The article “The Noble Feat of Nike” by Johan Norberg is to show us the impact of the Nike in third world countries like Vietnam. It is a well published topic that multinational companies like Nike are make huge profits while paying their employees next to nothing lot of people find this unethical and some even call that this is slave labour so a lot of people have boycotted Nike. This article gives the reader an insight on how companies like Nike gain maximum profit by being located in a third world country or in a communist country like Vietnam. Nike maximises their profit by paying the employees in such countries a fraction of what they have to pay in their home countries by taking advantage of their poverty but the author calls Nike noble
Danny Schechter wrote Investigating the Nation’s Exploding Credit Squeeze, two years before the 2008 world crisis. It is said that only true crisis can lead to change, an explanation to why so many people ignored the signs. Everyone is a target to the credit industry, not only the poor or middle classes. In a consumption driven culture, it is impossible not to spend your money and get into debt. Products seem fairly cheap, companies are always suggesting that you are making “a great bargain”, “buy two and one free” and it seems that everything is always “on sale” (Schechter 357).
He proposed, “That the banking industry in the country be nationalized and all banking services be provided on a nonprofit basis by the federal government. Secondly, the priest pressured FDR to enact immediate and massive monetary inflation as a way of dealing with the unprecedented deflation which had crippled the economy since late 1929.” When the president did not agree with his ideas, Caughlin turned to his radio show, the most popular in America and used his audience as an outlet to slander Roosevelt. Finally was Dr. Townsend, who offered a plan of relief to aid the elderly. Townsend suggested the federal government should give $200 a month to every American sixty years of age or older. The only requirement was that the recipient had to spend the entire $200 within thirty days in order to receive the next month's
He also argued that all countries in the world runs on greed and that economic prosperity gives freedom and this particular determinant is the only reason why we even worry and can act upon social unfairness and global warming. With a different point of view, stands often sociologists and psychiatrist, among this group we find Tim Kasser, a Ph.D. expert in materialism. He argues that materialism has driven to far and that both consumerism and materialism brings bad side effects, for example: social problems, anxiety and obesity. So which side would you support? Do you think that the culture of materialism and consumerism is driving our nation towards insanity?
In the midst of the Industrial Revolution, imperialism became inevitable as Europeans needed raw materials for industrialization. As time passed, Europeans grew covetous for money and goods. During the late 1800s, both Africa and China was uncontrolled and had some of the most essential raw resources and luxuries. Raw materials were required in order to keep European industrialization flourishing. Thus European government wanted economic opulence by obtaining raw materials in Africa, and by imperializing China to trade so the accumulated profit can be used to purchase Chinese goods.
What Ayn Rand did was illustration of the world without all innovative companies, competition among them and driving force to the economy. As a result, we see that the economic system can not survive without capitalistic relations and government interventions destroys the market economy and creates chaos. The philosophy of the author dictates that self-interest is good and rational selfishness should be practiced in order to survive in the market. In the book she supports this view by showing the effectiveness and prosperity of companies when they thrive to earn more money, create new technologies, for example the company Twentieth Century Motor Company which create engines made the brand new engine but because of the death of CEO and implementing the policy of payment and benefits program company went to
The Noble Feat of Nike? The article “The Noble Feat of Nike” by Johan Norberg is to show us the impact of Nike on third world countries like Vietnam. It is a well published topic about multinational companies like Nike that are making huge profits while paying their employees next to nothing. A Lot of people find this unethical and some even brand it as slavery, which has led to a boycott of Nike. This article gives the reader an insight on how companies like Nike gain maximum profit by being located in a third world country or in a communist country like Vietnam.
When free trade is implemented, there should be no barriers from the governments on the trade. But countries together with the big companies sometimes enter the poor countries and capture a bigger market of a product which leads to a monopoly and poor become dependent again. Finally the rich put sanctions on the poor so they cannot stand up again on their own. Therefore Free trade is subjected to criticism among the people as well as among the critics. Kulkarni (2013) proves this idea by saying that there is no country who adopts Free trade as it is.
Bonded labor, debt-related slavery, commercial sexual exploitation and other forms of forced labor and related trafficking have become a global industry — very conservatively estimated at over $32 billion by the International Labor Organization (ILO) in 2005. Globalization has not managed to reduce extreme poverty in countries, on the contrary, inequality has increased. This fact forces people who live in the most absolute poverty to migrate in order to survive, unable to satisfy the most basic needs in their countries of origin, looking for an option to help their family. The mafias take advantage of this situation to attract immigrants.
The waste industry is a mega industry and generates economic growth. Governments of poorer countries have been ‘forced’ to back down on economic and environmental regulations, because large companies threaten to take their business elsewhere. Therefore, there is less of an emphasis on clean production and more of an emphasis on job creation and attracting foreign investment. Companies seek the lowest production costs in a global market to supply the consumer with the best prices. These companies contract waste disposal companies to clean up the mess.