Nobody downloaded yet

The labor party under Tony Blair and Gordon Brown has been blamed for letting the market be controlled by capitalism - Essay Example

Comments (0) Cite this document
Summary
Sustainable Management Futures Name: Course: Presented to: Date: Sustainable Management Futures The labor party under Tony Blair and Gordon Brown has been blamed for letting the market be controlled by capitalism in favor of the rich and have ignored the middle and low class citizens who have continuously struggled to meet their needs under stiff competition presented by a capitalist market…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.5% of users find it useful
The labor party under Tony Blair and Gordon Brown has been blamed for letting the market be controlled by capitalism
Read TextPreview

Extract of sample "The labor party under Tony Blair and Gordon Brown has been blamed for letting the market be controlled by capitalism"

Download file to see previous pages Though Cameron blamed Labor for excesses of the recent years for what he termed as turning a blind eye to corporate excesses, the idea of a responsible capitalism was the main agenda behind Cameron’s campaigns. The main question is whether there is any rationality in advocating for a more responsible capitalism, or if here are any ethics and moral standing in capitalism. Keat (2009) argues a distinct ethical consideration has a crucial role in political reasoning. This is against the neutralist restriction of legitimate grounds regarding state actions on moral considerations of rightness. In other words, legal considerations must involve not only the matters of justice, but also the distribution of social wealth, opportunities in life, and the general survival chances. This implies; an ethical system has to be concerned with the pursuit of collective goals, and safeguarding the same good in the country. Therefore, the main question is whether “let capitalism rip ideology” under conservative party meets the above conditions. Herbermas (1996) states that there cannot be any possible exclusion of ethics from politics, but any political ideology has to be based on nature of ethical reasoning in which the concept of identity and self understanding are central. Ikerd (2008) elaborates the most basic law of science portray that unrestrained capitalism cannot by any chance be sustainable. In other words, according to Ikerd, all economic activities are naturally individualistic; as in capitalism there is no any economic incentive aimed at doing anything for the sole benefit others, and does not offer any thought towards the future generations. This means that any market system has to involve sustainable resource utilization and has to be mindful of each and every individual including the generations to come. Gray (2008) notes while a free market are the best type of market in advocating ethics and morality due to a direct link between contribution and rewards, free markets can corrode some characters while still enhancing others. Therefore, the results of a free market according to Gray will depend much on how one envisions life. Moreover, the thought that free markets emerge spontaneously with the removal of state interference in the market has been vehemently opposed. Therefore, free markets according to Gray do not indicate the absence of a government. In other words, in free markets, the markets depend on a system of laws, which decides what is to be traded or not. Hence, free markets due to presence of stringent of laws governing what is to be traded always involve an aspect of moral constraints policed by governments, and depend on property rights that are created and enforced by the government. Free markets have however led to loss of efficacy and productivity due to redistribution of wealth through taxes. All the same free markets are equivalent to having values in businesses so that organizations operate to standards of moral concepts in a pluralistic society (Griffiths n,d). Therefore, the market fundamentalism proposed by the rightwing was a harsh market dogma that erodes the market of the sustainability and responsibility befitted in a free market with its constraints and limitations. The core of the dogma, which was the assertion that such removal of government control in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The labor party under Tony Blair and Gordon Brown has been blamed for Essay”, n.d.)
Retrieved from https://studentshare.org/business/1397056-sustainable-management-futures
(The Labor Party under Tony Blair and Gordon Brown Has Been Blamed for Essay)
https://studentshare.org/business/1397056-sustainable-management-futures.
“The Labor Party under Tony Blair and Gordon Brown Has Been Blamed for Essay”, n.d. https://studentshare.org/business/1397056-sustainable-management-futures.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The labor party under Tony Blair and Gordon Brown has been blamed for letting the market be controlled by capitalism

Globalization of Labor Market

...market economies. It has led to a lot of positive as well as negative impacts on the economy. It leads to growth of the economy and creation of employment for a large population hence reducing poverty. Skill transfer between nations is also evident leading to labor productivity. However, it has been blamed for eliminating jobs and widening the pay gap between the skilled and un-skilled labor force. The growth of multinational companies has also led to a lot of changes in the labor market such as; low wages, segregation of women in service jobs and creation of sweatshops...
4 Pages(1000 words)Research Paper

Labor market

...Labor Market The role of the American government goes far beyond the regulation of different industries, but also the management of general economic activity and stabilizing prices (Conte and Karr). The government uses two major tools to perform these roles. These tools include fiscal policy, which is the tool by which the government determines the necessary level of spending and taxes. The other tool is monetary policy, which is essential for the management of money supplies. However, inflation has been more difficult to address (Conte and Karr). Comparatively, the poor performance of the US economy to inflation displays a high fight against recession, which results in...
4 Pages(1000 words)Essay

Labor Market

...? Labor Market Labor Market From this paper’s assessment, when a new Wal-Mart store opens, it usually has about 400 workers. As a result, other competing retail stores tend to lose most of their workforce to Wal-Mart upon its entry into a given area (Weinswig & Tang, 2010). This paper also found out that there is an increase in the number of retail positions in any area that Wal-Mart chooses to open a new store. From my research, I discovered that when Wal-Mart opens a new store, this leads to increased retail employment. This translates in one Wal-Mart’s worker replacing roughly 1.4 workers in other retail stores. This entry by Wal-Mart also causes a...
4 Pages(1000 words)Research Paper

Labor Market

...basic culinary skills and then they would be then given further training. If the cooks lack in some experiences then they can join academies for cooking or schools which provides professional training in cooking (U.S. Department of Labor, 2006, p.5) Conclusion: Thus it is evident that the hotel has been compelled to recruit from among migrant workers and the company has to give a comprehensive training program to the newly appointed work force for attaining better services. References Dreher, G.F., & Dougherty, T.W. (2005) Human Resource Strategy: A Behavioral Perspective for the General Manager. New York: McGraw Hill Lerman. R.I and Schmidt. S.R, An Overview Of...
4 Pages(1000 words)Research Paper

Labor Party in America

...on democracy and liberal values even more than in other democratic countries. Therefore, it is interesting why America does not have labor party like other democratic states. Three significant factors can be defined in order to explain the issue: a) repression level; b) religion; c) more strict communist position. It is a fact that in the United States labor movement has more severe communist principles. The level of repression in the United States is higher and the issues connected with religion are recognized as very important because in America religion plays a very important role for everybody choosing what party to adhere to. A great number of...
3 Pages(750 words)Case Study

Tony Blair and Crime Preventation

...Running head: How has Tony Blair been tough on crime How has Tony Blair been tough on crime By ___________________ Introduction This essay is a brief overview of how and what measures Tony Blair has taken in crime prevention and to what extent he is successful. What are the views of General public for him and how up till now he has managed to control the rate of crime The points that are discussed in this essay are somehow related to Blair's Government, as he promised to control the...
9 Pages(2250 words)Essay

Tony Blair and Liberal Democracy Ideology

...the world that the New Labour philosophy was very instrumental in the creation of third way in integration of the Free Market Capitalism which had been a policy that had been highly advocated for the administration of the Conservative Party under Margaret Thatcher. Blair had the vision of a government that would play a very instrumental role in the regulation of the market while still addressing the responsibilities of the citizens to the state so as to improve their welfare. After all has been said and done, the New Labour was a party that supported...
8 Pages(2000 words)Essay

Leadership: Margaret Thatcher versus Tony Blair

... specific rules making sure that the interests of the public/ employees will not be harmed. Current paper focuses on the examination and the analysis of the leadership practices followed by two different leaders: Margaret Thatcher and Tony Blair. Both the above leaders have been related with the political scene of Britain for quite a long period. Their decisions have affected the country’s political, social and financial infrastructure. Their leadership styles and methods will be analyzed and compared trying to identify the reasons why the above politicians/ leaders followed specific patterns of leadership and which have been the consequences of their decisions in the country’s political, social and financial framework. Of course... ...
3 Pages(750 words)Assignment

Labor market

...market institutions are prevalent in society as the formation of unions is the testament towards the collaboration and gathering of the labor market (The Workers Union, 28). In addition, the new decade has witnesses the evolution of labor market as job staffing agencies have been created in order to combat unemployment("Labor, the Economy and Monetary Policy - Everyday Economics”). Informal mechanisms of the labor market are also dominant in society. One of the factors that influence the labor market is immigrants. The role of...
5 Pages(1250 words)Term Paper

Labor market

...that the Worker A (who receives a lower cash wage) may be getting other benefits deprived to Worker B (who is compensated by a higher cash wage) 2. Labor market imperfections: Two workers with the same human capital may be paid distinctive wages in light of the fact that employments contrast regarding their profit and pay, and one of them wound up matching with the high benefit occupation, while alternate has matched with the low productivity one. Fig. 2 In the case mentioned above, Workers A & B may both have the same fixed wage rate, say w, However, the total wages earned by the workers may differ according to the amount of work done by either of them....
4 Pages(1000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The labor party under Tony Blair and Gordon Brown has been blamed for letting the market be controlled by capitalism for FREE!

Contact Us