Law management assignment help report on: John Rawls of justice
Executive Summary
The objective of the John Rawls of justice is to provide justice for the community and the betterment of the individual. In this report, John Rawls of Justice has been described to know the business practices depicted in the Fall of Lehman Brothers promotes justice as the first virtue of the community (Brown, 1984). In this report, it has been described how the primary social institutions like Securities Exchange and Commission promotes justice as fairness in accordance with Rawls. The maintenance of the stock market exchange and protect abuses relating with the involvement of corporate securities this shows that how the SEC promotes justice as fairness in accordance with the theory of justice.
John Rawls of Justice
According to the Rawls theory of Justice is categorized into three divisions such as first transacts through political theory, second transacts with application of political theory & the third transacts with an investigation of better life for the person. The aim of the Rawls is to offer justice for the community and the betterment for the person and according to him better life can be accomplished in the community if citizens live in the community portray the role as good individuals. It can be seen that it is fairly possible that the analysis of moral sense, moral judgments and moral sentiments shall be equally appealing. It can be seen that philosophy of justice assist to carry to a near a quite barren period in moral justice, a period in which ethical justice was fascinated and restrained by theoretical analysis. It is observed that Rawls publication came at the moment of the occasion of normative ethics of involvement with concerns of personal conduct & public policies and it considerably advanced the stimulation. In general Rawls theory implemented by the people as justice as equality in order to find out that the outcome is constant with the social equity or not. It is very clear that if any process does not match with principles of Rawls then that process seems to be inconsistent with theory of social justice .This theory of justice can be implemented to analyze government policies that they are consistent with philosophy of social justice or not. It can be seen that Rawls presented his philosophy as a current approach to utilitarianism where he thinks that justice should be related with equity and morality fairness of individuals. The egalitarianism in theory of Rawls arrives out in different ways. Firstly, justice is attached to equality, the values which free and persons attached to advance their interest might accept in initial stages of equality as explaining the basic definitions of their relationship. Secondly, insistence on routine justice that is intended to abolish the consequences of certain contingencies which place men at chances & attract them to destroy circumstances of social & natural to their benefits. Rawls builds that well being of everyone is reliant on an idea of cooperation without that no one would have an acceptable life. Thirdly, Rawls insists that the citizens not only enjoy the freedom but they have adequate means to create effective implementation of their freedom. According to perception of Rawls, egalitarianism does not guarantee citizens to make efficient implementation of their fundamental liberty (Cortner, 2007).
It has been analyzed that there has been drastic change in the attitudes of the American People towards food particularly between the upper middle and educated class. It can be seen that there is an influential movement towards the food. The issues of sustainable agriculture, safety of the food, animal welfare and the illegal immigration all of these concerns are broadly analyzed. There has been a dramatic shift in eating habits of the individual and knowledge between the upper middle and well educated class. For evidence of that, the achievement of the Network of the food, Whole foods, the increase of celeb chefs, and the awareness of markets of farmers all can be observed as excellent sellers about the food. It can be seen that some individuals are anxious about the movement to transform the system of the food is exclusive which currently appeal the wider segment of the community. The movements of civil right, abolition movement they all started between the upper middle and well educated class. It can be analyzed that movements of the food will develop and expand widely throughout the community.
During the time of the crisis, various household in the areas of insurance, banking, financial services & investment banking were stopped to survive and were takeover by other big companies and accepted huge amount of government funds & fractional government possession in the area of looming collapse. It can be seen that these companies were Lehman Brothers, Bear Stearns, Merrill Lynch, Chyrsler and General Motors. The Federal system & other officials of the Government reacted with a realistic analysis of the global crisis which had destroyed the world. They viewed to the current structures & institutions to recognize the difficulty and to plan a situation. The difficulty prevails due to deficiency of liquidity. The difficulty arrived due to the insufficient information provided by the rating agencies. The government required to offer instant relief by considerably enhancing the source of which everybody was agreed and lacking credit. The current global crisis had shifted the concentration from governmental forms of control to the wider concepts of business ethics. It can be seen that business ethics prevails in the shape of corporate Social Responsibility & corporate Governance. Due to Globalization and sophisticated consumerism, companies face an overwhelming confronts to build their excellence proposition in the front of the shareholders. The confusion for the Company, is remained the similar, the fight among practices of business ethics, profitability and sustainability (Meikle, 1995). The Convention of Ethics has been designed exclusively in order to solve the issues of Lehman Brothers. The exclusive needs of the Company, and to offer a structure within that to operate both ethically & legally. The Business practices adopted by the Fall of Lehman Brothers in accordance with the Code of Ethics that enables the Company to manage the business with maximum ethical standards and applicable law. The business practices adopted by the Company in accordance with code of Ethics to face with issues of ethical and offer an instrument for the coverage of unlawful and unethical conduct & to assist in building a culture of responsibility and honesty. This shows that business practices depicted in the Fall of Lehman Brothers promotes justice as the first virtue of the community. The business practices adopted by the Fall of Lehman Brothers are to control the wider aspect of Business ethics. The Lehman Brother provides equal opportunity to employees and full, accurate and timely disclosure of the information to the employees of the Company..
The primary social institutions promote justice as fairness in accordance with Rawls.
It can be seen that SEC is accountable for governing the seven major laws which direct the industry of securities. The Securities deed of 1933, the Securities Swap deed of 1934, the Savings Company deed of 1940, the Saving Advisers Deed of 1940 and mainly currently, the Credit Agency Reform Deed of 2006. The SEC was started by the Congress of U.S in 1934 as a quasi legal dictatorial and independent agency throughout the period of Great Depression which followed the crisis of 1929.The major purpose for the incorporation of SEC was to control the market of the stock and protect abuses linking to the contribution and offering of corporate reporting and securities. The SEC had authority to regulate the market on stock exchange, the company whose security traded on stock exchange, and the dealers who formulated the trading. The U.S SEC is a central agency that holds primary accountability for governing the central securities laws & regulates the industry of securities, the futures exchanges & stock of the nation & other electronic markets of securities in the U.S. The maintenance of the market on the stock exchange and prevent abuses associating with the contribution of corporate reporting and securities this shows that the Securities and Exchange Commission promote justice as fairness in accordance with Rawls. The theory of Justice according to the John Rawls to protect the system of the patent against charges which it has an inequitable effect on the medication approach from the perception of domestic and global justice (Sergiovanni, & Carver, 1980).The system of the patent is equitable in a global context, because it compliments the property rights and it gains the minimum society of members by offering benefits for entrepreneurs and investors. In short patent system must comprise of emergency exceptions to transact with inequities of short term (Howard, 2007)
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