Economic restructuring

Critical Commentary Introduction “Is Hyperloop the Future of Travel” is an article from BBC that talks about Hyperloop, a conceptual transportation system that would shorten travel time by a great amount. I choose this article because I like travel and I believe that travel will become easier and faster in the near future because of innovations and new technology such as Hyperloop. This article mainly focuses on two parts: the first part explains what Hyperloop is and how it works; the second…

opposition. Due to the two sides, the perceived lack of morality in wealth matters to the less wealthy individuals of society. Mahatma Gandhi states in (book name) his own opinion of the moral indifference in terms of wealth. He believes that when we make economic gains, we hinder our social progress. This social progress is described as our moral state. Despite Gandhi’s belief, I must disagree with him. Many societies do not decay socially because of wealth, on the contrary, our social progress…

Theodore Adorno and Walter Benjamin were both theorists associated with the Frankfurt School of Social Research. They proposed the idea of mass cultural marketing in the modern era but differed on the purpose of the culture industry. Adorno believed that culture had developed into a consumer good where profit was made and Benjamin saw culture, specifically artistic creativity such as music, to play a role in political ideology. Although differing views on the function of culture separated the…

13 Name Professor Course Date BRETTON WOODS SYSTEM INTRODUCTION Bretton Woods’s system was established in 1944, the main aim of the system was to set pose regulations which led to the dollar to be the main international currency. This currency was the main requirement to of payment and purchase of foreign goods and services. This led to the straining of the underdeveloped markets which were not able to access the dollar, this led to them depending on the US to rend them the dollar to help in…

will entice consumers will translate into money and therefore, profits. Lastly, the Global capitalism approach focuses on the effects of globalization on capitalism. The theory argues that this is the epitome of capitalism and the political and economic parts of globalization will benefit the most. The ideology of consumerism is discussed, and that media promotes encourages consumerism by showing content that shows the ideals of living a certain…

Kimberly Ma / Bus5-187 Sec 13 Participation/ Discussion Questions: Discussion: Why would government need to interfere? Government will interfere for political, economic, and cultural reasons. In the economic sense, the government might intervene to protect, regulate and control the resources. Some political motives involve securing jobs, national security, responding to unfair trade, and gaining a bigger influence in the market. For instance, in order to secure jobs, the government might…

The article, “Is Junk Food Really Cheaper?” written by Mark Bittman on September 24, 2011, and was published by the New York Times. The article evaluates whether junk food is really beneficial and cheaper than home-cooked meals. Bittman explains that fast food is more expensive and unhealthy than food freshly cooked at home. Most people happen to develop an addiction to fast food after consuming it for an extended period of time. Several individuals believe that fast food chains sell cheap food;…

of the reality faced by individuals in the Global South within the context of a neoliberal economic paradigm. The concept of the invisible hand refers to the logic of the free-market, espoused by Adam Smith, which posits that there is an invisible hand in a free market framework that ensures the most effective and socially optimal allocation of resources. Despite the widespread acceptance of this economic theory, the reality faced by individuals especially in developing countries, does not…

During the presidency of Kennedy, the 35th president of the United States, steel companies began to raise the price of steel by 3.5% which came out to an extra 6 dollars a ton. It may not seem as much, but during this time where America was just recovering from a recession and where every dollar is crucial, it was plentiful. However, the 3.5% increase goes way beyond the monetary value and should be viewed through the perspective that these companies are lacking their moral responsibility…

The primary distinguishing factor between weak and strong sustainability is their degree of substitutability. Weak sustainability, examined in the first part of this paper, assumes that natural capital and manufactured capital are perfectly substitutable. The second part of this paper examines strong sustainability which asserts that the substitutability of natural capital by other forms of capital is highly limited and not interchangeable. This paper will discuss weak and strong…