Marx Has Ranked Among - Free Essay Example

Sample details Pages: 3 Words: 976 Downloads: 7 Date added: 2019/08/08 Category People Essay Level High school Tags: Karl Marx Essay Did you like this example? Marx has ranked among most influential political scholars of nineteenth and twentieth centuries. he generated an important intellectual and cultural movement, known as Marxism; and a worldwide political association under the name of communism, the two of which followed Marxs lead by engendering the tenants of class struggle, historical materialism and the inherent important contradictions of industrial capital. For this reason, his ideas are well known. Karl Marx was born in 1818 in Trier, in the Rhineland, then part of Prussia. Though he came from a long line of rabbis. Marks father was an attorney with liberal views who left Judaism and became a Christian scientist for social reasons. Before becoming a student of law, theology, and philosophy at the University of Berlin Marx attended the University of Bonn briefly. He had been a member of poets club in At Bonn, this counted many political radicals as members. Don’t waste time! Our writers will create an original "Marx Has Ranked Among" essay for you Create order Then he joined a doctor club whose works he would later adapt for his teachings on historical materialism, by associating with Young Hegelians. Marx has written many poems and fictions, a number of love poems are written by him for his girlfriend Jenny von Westphalen, and are also available to us. Marx and Jenny met with each other when they are children, courted as teenagers, married after completing their studies and had seven children and with each other for ages. Karl Marx work offers a significant, powerful assessment of modernity on several fronts. He is best known for his passionate attack on capitalism but he also presents us with serious philosophic and cultural arguments. Marxs work is generally divided into two periods; the more philosophical, idealist, early Marx and the more mature, scientific, and materialistic Marx. Marx claims that philosophy is based on its revolutionary and practical character. Marx was formed by Hegels writings, and accordingly most of his early work is an attempt to understand the conclusions and deficiency of Hegels thought. Hegel himself respected Christianity as a partial representation of the whole truth. Marx , considered himself follower of the German left, or Young Hegelian, and a group included David Strauss, Bruno Bauer, Ludwig Feuerbach and Max Stirner. These men were foundational they insisted that Christianity was an expression of human disaffection and needed to be destroyed in order to make way for a new, humanistic devotion. Feuerbach explained that the attributes of god are actually human aspect; mankind, disaffected from his true self, experiences that separating self as an cruel power he is forced to worship. According to Marx exposing human roots of religion has no effect if one wishes to change mans relationship to the spritual; what must be done is to destroy the material conditions that makes religious division necessary. Marx indicates his turn to materialism in THE HOLY FAMILY On Jewish Question,Theses on Feuerbach, and especially A Contribution to the appraisal of Hegels Philosophy of Right. It is important to note that Marxs political understanding introduce his materialism. He believed in the power, necessity of socialism before he worked out the logic of its origin. ON THE JEWISH QUESTION contains a rare instance of Marxs battle with the philosophy of natural right and the formal concept of freedom in the so-called bourgeois democracies. Whereas, natural rights theorists plea to have allowed for religious and personal freedom in the so called bourgeois democracies. While natural rights theorists claim to have allowed for religious and personal freedoms in domain of civil society, Marx claims that this conception divides the human being from himself, giving him neither a real public nor a real private existence.men have formal rights and equality, but their rights have no power, and we are divers e in our conditions. Freedom of religion and privacy of conscience are believed by the economic conditions which are the real basis of awareness. Historical materialism is Marxs central philosophic attitude. It is cleared in The German Ideology and Economic and Philosophic Manuscripts. In recent decades there has been a rise of interest in this period of Marxs thought. Even many of his later commercial and scientific disputes have been refuted hypothetically, analytically, and politically, the philosophic humanism that underlies them still has great demand for many intellectuals. The concept of historical heterodoxy holds that the power of human historical advancement is the economic disagreement between various social classes. It takes for acknowledged Hegels declaration that history is a meaningful process that works progressively toward its end in the midst of probably chaotic human events, but argues that Hegel takes to be essential moments in the history are merely the epiphenomena of the material condition that created them. Marx wrote that all human history is the history of class struggle.Marx explains that all of human history can be understood by changes in the mode of production, or the organize relation of human beings to the products of their labor. Marx argues that by separating the worker from the product of his labor, the system of industrial capital not only alienates the worker from himself, but from all other human beings: the worker who has to sell his labor as a commodity and does not enjoy the product of his labor is not really human. There are four stages in human history: tribal, communal, feudal, and bourgeois, or capitalist. In each successive stage there is a substantive advancement and multiplication of human productive forces but also an increased degree of exploitation, until mankind reaches a threshold condition of abundance produced by technology that is sufficient to provide for all human needs. That condition will eventually force the mass of mankind, with no property but its own labor, to overthrow the few remaining capitalists and abolish private property. This communism is the end of class struggle and therefore the end of class struggle and therefore the end of history or the final plane of human economic relations.

Civil Rights Movement - 823 Words

Introduction: This paper is about the blacks wanting equal rights like the whites have.Then everything gets out of hand.The fire truck hoses get used on people,the k-9 dogs go attack the people, people go to jail. King goes to jail and writes a report and gets out of jail. Finally, Birmingham takes down the â€Å"blacks only† and â€Å"whites only† signs from the bathroom and drinking fountains. Blacks now can use any bathroom and drinking fountain they want. The SCLC launched Project C† (for Birmingham), April 3, 1963. On April 6, police arrested forty-five protesters going from Sixteenth Street Baptist Church to city hall. The next day, more people were arrested. Due to this happening two police dogs attacked a nineteen-year-old. Judge W.A. Jenkins, Jr., made an order preventing one hundred thirty-three of the citys civil rights leaders, to organize demonstrations. But the Project C plan got King arrested on April 12. After a few hours King told his staff,he didnt know what to do and that something had to change in Birmingham. He said he didnt know if he could make enough money if any at all to get people out of jail. But, he did agree to go to jail with them since he couldnt get the money. King was arrested and put in solitary confinement. In jail he read an ad in the Birmingham News, that called him a troublemaker. He responded to the ad,his response was eventually sent to the newspaper saying that it was a Letter from Birmingham Jail from King. HisShow MoreRelatedThe Rise Of The Civil Rights Movement1179 Words   |  5 Pagessegregations. Out of the numerous elements that arose in the 1960s, there are three movements that truly affected the American society. Firstly, the rise of the civil rights movement was greatly influenced by racial discrimination of colored people in the South. Secondly, the women’s movement aimed to convince the society that women are capable of achieving and maintaining higher waged job like males. Lastly, the gay rights movement aimed to gain acceptance and stop discrimination of homosexuality. The mostRead MoreThe Folk Music Of The Civil Rights Movement1208 Words   |  5 PagesResponse Paper #4 The folk music of the Civil Rights Movement â€Å"came out of tradition, common experience, and generations of resistance† (Dunaway 2010: 140). The songs used throughout the movement derived from the shared experiences and struggles of African Americans while connecting â€Å"the gentle, idealistic world of folk music and the integrationist world of civil rights† (Dunaway 2010: 145). 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Specifically, the focus will be on the main activists involved in the movement such as Martin Luther King Jr and Rosa Parks and the major campaigns of civil resistance. The Civil Rights Movement refers to the movements in the United States aimed at outlawing racial discrimination against African Americans and restoring voting rights in Southern states.African-Americans were able to gain the rights to issues such as equal access to public transportation, right to voteRead MoreThe Civil Rights Movement Essay967 Words   |  4 Pagesconsidered to be unworthy to be associated with whites, they struggled to fight laws of segregation for years and years to finally be thought of as equals. They fought to earn their civil rights which is where the movement got its name from. There are many names that stand out when you think of the Civil Rights Movement, for example, Martin Luther King Jr. who lead a march to Washington and gave the famous â€Å"I have a Dream† speech, and there is also Rosa Parks who refused to sit in the back of the bus

Teletech Corporation Case Analysis free essay sample

In this scenario Margret Weston, received a letter. In the letter she found out that Yossarian acquired 10% of the company’s stock. This aggressive move by Yossarian was motivated by the company management not doing their job to maximize shareholders wealth. Moreover, the managers were having issues with the hurdle rate, because it is just generally accepted, but not scientifically proven. On the other hand one TV Commentators opinion about Teletech Corp. is that â€Å"there is no way to have a hostile takeover in this sector, but for the Teletech Corp. there are many reasons to try.† Teletech Corp. has two major business segments, Telecommunication Services and both Product and System Manufacturing make up the other segment we will analyze. The ROC of both the segments combined for a firm Return on Capital of 9.58%. In addition to this, the company is expecting a decrease in revenue in both segments. Margret Weston and company have been calculating returns using method of economic conditions to create value for the company. The economic condition is a model which includes differences between the rate of Capital (ROC) and Hurdle rate multiplied by the Capital employed. This Economic Condition Model is generated on the assumption based and rated according to the Weighted Average Cost of Capital, furthermore the ROC is calculated by Net Operating Profit After Taxes divided by Capital used. See Exhibit #4 The opposing arguments include a variety of topics, such as how the two businesses differ in risk, and the appropriateness of measuring all projects against the corporate hurdle rate of 9.3%. Our discussion will focus on explaining how the company is being mismanaged and how it should respond to Yossarian accusations, starting with hurdle rate. In general, hurdle rate is the minimum amount of return on a project the company is willing to accept before starting a project. Here, Teletech Corp. currently uses the hurdle rate as a tool for evaluating its economic profit and NPV value based on the beta, cost of capital, and the estimation of Teletech’s Weighted Average Cost of Capital (WACC). By using the hurdle rate measurement, they assume both of the two businesses (Telecommunications and Products Systems) are sharing the same risk. Part of management is content with allowing this hurdle rate to manipulate the firms opportunity cost,  while still a handful of managers and the Vice President Rick Phillips disagree. They disagree advocating that it is not scientifically proven, but generally accepted and should be recalculated individually for each segment according to Mr. Phillips. It was suggested by Mr. Phillips that multiple hurdle rates should be implemented since different business units obtain different risks. Therefore, based on the data from exhibit 3 titled Sample of Comparable Firms, we took the average beta and weight of debt (debt/capital) from Telecommunications Services Industry to re-evaluate its WACC (hurdle rate). This calculation gave Teletech’s Telecommunications segment a new hurdle rate of 8.471%. Then we took the mean from average number of betas and weight of debt for P/Ss and found the its new hurdle rate to be 11.399% based on the information of Telecommunications Equipment Industry, Computer and Network Equipment Industry. Our findings conclude that the WACC of Telecommunications is lower than the overall firm, whereas the WACC of P/Ss is higher instead as seen on the table and graph below. 3. Interpret Rick Phillip’s graph (Fig 2). How does the choice of constant vs risk-adjusted hurdle rate affect the evaluation of Teletech’s two segments? What are the implications for Teletech’s resource allocation strategy? Looking at the graph above, when Teletech Corp. uses the constant hurdle rate, Telecommunications services which earns 9.1% on capital is underneath of the company’s hurdle rate. Moreover, the PS which promises to earn 11% on capital is above the company’s hurdle rate. However, the result may be reversed by looking at the graph with adjusted risk hurdle rates. It is clear that company is doing better than they should in the telecommunication segment, because they are getting higher return in comparison to the risk they are taking. On the other hand, PS segment is not doing as well as it should, because return is getting lower than the risk taken by the company. That is to say, constant and risk-adjusted hurdle rate lead to the different results when Teletech Corp. evaluated its ROR. Implications that company are facing in this strategy are that they are going with the constant hurdle rate for all of its segments, which is not viable. For this reason the company is not adding the extra value of the NPV that these segments are producing and resulting in a lower value for the shareholders. 4. Do you agree that â€Å"all money is green†? What are the implications of that view? What are the arguments in favor (against) that view? We are not agreeing on the fact that all money is green when the money from the company is being mismanaged. A firm would logically not accept risky projects that would not provide a significant return, but in the case of Telecommunications Corp. that is exactly what they are doing by using consistent hurdle rate that covers up risky projects. Funds that are used towards risky projects that generate little or no return should not be considered green. If you look at Exhibit #5 which adjust for the individual risk of each segment then you will see that the economic profit adjusted risk puts Telecommunications with $81,692,307.71 Positive and for product and systems it is a Negative (17,454,545.46). From an investors stand point in order for money to be consider green, the company’s money must be used efficiently, and generate decent returns based on risk. This mismanagement  may very well be equivalent to rat-hole investments, which will decrease the company’s value. We disagree with her statement based Teletech Corporation’s, because the assets under the Products and Systems subsidiary are riskier, as is validated by the lower credit rating for the riskier assets (Exhibit). On the other hand, if we invest all of our capital in the telecommunication segment, then we generate an extra value for the company, because it is less risky and it generates more value for the shareholders on the basis of more return on capital. In addition, if we consider Economic profit we can clearly generate a higher profit in telecommunication segment by taking the risk adjusted rates. So, in our opinion Helen Buono was incorrect by saying that management would destroy value if the entire firm’s asset were redeployed in the telecommunication segment. The product and system manufacturing segment is destroying value for the firm because it is making a lower return, in comparison to the risk it is taking. If we going to find its NPV with the rate of 11.4%, than the NPV will come in negative because product and system segment is just producing 11.1%, which will destroy the value of the company by .3% of the capital invested in that segment.(consider Mr. Phillip’s graph) In conclusion, in response to the letter sent by Yossarian, Teletech should say that they are doing well as a company in telecommunication sector. Teletech is generating a higher return on the risk they are taking in telecommunication segment. Teletech is also adding value to its shareholders by generating that extra percent on the capital invested in telecommunication segment. In addition to that we think that Teletech should reduce the investments in the product and system segment, because it is not generating the revenues that it should as an investment in that risky category. So, if Teletech going to lower the investment in product and system segment, and increase the investment in telecommunication segment, than Teletech will generate a higher NPV and higher value for its shareholders.