Introduction: The constitutions of the US and Texas are tied to political culture and fundamentally influence politics. Political culture fundamentally influences by broadly shared values, beliefs, and attitudes about how the government should work and politics should operate. The American political culture highlights the values liberty, equality, and democracy. Political cultures in the U.S have an effect on how people participate in politics and how individuals and institutions interact. According to chapter 1 on the textbook Daniel Elazar established a scheme for the state political culture. The concepts of political cultures that Daniel Elazar uses are moralistic, individualistic, and traditionalistic. Constitutional influence is systematic
Utilitarian is a regularizing moral hypothesis that place the locus of good and bad exclusively on the result, the end legitimize the mean. Solving and taking care of the issue is most important. All matters is just the final products if the final products is great then what you did was ethically right. Considering things are at stake for both stakeholder involved. Utilitarian principles sates that proper course action maximize happiness and treat other how you would wanted to be treated. According to the utilitarian for this situation; the result of this choice is bad for both party involved. The girl not just love and regard her non-biological but she have known them for all her existence in light of the fact that her biological parent
Madoff was promising his investors, security and strength. He told investors whatever they gave him, would simply develop and develop. Bernie Madoff was sentenced to 150 years in jail for running the greatest deceitful plan in U.S. history. Indeed, even now, just a couple of his casualties have following recovered the greater part of their misfortunes. A very much regarded lender, Madoff persuaded thousands regarding financial specialists to hand over their funds, erroneously encouraging steady benefits consequently. He was gotten in December 2008 and accused of 11 tallies of extortion, tax evasion, prevarication, and burglary.
For Bernie Madoff he was able to use a couple of different factors to continue to bring in more business for his firm. Bernie was a very smart, intelligent man himself and was well liked in the financial community. Madoff had received his Bachelor’s Degree from Hofstra University where he had previously served as a trustee until his scheme was revealed (Troop, 2009). Madoff had been instrumental in the development of the NASDAQ providing him first-hand knowledge of this new market and how it would make things easier, especially for him and his Ponzi scheme (Ferrell, Fraedrich, & Ferrell, 2013). Having served as the NASDAQ Chairman for three years in the early nineties, knowledge of the changes being made to the regulations were virtually placed in his lap and made it much easier for him to keep up this scheme. Madoff Investors could rightfully assume that Madoff was very knowledgeable of the inner workings of the stock market. Just like in a lot of
This particular business fraud took place in Brooklyn New York after a pharmaceutical executive was under criticism for price gouging drugs. While being charged Martin Shkreli was freed on bond although he was denied fraud charges. Shkreli earned a very high level of infamy just alone off his business and personal life and at a very young age of 32 years old but, that was not enough to not accuse him of consistently losing investors money, while illegally without their knowing stealing their assets to assist with other debts they had and to include lying to them about their money and where it was actually spent. As the time passed this business fraud that Shkreli was charged was exposed when he essentially ran it like a Ponzi scheme. A Ponzi
Bernie Madoff’s reputable stock trading business, venerable reputation as a Wall Street insider, and ingenuity as a fraudster enabled him to dupe experienced wealthy investors and bilk them for billions of dollars (Ferrell, 2009). Madoff understood how to leverage the currency of relationships to establish trust, the significance of exclusivity to attract wealthy clients, and how to covertly appeal to people’s greed (Frontline, 2009). As a result, Madoff leveraged his credibility as a Wall Street insider to disarm investors, insisted that his services could only be contracted by invitation only, and failed to charge fund management fees. Subsequently, Madoff enable feeder fund managers to make more money in fees, which resulted in more aggressive
1. Write an essay on the assumption of “Rational Self-Interest.” Make sure that you touch on each of the 3 components of this assumption that we discussed in class. Comment on the relevance of this assumption in our daily lives. Please explain how Adam Smith’s Invisible Hand Theory uses the assumption of Rational Self-Interest to show how society benefits.
Utilitarianism is defining an action as wrong if there are other available acts that benefit everyone affected more. Utilitarian’s decide whether an action is right or wrong based on how much joy or happiness it brings to an individual and everyone else. This can be tricky because an action may
Decisions about right and wrong fill each and every day. Turmoil exists due to deciding if Deontology, where one acts based on the right motives, or if Utilitarianism, where one should act in a way that would produce the best results and consequences, should govern decisions and their morality. However, I believe Deontology, which is reason and duty based, serves as the superior way to dictate morality. In this paper, I will explain both the principles of Deontology and Utilitarianism, discuss the superior aspects of Deontology as compared to Utilitarianism, as well as grapple with objections to Deontology. While both ethical frameworks contain parts of ideologies that could be seen as valid, Kant’s theory on Deontology holistically remains
Based on the book Annals of Gullibility, author Greenspan (2009) a psychologist, proposed the four ‘induced-social’ components in his theory of gullibility. The four factors that are in the favor of the achievement of Ponzi scheme are the situation, cognition, personality, and emotion.
Ethics comes from the Greek: êthos, place where one lives, is what Aristotle called a way of being, character; something that the person can build, mold. The human being can shape his character, his way of being. The individual is not fatally determined to live being always the same; He
Unlike the previous theories, which either focus on the individual or a large group, utilitarianism focuses its decision making on a universal scale. Moreover, utilitarianism only has one decision criteria, consequences, like the preceding theories which also focused on principles. Weber defines this ethical theory as thinking,
Bernie Madoff has been accused of violation of title 17 cob of federal regulations Section 240. 10B - 5. Madoff was accused of defendant, unwillfully, willfully and knowingly, by the use of mean and instrumentalities, in connection an entry interstate commerce with the purchase and selling of securities, would and could use and employ manipulative and deceptive devices. Bernie Madoff mislead misrepresented himself to invest in businesses to take part of his and engaged and his illegal Enterprise for profit no true return on investment.
John Stuart Mill, at the very beginning of chapter 2 entitled “what is utilitarianism”. starts off by explaining to the readers what utility is, Utility is defined as pleasure itself, and the absence of pain. This leads us to another name for utility which is the greatest happiness principle. Mill claims that “actions are right in proportions as they tend to promote happiness, wrong as they tend to produce the reverse of happiness.” “By Happiness is intended pleasure and the absence of pain, by happiness, pain and the privation of pleasure”. (Mill, utilitarianism, p.697)