Value The United States is a capitalist economy. In a capitalist economy individuals who wish to gain wealth can invest their capital into markets in hopes of future returns. If this investment gains in value then the investor has earned a return, which can be reinvested. This creates a cycle of investing and reinvesting for potential future return. This wealth creating cycle is a fairly simple concept to understand, but wealthy individuals have learned to fabricate this cycle into different situations. A common form of investment is purchasing and selling of corporate stocks. The stock market works like all markets on the fundamental theory of supply and demand. The more demand for a stock the higher it is valued and conversely the less demand the less it is valued. Corporations are legal entities which issue stock to investors who purchase them and become shareholders of the company. The risk taken by investors is that when they buy stocks it is possible that the individual company will not doShow MoreRelated`` Wealth `` By Andrew Carnegie929 Words   |  4 Pages(Foner 28). Carnegie’s articles focuses on the themes of Capitalism and Inequality, which continue to shape society. Carnegie was a wealthy man himself, but he practiced exactly what he preached. He notices how American society has revolutionized and created the divide between the rich and the poor as it changed. Carnegie compares the American past equality to the equality experienced among the Sioux Indians. Carnegie does not disapprove of the change, but recognizes it as â€Å"highly beneficial† (FonerRead MoreAndrew Carnegie And The Gospel Of Wealth957 Words   |  4 PagesAndrew Carnegie (1835-1919) is a prime example of the phrase, from rags to riches. During his early and teenage years, Carnegie went through poverty. After coming up with crafty investments and going through various jobs, he rose to great prosperity. Because he has experienced poverty and knows that it is a well-known problem, â€Å"Carnegie sought to use philanthropy to provide opportunities for individuals to help themselves.† Unlike Carnegie, William Graham Sumner (1840-1910), an influential professorRead M oreGeorge Orwell s Down And Out Of Paris And London Essay1440 Words   |  6 Pagesmodern society, the working poor nowadays have better condition than the situation that described in the book of Down and Out of Paris and London. During the Orwell’s period, he described the dehumanized working circumstances as a plongeurs. Although poverty in 20st century remains, the situations that the working poor face actually become much better compared with 1930’s Paris. 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The word was originally created by Servius Tullius in one of the six orders into which he used to divide the Roman people for the purpose of taxation. Those words together make the word Classism which means a biased or discriminatory attitude based on distinctionsRead MoreDiversity Achievement Based From A South African Company1520 Words   |  7 PagesEvery year, all South African businesses are audited and given a numeric score on equality achievement based from the above rubric (Table 1.). Following their score assignment, each company’s weighs are summed and is given a recognition number, or a number that sums their generic scorecard points and qualifies them into different contribution levels. For instance, if a South African companyâ€⠄¢s B-BBEE scorecard sums to 75 points, they are considered a level three contributor. Refer to table 2 belowRead MoreThe Brown Vs. Board Of Education Essay1195 Words   |  5 PagesIntroduction Economic segregation is one of Charlotte’s biggest growing problems in the Charlotte Mecklenburg school system. Wealthy and poor families are becoming divided as new housing development plans take place. Many students go to their closest schools due to lack of transportation and in response, the schools become either rich schools, or poor schools. This then results in unfair education opportunities. Many residents of Charlotte NC are unaware of this, or feel they have no voice. It isRead MoreHardship in Ireland in A Modest Proposal by Jonathan Swift850 Words   |  4 PagesSwift witnessed many hardships suffered among the poor, such as stealing and begging. However, not too far away, the British royalty was living a lavish lifestyle, and by doing so, it was sucking the life out of the poor. Jonathan Swift saw this enormous unbalance of wealth and wanted to do something about it. 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