ETHICS Essay Example | Topics and Well Written Essays - 1000 words

ETHICS - Essay Example Capitalists and socialists have their own interpretations about ethics. These interpretations are almost same considering the ultimate goal of justice to all; but they differ in the selection of route to reach this goal. The famous political philosopher, John Rawls argued that the institutions of society must be regulated by two principles of justice; the liberty principle and the difference principle. This paper briefly analyses the two models, capitalism and socialism with respect to Rawls’ two ‘principles of justice’. Rawls’s principle of liberty argues that each person is to have an equal right to the most extensive total system of equal basic liberties compatible with a similar system of liberty for all. Rawls’s difference principle argues that in order for any change to be accepted as an improvement, it must help the least advantaged representative person. In his opinion, social and economic inequalities are to be arranged so that it may provide greatest benefit of the least advantaged (A Theory of Justice, by John Rawls, 2005). Socialism argues for a completely classless society, where the government controls all means of production and distribution of goods. They believe this control is necessary to eliminate competition among the people and put everyone on a level playing field (Liese, 2008). When we analyze the views of socialism and the views of Rawls, we can see that both the views have similarities and differences. Socialism argues for the equal rights to all and the advocates of socialism believe that only a class less society can ensure equal opportunities to all and for that purpose, governments should have upper hand in all the matters related to the social and political life of the public. In other words, individuals have not much role in a socialist country. Rawls on the other hand argues for the liberties of the individual and the society. His liberty principle argues for democratic freedom of thought, conscience, religion

Company Law Essay Example | Topics and Well Written Essays - 1750 words

Company Law - Essay Example al proclamations; for instance, Principle 1 of the 1992 Rio Declaration on Environment and Development   argues that human   are at the center stage of   viable improvement, and are therefore entitled to a vigorous and fruitful existence in synchronization with nature† (Vanclay, 2003, 6). Moreover, â€Å"Principle 17†requires that an impact evaluation be done. States or trading blocks are legislated by these regulations. Most of the trading partners and affiliates within economic blocks are governed by common trade laws. From the state level, these laws are passed down to the companies that are in operations within these countries that are member companies that are operating from outside. For instance, the countries affiliated to European Union are corporately governed by the principles of respect of human rights and environmental conservation. These principles are instituted by adherence of the trade laws that restrict and control imports or exports of harmful goo ds to environment and human rights. Moreover, there are the commonly assented to regulations within â€Å"the free trade preferential operation countries† and therefore the companies are as bound by the law from other countries as they are while within their mother countries. Such regulations that govern company operations with European countries areâ€Å"EU’s  Generalised  System  of  Preferences  (GSP)  and  GSP+  systems,  its  Forest  Law  Enforcement,  Governance  and  Trade  scheme  (FLEGT),  and  its  Ã¢â‚¬Ëœhuman  rights  clauses’  in  free  trade  agreements,  in  particular  the  EU?Cariforum  and  the  EU?Korea  agreements†. Moreover, the European Union has reaffirmed her commitment as regards to protecting human rights and specifically children rights through enacting regulatory measure within the... This paper approves that legal provisions to the rights of life now through expansion encompass the provision to healthy environment. In India, the interpretation of the right includes saving the environment for future generations. States or trading blocks are legislated by these regulations. Most of the trading partners and affiliates within economic blocks are governed by common trade laws. From the state level, these laws are passed down to the companies that are in operations within these countries that are member companies that are operating from outside. For instance, the countries affiliated to European Union are corporately governed by the principles of respect of human rights and environmental conservation. This report makes a conclusion that in the modern day, it is apparently clear that many legal reforms targeting companies and the corporate business world are in the make. However, not much of a differencein purpose and the working can be noted. The countries continue to design these laws to get full control of the private and corporate sector as regards social responsibility in human rights observations and the governance in environmental conservation. Many of these regulations are denying the corporate governance in public limited companies as well as other forms of trade corporations the supremacy in decision-making processes. Many of the decisions taken in running the institutions must therefore be scrutinized in accordance to the legal frameworks that are designed in these countries.