Essays on Public Ownership

Should prisons be privatized?

Prison privatization is sustained by claims that facilities that are privately operated are cost effective at ensuring the provision of services compared to public institutions. Other evidence show that this assertion is not supported while others do. In addition, when turned into a for-profit industry, a few challenges will accompany incarceration centers. The following points argue for and against prison privatization Fiscal savings through cost containment: People who support private prisons assert that the private sector is saving the available resources through great efficiencies. Safety and services: Advocates claim that prison privatization has been successful in other industries with ...

Philosophy in its state refers to the systematic and critical study of knowledge. Philosophers have overtime contributed to various aspects of life such as business, psychology and social sciences (Veen 635-655). Karl Max is one the proponents of philosophical theories. His theories on capitalism, communism, and socialism significantly analyze the social and economic applied principles. Whether a system of social and economic approach is evil or not is dependent on how it infringes on either participant, either the proletariat, or the bourgeoisie and the states stand on the same. Karl Max points to capitalism as a system where the ...

Overview of Growth, Development and Strategic direction of Google since the IPO in 2004

Google is a non-conventional company. Google has always been managed differently since it invention as a private company. Emphasis has always been on the environment or the atmosphere of creativity as well as challenge. It has led to the creation of Google that provides accurate, unbiased and free to access information for anyone that relies on Google globally.

The CEO said at one time it opportune time for the company to move to public ownership. Becoming a publicly owned company will have a number of importances to the employees, customers, the current shareholder and also the future shareholders. The feared however is that ...

In his article, Bailey argues that people do not have incentive to conserve ad protect resources, as they do not own them. Thus, ownership would result in less abuse of environmental resources. Dietz asserts that implementation of property relations on natural resources would determine the dynamics of economy and the welfare of society. The exploitation of natural resources provides a significant proportion of fiscal revenue. Hardin pointed out to formation of private ownership of natural resources, and therefore, suggested considering all the factors that affect the feasibility of the transfer of certain natural resources in private property. Ownership of ...

Introduction

Creating a moral, economic system should be the ultimate goal of every society. A moral economy is one that is founded on the principles of justice, fairness and goodness. A moral, economic system ensures equitable allocation of resources that are scarce in nature and configures markets to ensure that they run in a fair manner. The results are to realize a stable economy that is free from exploitation, political insecurity and wars. A moral, economic system fosters peace and satisfaction among the citizens of a nation (SEA, Browne, &Milgram, 2009). It also creates a level ground for fair competition among various economic drivers reducing ...

Capitalism has been associated with the kind of economy that solely centered on profits.it is centered upon an economy that whose goals do not go beyond the making of profits. Mostly, capitalist economies are coupled with the privatization of land and property, where the ruling class owns most of the properties in the nation (Bowles, 2012). The lower class provides low-wage labor for the rich, and the economy is the greatest beneficiary of all these. The United States is among the states that are most associated with capitalist economies in the world. In the USA, entrepreneurship is the leading ...

The economy of the modern world reflects the two prominent theories of Adam Smith and Karl Marx. The world economy currently marked with free trade which Adam Smith theorizes in his book, the Wealth of the Nation. A small part of the world, however, is in the close trade applying the principle of communism. The western part, for example, engages in a free trade or capitalism form of economy, while a minor part of the world is in communist/socialist state. According to an online encyclopaedia, communist/socialist states include People Republic of China, Republic of Cuba, Lao People’s Democratic Republic, ...

Until the advent of the 20th century, China was a rural society composed of an agrarian economy with very little experience of the urban. This state of affairs however elevated the country into a collective socialist imaginative mirage of a Utopian system. The application of a Utopian system is largely associated with some of the 20th century leaders such as Pol Pot, Adolf Hitler and Josef Stalin whom in their quest for a Utopia on earth led to a “state of hell” where thousands of citizen got killed. Although the Utopian systems such as that of Adolf’s “Thousand year Reich” ultimately ended up in a ...