Red Death Essays - Pestilence, Scarlet, Death,

Red Death Summary of the story "The Red Death had long devastated the country. No pestilence had ever been so fatal, or so hideous... There were sharp pains, and sudden dizziness, and then profuse bleeding at the pores, with dissolution. The scarlet stains upon the body and especially upon the face...shut out [its victim] from the aid and from the sympathy of his fellow men....[T]he whole seizure, progress, and termination of the disease, were the incidents of half an hour." When Prince Prospero's "...dominions were half depopulated, he summoned to his presence a thousand hale and lighthearted friends from among the knights and dames of his court, and with these retired to the deep seclusion of one of his castellated abbeys....A strong and lofty wall girdled it. This wall had gates of iron." The Prince had the bolts of the gates welded which left neither means "of ingress or egress to the sudden impulses of despair or of frenzy from within." "The abby was amply provisioned....The prince had provided all the appliances of pleasure .... buffoons ... improvisatori ... ballet dancers ... musicians ... Beauty ... wine. All these and security were within. Without was the 'Red Death.' " "It was toward the close of the fifth or sixth month of his seclusion, ... that the Prince Prospero entertained his thousand friends at a masked ball of the most unusual magnificence....[I]t was his own guiding taste which had given character to the masqueraders. Be sure they were grotesque....There were arabesque figures with unsuited limbs and appointments....madman fashions...much of the beautiful, much of the wanton, much of the bizarre, something of the terrible, and not a little of that which might have excited disgust." The masque was held in an imperial suite consisting of seven rooms. "The apartments were so irregularly disposed that the vision embraced but little more than one at a time. There was a sharp turn at every twenty or thirty yards, and at each turn a novel effect. To the right and left, in the middle of each wall, a tall and narrow Gothic window looked out upon a closed corridor which pursued the windings of the suite. These windows were of stained glass whose color varied in accordance with the prevailing hue of the decorations of the chamber into which it opened. That at the eastern extremity was...blue-and vividly blue were its windows. The second chamber was purple in its ornaments and tapestries, and here the panes were purple. The third was green throughout....The fourth...orange...the fifth...white...the sixth...violet. The seventh apartment was closely shrouded in black velvet tapestries that hung all over the ceiling and down the walls,...[with] a carpet of the same material and hue. But in this chamber only, the color of the windows failed to correspond with the decorations. The panes were scarlet--a deep blood color." "There was no light of any kind ...within the suite of chambers. But in the corridors...opposite to each window, a heavy tripod, bearing a brazier of fire...projected its rays through the tinted glass and so glaringly illumined the room....But in the...black chamber...so wild a look upon the countenances of those who entered [was produced], that there were few of the company bold enough to set foot within its precincts at all." It was within this same apartment that there stood a gigantic ebony clock whose pendulum swang "to and fro with a dull, heavy, monotonous clang." All who were present froze, and all activities ceased with the sounding of each hour by the clock. Musicians paused; waltzers stopped their dance; and the giddy grew pale. "But when the echoes had fully ceased, a light laughter at once pervaded the assembly...." The first six apartments were densely crowded unlike the seventh. The festivities continued "until at length there commenced the sounding of midnight upon the clock. And then the music ceased...and the evolutions of the waltzers were quieted; and there was an uneasy cessation of all things as before....[As] the last echoes of the last chime...sunk into silence, there were many individuals in the crowd who had...become aware of the presence of a masked figure [that no one had detected before]....[T]here arose at length from the whole company...[an expression] of disapprobation and surprise-then finally, of terror, of horror, and of disgust....[T]he mummer had gone so far as to assume the type [and appearance] of the Red Death. "When the eyes of Prince Prospero fell upon this spectral image...he was seen to be convulsed, in the first moment with a strong shudder either of terror or distaste; but, in the next, his

Crime misc0 essays

Crime misc0 essays From the beginning of time, crime has been evident in human existence, and from the first crime there has always been a punishment. And it came to pass, when they were in a field, that Cain rose up against his brother, Able, and slew him (Genesis 4:8). This for many people was seen as the first crime. This crime did not go unpunished. Cain was then ostracized from his colony and sent to wonder as a vagabond and a fugitive for his crime (Genesis 4:14). He was also branded with the mark of a murderer. Therefore, the presence of crime in human life is inevitable. Defined in Websters Dictionary, crime is, an act of violation against society and its laws. Punishment is the consequence of the crime. Crimes like fraud, burglary, assault, etc., are usually punished by prison terms. Murder, manslaughter, and homicide maybe punished by prison terms or death. Electrocution-the three legged oak chair was constructed in 1923 by inmates and is still used today. (ironic isnt it?) The electrocution cycle is two minutes or shorter in duration. Voltage and amperage levels peak on three occasions. Maximum current is 2000 volts and 14 amps. The executioner is an anonymous, private citizen who is paid $150 per execution. The position of executioner was advertised in several Florida newspapers in 1978. Lethal Injection-execution by lethal injection involves the continuous intravenous injection of a lethal quantity of a short-acting barbiturate in combination with a chemical paralytic agent. A number of doctors have pointed out that drugs may not work effectively on diabetics or former drug users, whose veins may be hard to reach. In some cases minor surgery may be required to cut in to a deeper vein, according to medical testimony. More states use this form of execution than all US states. Gas Chamber-prisoner is restrained in a hermetically sealed steel chamber below which is a pan. Upon a signal, the...

Alan Klein Sugarball

More importantly, Klein asserts, baseball is uniquely American in how it has spread to other nations and dominates the game elsewhere.   It has the largest and strongest organization, the richest teams, largest fan base, most lucrative broadcasting and advertising contracts, and most extensive networks for scouting and player development. Baseball’s presence in the Dominican Republic (among the western hemisphere’s poorest nations) is also uniquely American because, as with other aspects of American culture, it was brought there as American domination spread throughout the Caribbean American interests assumed control of the Dominican economy. However, unlike other American corporations, Major League Baseball did not provoke widespread, unmitigated resentment, but is for the most part supported by the nation’s people.   In addition, the methods long used to scout and sign Dominican ballplayers is similarly dubious and rifer with duplicity; Klein calls their methods â€Å"so reminiscent of those of the West African slave traders of three centuries earlier† (42). In terms of the game itself, the rules and style in each are generally the same, and while Dominicans play the game with an intensity equal with Americans, their approach to other aspects of baseball are more casual, reflecting that society’s leniency and lax approach to time.   While Dominican players play as hard as their American teammates and opponents, they embrace a much more casual attitude toward time, frequently showing up late for meetings or practice unless specifically required to be punctual.   In addition, they tend to be more exuberant and unrestrained; playing the game seriously is not equated with a somber demeanor. Most of the differences lie off the field, particularly in the atmosphere of a stadium on game day.   The fan culture is radically different; where American fans are more restrained, often get to games on time, and can sometimes be confrontational with other fans, Dominican fans are generally louder, more physically and temperamentally relaxed, more effusive (even with strangers), and, despite the demonstrative body language and shouting shown in arguments, there is far less violence than at an American ballgame. Klein attributes this to the fact that â€Å"[Dominican fans] are far more social than North Americans, more in tune with human frailty.   Because they see so much human vulnerability, because they are closer to the margins of life, they are more likely to resist the urge to bully and harm† (148). Economic power essentially defines the relationship between American and Dominican baseball, because Major League Baseball develops and signs much of the local Dominican talent, leaving the Dominican professional league and amateur ranks underdeveloped and subordinate to the North American teams who establish baseball academies and working agreements with Dominican teams. Since 1955, when the major leagues established working agreements with Dominican professional clubs (and, more significantly, eliminated the â€Å"color line† that prevented most Dominicans, who are predominantly mulatto, from playing), American baseball has shown its hegemony over its Dominican counterpart, turning the latter into a virtual colony by taking its raw resources and giving back very little in return.   Klein comments: â€Å"The lure of cheap, abundant talent in the Dominican Republic led American teams to establish a more substantial presence there . . . [and the] bonds between American and Dominican baseball came increasingly to resemble other economic and political relations between the two countries† (36). Klein writes that most Dominicans accept American dominance of their baseball, adding that â€Å"whereas giants such as Falconbridge and GTE are resented, major league teams are largely supported† (2), mainly because Dominican players have such a notable presence and bring positive attention to their impoverished homeland.   This support is by no means unconditional, though; they steadfastly refuse to approach the game with American businesslike gravitas; instead, they treat the game itself somewhat like Carnival, with joy coexisting alongside energetic, intense play. Resistance appears in the way Dominican players relax at home, interacting more freely with fans, who themselves resist American baseball’s decorum by being themselves and creating a festive, effusive, Carnival-like atmosphere.   According to Klein, â€Å"The game remains American in structure, but its setting is Dominican and it has become infused with Dominican values† (149).   Indeed, the park fosters a microcosm of Dominican society, particularly its impoverished economy, and unlike the more slick American baseball business, it does not exclude its marginal activities. In addition to the paid vendors and park employees within the stadium, an illicit economy flourishes both within and on the outside, with self-appointed â€Å"car watchers,† vendors, and ushers (adults and children alike) plying their trade for small fees, and bookmakers work openly, often in the presence of the police, who turn a blind eye to most illegal activity aside from the rare fight. Dominican baseball’s symbolic significance is not a sense of the pastoral heritage, like some in America interpret it; instead, it reflects Dominicans’ sense of themselves being dominated by the United States, and offers a symbolic outlet for striking back. In his preface, Klein writes: â€Å"The tensions between a batter who has two strikes against him and the opposing pitcher are a metaphor for the political and cultural tensions described in this book† (xi).   Indeed, the Dominican republic’s deeply entrenched poverty and long domination by foreign powers give it a feeling of vulnerability and compel its people to seek some means of besting the dominant power – if not politically or economically, then at least athletically. At the start of the book, Klein states that â€Å"every turn at bat is a candle of hope, every swing is the wave of a banner, the sweeping arc of a sword† (1).   Indeed, when a Dominican reaches the major leagues and excels, it is not merely an athletic success story but a symbolic invasion and conquest of the conqueror’s territory.   (The United States twice occupied the Dominican Republic in the twentieth century, an ever-present fact in Dominicans’ minds.) Also, the atmosphere in the crowd of a Dominican professional game serves as the country’s symbolic assertion of its culture in the face of American dominance.   At Santo Domingo’s Quisqueya Stadium, one witnesses â€Å"a mass spectacle that makes simultaneous use of American and Dominican elements. . . . [Baseball] at Quisqueya embodies many of the things that North Americans find blameworthy in Dominican culture – lateness, overly casual behavior, inefficiency.   But the Dominicans see these characteristics as a source of pride, and they take their game seriously† (150). The Dominican baseball press is a source of more open resistance; says Klein, â€Å"the press has inadvertently created a Latino universe of discourse, one in which North Americans are conspicuously absent† (127).   Its journalists display an obvious bias by devoting so much attention to Dominicans in the major leagues that one hardly knows other nationalities even participate. In addition, Dominican baseball writers openly blame Dominican baseball’s problems on American control, protesting a skewed economic relationship that mirrors the larger political and economic imbalance.   They promote much of the public’s pride, says Klein, but that pride is â€Å"tempered by the view that Dominican baseball is still an adjunct to the American game† (121).   Dominican resistance is thus aimed at countering this uncomfortable fact. In baseball terms, American culture interacts with Dominican culture by treating it with some degree of condescension and insensitivity.   Many American baseball professionals are impatient with Dominicans’ loose sense of time, quickly deeming Latino players uncoachable â€Å"head cases,† without looking at the cultural differences. Among Dominicans, says Klein, â€Å"There is none of the regimentation, guardedness, and nervous tension that characterizes players in the United States.   North American managers must take this looseness into account when they go to the Caribbean, for the players’ conception of the game and of time is as elastic as that of other Dominicans† (148). Despite the United States’ long domination of the Dominican Republic, the small nation’s people feel less anger than a mixture of muted resentment and aspiration to attain American material prosperity and stability, which for most are a distant, unreachable ideal.   Thus, when Dominican ballplayers reach the major leagues, their large salaries represent a sort of victory and source of immense pride for the small island nation.   Says Klein, â€Å"Much as archeological treasures attest to a rich Dominican past, salaries attest to the present† (128). Klein’s study pays keen attention not only to Dominican history but also to the ways in which Dominicans embrace this imported sport but also use their prowess to offer their own subtle response to American political and economic dominance.   The dynamic he describes illustrates not only American hegemony, but also how subordinated peoples’ identity and spirit can thrive even in the face of foreign domination. Klein, Alan M.   Sugarball.   New Haven: Yale University Press, 1991. Alan Klein Sugarball More importantly, Klein asserts, baseball is uniquely American in how it has spread to other nations and dominates the game elsewhere.   It has the largest and strongest organization, the richest teams, largest fan base, most lucrative broadcasting and advertising contracts, and most extensive networks for scouting and player development. Baseball’s presence in the Dominican Republic (among the western hemisphere’s poorest nations) is also uniquely American because, as with other aspects of American culture, it was brought there as American domination spread throughout the Caribbean American interests assumed control of the Dominican economy. However, unlike other American corporations, Major League Baseball did not provoke widespread, unmitigated resentment, but is for the most part supported by the nation’s people.   In addition, the methods long used to scout and sign Dominican ballplayers is similarly dubious and rifer with duplicity; Klein calls their methods â€Å"so reminiscent of those of the West African slave traders of three centuries earlier† (42). In terms of the game itself, the rules and style in each are generally the same, and while Dominicans play the game with an intensity equal with Americans, their approach to other aspects of baseball are more casual, reflecting that society’s leniency and lax approach to time.   While Dominican players play as hard as their American teammates and opponents, they embrace a much more casual attitude toward time, frequently showing up late for meetings or practice unless specifically required to be punctual.   In addition, they tend to be more exuberant and unrestrained; playing the game seriously is not equated with a somber demeanor. Most of the differences lie off the field, particularly in the atmosphere of a stadium on game day.   The fan culture is radically different; where American fans are more restrained, often get to games on time, and can sometimes be confrontational with other fans, Dominican fans are generally louder, more physically and temperamentally relaxed, more effusive (even with strangers), and, despite the demonstrative body language and shouting shown in arguments, there is far less violence than at an American ballgame. Klein attributes this to the fact that â€Å"[Dominican fans] are far more social than North Americans, more in tune with human frailty.   Because they see so much human vulnerability, because they are closer to the margins of life, they are more likely to resist the urge to bully and harm† (148). Economic power essentially defines the relationship between American and Dominican baseball, because Major League Baseball develops and signs much of the local Dominican talent, leaving the Dominican professional league and amateur ranks underdeveloped and subordinate to the North American teams who establish baseball academies and working agreements with Dominican teams. Since 1955, when the major leagues established working agreements with Dominican professional clubs (and, more significantly, eliminated the â€Å"color line† that prevented most Dominicans, who are predominantly mulatto, from playing), American baseball has shown its hegemony over its Dominican counterpart, turning the latter into a virtual colony by taking its raw resources and giving back very little in return.   Klein comments: â€Å"The lure of cheap, abundant talent in the Dominican Republic led American teams to establish a more substantial presence there . . . [and the] bonds between American and Dominican baseball came increasingly to resemble other economic and political relations between the two countries† (36). Klein writes that most Dominicans accept American dominance of their baseball, adding that â€Å"whereas giants such as Falconbridge and GTE are resented, major league teams are largely supported† (2), mainly because Dominican players have such a notable presence and bring positive attention to their impoverished homeland.   This support is by no means unconditional, though; they steadfastly refuse to approach the game with American businesslike gravitas; instead, they treat the game itself somewhat like Carnival, with joy coexisting alongside energetic, intense play. Resistance appears in the way Dominican players relax at home, interacting more freely with fans, who themselves resist American baseball’s decorum by being themselves and creating a festive, effusive, Carnival-like atmosphere.   According to Klein, â€Å"The game remains American in structure, but its setting is Dominican and it has become infused with Dominican values† (149).   Indeed, the park fosters a microcosm of Dominican society, particularly its impoverished economy, and unlike the more slick American baseball business, it does not exclude its marginal activities. In addition to the paid vendors and park employees within the stadium, an illicit economy flourishes both within and on the outside, with self-appointed â€Å"car watchers,† vendors, and ushers (adults and children alike) plying their trade for small fees, and bookmakers work openly, often in the presence of the police, who turn a blind eye to most illegal activity aside from the rare fight. Dominican baseball’s symbolic significance is not a sense of the pastoral heritage, like some in America interpret it; instead, it reflects Dominicans’ sense of themselves being dominated by the United States, and offers a symbolic outlet for striking back. In his preface, Klein writes: â€Å"The tensions between a batter who has two strikes against him and the opposing pitcher are a metaphor for the political and cultural tensions described in this book† (xi).   Indeed, the Dominican republic’s deeply entrenched poverty and long domination by foreign powers give it a feeling of vulnerability and compel its people to seek some means of besting the dominant power – if not politically or economically, then at least athletically. At the start of the book, Klein states that â€Å"every turn at bat is a candle of hope, every swing is the wave of a banner, the sweeping arc of a sword† (1).   Indeed, when a Dominican reaches the major leagues and excels, it is not merely an athletic success story but a symbolic invasion and conquest of the conqueror’s territory.   (The United States twice occupied the Dominican Republic in the twentieth century, an ever-present fact in Dominicans’ minds.) Also, the atmosphere in the crowd of a Dominican professional game serves as the country’s symbolic assertion of its culture in the face of American dominance.   At Santo Domingo’s Quisqueya Stadium, one witnesses â€Å"a mass spectacle that makes simultaneous use of American and Dominican elements. . . . [Baseball] at Quisqueya embodies many of the things that North Americans find blameworthy in Dominican culture – lateness, overly casual behavior, inefficiency.   But the Dominicans see these characteristics as a source of pride, and they take their game seriously† (150). The Dominican baseball press is a source of more open resistance; says Klein, â€Å"the press has inadvertently created a Latino universe of discourse, one in which North Americans are conspicuously absent† (127).   Its journalists display an obvious bias by devoting so much attention to Dominicans in the major leagues that one hardly knows other nationalities even participate. In addition, Dominican baseball writers openly blame Dominican baseball’s problems on American control, protesting a skewed economic relationship that mirrors the larger political and economic imbalance.   They promote much of the public’s pride, says Klein, but that pride is â€Å"tempered by the view that Dominican baseball is still an adjunct to the American game† (121).   Dominican resistance is thus aimed at countering this uncomfortable fact. In baseball terms, American culture interacts with Dominican culture by treating it with some degree of condescension and insensitivity.   Many American baseball professionals are impatient with Dominicans’ loose sense of time, quickly deeming Latino players uncoachable â€Å"head cases,† without looking at the cultural differences. Among Dominicans, says Klein, â€Å"There is none of the regimentation, guardedness, and nervous tension that characterizes players in the United States.   North American managers must take this looseness into account when they go to the Caribbean, for the players’ conception of the game and of time is as elastic as that of other Dominicans† (148). Despite the United States’ long domination of the Dominican Republic, the small nation’s people feel less anger than a mixture of muted resentment and aspiration to attain American material prosperity and stability, which for most are a distant, unreachable ideal.   Thus, when Dominican ballplayers reach the major leagues, their large salaries represent a sort of victory and source of immense pride for the small island nation.   Says Klein, â€Å"Much as archeological treasures attest to a rich Dominican past, salaries attest to the present† (128). Klein’s study pays keen attention not only to Dominican history but also to the ways in which Dominicans embrace this imported sport but also use their prowess to offer their own subtle response to American political and economic dominance.   The dynamic he describes illustrates not only American hegemony, but also how subordinated peoples’ identity and spirit can thrive even in the face of foreign domination. Klein, Alan M.   Sugarball.   New Haven: Yale University Press, 1991.

Medical Rights Essay Example | Topics and Well Written Essays - 750 words

Medical Rights - Essay Example In addition there are some associations who accomplish affairs such as health farms, consulting rooms or private treatment centers. Such individual corporations are restricted to follow the rule namely, privacy rule covered entities. There are many organizations which posses’ personal information about people and are permitted to expose it. These organizations may be insurance companies, working places, educational institutes, defensive groups or city district offices. These associations are permitted to expose individual’s personal health status, but only for the sack of patient’s health or for some important purpose. These purposes may be for the well consciousness of patient’s health status. This information may also be collected to ensure the condition of patients, as a standard for some organizational or judiciary affairs. The patient’s personal data can also be displayed to some Medicaid or Medicare to aid the patient financially. It can also be exposed for collection of data from the whole community, so that the epidemic infections can be diagnosed by the researchers. Information about the health status of the patient should be protected. This information might be some sort of conversations between the patient and the consulting doctor. The health information shared by the care taker or certain diseases, which have been diagnosed by some laboratories or by means of other parameters, should be secured by the concerned entity. The medical records of the patient in hospitals, working place, or vice versa, must be safe. The demands for payment, checks and receipts are protected by the health care institute. The advices of the doctors are only implemented by the care takers. Therefore it is necessary to share everything with them, but this exchange of knowledge should be very reliable and should be potted without any outflow so that the personal health information

Business Ethics Week 2 Term Paper Example | Topics and Well Written Essays - 250 words

Business Ethics Week 2 - Term Paper Example â€Å"Eminent Domain shall not be exercised unless it substantially furthers an important Government interest, and with respect to housing unless it specially fulfills an overriding Government purpose† (Ryskamp, 2007, p. 31). One can accept Eminent Domain as a positive activity if done to take over a decayed or unused area, for constructing institutions like hospitals, schools and other inevitable human requirements, for real economic development of the land, which is in public interest. It will also open up employment avenues and increase revenue of the community. Thus, the final result will be the revitalization of the community around that vicinity. Eminent Domain right will negatively affect individual who are living in that area for a long time, or have been locating their business centre in that area over a considerable period of time. Obviously, their fear that it will affect their business negatively is justified. Therefore, they may not be willing to part with their properly. The confiscation of one’s property without his full will despite for being a ‘just compensation† relates to a person’s feelings and emotions. A person apart from the money worth has feelings and memories attached to a place because it might be his or her roots. Therefore, it hampers the individual’s sentiments when the property or place is confiscated without the full permission of the individual. Quality and professional standard will have distinguished improvement and professional entry will be restricted which will help both government and public to avoid malpractices and encourage healthy competition. Renuemaration and wages of the professionals will have positive changes. Demerits includes factors like consumer cost will be relatively higher and it will force the consumer pay more for specialized work. Besides, it will also restrain the mobility of practitioners.

Daisy Buchanan : The Great Gatsby Essay -- F. Scott Fitzgerald

Behind every great man is a beautiful, charming maiden who holds his heart. What if this woman was not absorbed with taking care of his heart but was completely absorbed with money, reputation, and her own needs. In Fitzgerald's The Great Gatsby, Mrs. Daisy Fay Buchanan is the object of affection or the "rock of [Gatsby's] world."(99) All Daisy's life she has wanted to be noticed, to be heard, and to be loved. However, when everything she has always wanted is being held in her hands, in the form of Gatsby, Daisy chooses money as her form of happiness ultimately leading to her misery. Daisy's action and choices are extremely defined by her "East egg" way of life, which is a representation of old money and high class society within the novel. In short, Daisy thinks with her wallet instead of using her common sense, her head, or her heart. When reading the novel "it [seems]†¦the thing for Daisy to do [is] to [leave Tom], child in arms"(20) but unfortunately "there are no such intentions in her head". The reason being, Tom is her financial provider and equal socially. Even though Gatsby has enough money to support her now with his "drug stores" he will always be nouveau riche, a continuous flaw, according to Daisy's high class standards of life. If Daisy was not of high society or have money, she would lose what little power and influence she possesses as a woman of the 1920s. Some one as egoistical as Daisy cannot bare to be as unacknowledged like lower class society, but because Daisy is an ethereal beauty with money and charm her voice remains heard. At what cost does Daisy pay to keep her voice heard? Money allows her a form of power, yet "her face [is] sad and lo... ...burning and the heat is to the point of fatality Daisy only has Tom on her mind. Or it could mean Gatsby's love for Daisy makes the world outside around her so pleasant while Tom and his money creates nothing but a heat equal to burning fire and brimstone for Daisy's life. Though Gatsby is a great man and Daisy is the definition of charm and beauty, she will never allow herself to hold his heart. Daisy's love for money, her reputation, and her own needs have ultimately led to her down fall. Daisy chose to marry Tom and his wealth over being Gatsby's foundation of love. Daisy believed money would give her the attention, giver her the voice, and give her the love she wanted all her life. However, all she has received from pursuing money is misery. Works Cited Fitzgerald, F. Scott. The Great Gatsby. New York: Scribner, 1925.

Shareholder vs Stakeholder vs Market Failure’s Model

Business and ethics are often considered as opposite ends of a magnet, one in the means of seeking profit and other with the common assumption of refraining from profit maximization; so the question become is business ethics really an oxymoron? The usual perception of business ethics is very poor and pessimistic as many corporate executives say one thing yet do another. Although the maximization of self-interest and profit seeking is what drives the economy forward, but how should one’s actions be justified, is it ok to do as you wish as long as the law permits?Business managers along with other professionals have sets of ethical codes laid out and are to be followed. There is the bar set in place to monitor the practices of each individual lawyer; medical association for doctors as they perform medicine; and a ring to be worn to constantly remind the engineers of their professionalism and the potential consequences of their work (Heath). Managers on the other hand do not have an association to oversee the decisions they make, whether they are permissible by law or meet the moral obligations.However not having the standards on paper does not mean there aren’t any to be followed. In order to make justification for the type of behaviours business managers have and to outline the appropriate actions they should take, many ethical theories have been developed since. There are three that best represent the key perspectives in this matter; Friedman’s Shareholder theory, Freeman’s Stakeholder theory and Heath’s Market Failure Model of business ethics (Heath).Each of them is the pillars of which many other theories are based on but have very different and opposite views. The Shareholder theory suggests that manager has fiduciary duties to the shareholders only and must maximize profits as long as the law permits. The Stakeholder theory on the other hand suggests that managers have fiduciary duties to all stakeholders whom are positive ly or negatively affected by the decisions of the firm; shareholders are only of the stakeholders and their benefits cannot account for all.The making of one group’s benefits can only be made in conjunction of making all other stakeholders better too; shareholders are no more special than the suppliers, customers, employees and communities. Both the Stakeholder and Shareholder’s theories are biased towards different ends, one suggesting profits to be maximized for one group while the other stating that profits should be common good for all. Furthermore, the Market Failure Model of business ethics comes in between the two, yet containing arguments of both but in revised versions.I will argue in this paper that the Market Failure Model is the one that best describes the causes and effects of the business environment we have today and the role ethics play within it. First, an extraction and analysis of the Market Failure Model will be conducted and be used to explain why it is the best fit for the current business environment and ethics. I will then explain the shortfalls of the Shareholder and Stakeholder theories and why they lack considerations on a broader scope. Market Failure Model Market failure is the situation when the competitive market fails to provide an efficient outcome.In order for an efficient allocation of resources, there must be the absence of externalities, symmetrical information between buyers and sellers, insurance markets, and utility maximizing agents whom are rational when making decisions (Heath). However in the real world, the above conditions are rarely met and thus the idea of a perfect market becomes only ideal in theory but impractical in reality. In response to such failure in the market, two corrective phenomenons exist. The first being the creation of corporations which is organized in a system of hierarchy.Managers have fiduciary duty to follow legal as well as moral constraints to achieve profit maximization for members in the hierarchy, in this case the shareholders. Moreover, in order to achieve the highest profits for anyone in the market, they will need to compete in prices as well as product innovation. Many historical scenarios has proven that competition leads to economic advancements where without it would result in economic stagnation. China and India had been communist states in the past where there were minimum price competition and product innovations, the government had full control and attempted to effectively allocate resources.However such intervention only led to full economic stagnation and poverty for its people. By the late 80s, both the Chinese and India government returned control to the market itself where competition for profit resumed and thus the economies began to advance and has brought prosperity upon its people. This not only proved profit seeking, price competition in the market is rather healthy for the economy but also concluded that government interventions in the market can create unneeded deadweight loss.The second response to Market Failure involves preservation of the market transaction and is subject to legal and regulatory constraints (Heath). In a competing market, there are various strategies firms may take to maximize their profits. Strategies that involve only of lower prices, better quality and product innovation that would exist in perfect completion are referred to as preferred strategies whereas the ones involving pollution, misleading advertising, sale of products with hidden defects are called non-preferred strategies (Heath).From the Market Failure’s perspective, the ethical firms will refrain from using non-preferred strategies even if they are allowable by the loophole of the law and regulations. These firms seek non-preferred strategies because they bring easy and quick forms of profits, but it is also short lasting. â€Å"Misleading advertising stands to false advertising as deception does to fraud† (Heath). When firms adopt misleading advertisement for its products, it will bring short term profits before consumers realize they are being deceived.However when consumers do acknowledge the unethical behaviours of the business, they will switch products and by the word of mouth spread unfavourable comments of the firm; thus in the long run, such business behaviour is not practical as bad reputation leads to loss of sales and eventual closedown of operations. Profit seeking often bears negative conceptions due to the frequent exploitation of the market and flaws of the legal and regulatory systems.These firms fail to consider the moral obligations they must also endure. The analogy between â€Å"orporate social responsibility† and â€Å"Good sportsmanship† effectively compares and applies such concept. Having good sportsmanship does not only include not breaking the rules of the game but also refraining from exploiting the loopholes and flaws of the regulations. Taki ng basketball for example, unavoidable physical contact will occur during the game; however one should avoid purposely injuring other players just to win.Although certain teams do adopt such tactics like those firms using non-preferred strategies to make money, but most top ranked teams along with the most reputable firms still win by applying only of the preferred strategies. Attack on Shareholder’s Theory Milton Friedman’ Shareholder theory argues that there is a fiduciary relationship between the managers and shareholders; managers by all means possible and permissible by law, must maximize profits (Friedman). However recent corporate scandals proof otherwise.The case of Enron for example, where corporate CEO and president along with other top executives engaged in a sequence of deception behaviours to achieve the maximum profit, not for shareholders but for themselves. Even on the verge of bankruptcy, these top managers froze the shares held by common shareholders so they could sell out all their shares while everyone else will suffer the drop in price. This proved the willingness to break the law never mind moral obligations, in order to maximize the self-interests of the managers themselves.It is mistaken to trust the strength of the fiduciary relationship between managers and shareholders where the shareholders are without protection. One may argue that shareholders can simply fire the irresponsible manager, but as Enron proves, these managers can easily cheat shareholders without being found out until it is too late. Another shortfall of the Shareholder theory is the inconsideration for others who are also affected by the firm’s decisions. Lockean argues that shareholders are entitled to the profits as employee deserves their wages, but it is unconvincing because it only defines the legal obligations but not the moral (Heath). We have no legal obligation to give but do not mean we have no moral obligation to give to charity†( Heath) This quote from Heath suggests that even though it is not by law that we must be moral and has concerns for other, but it doesn’t mean there aren’t any moral and ethical codes to be followed. Attack on Stakeholder Theory The Stakeholder theory compared to the Shareholder theory argues that managers have fiduciary duties to everyone who are affected by decisions of the firm, including suppliers, customers, employees and many others (Freeman).It is true that consideration for these stakeholders are important when making business decisions however it doesn’t mean managers have fiduciary duties to all. Managers in corporations are trusted directly of property rights of shareholders with no alternatives and minimum protection against uncertainties. Suppliers, customers, employees and other stakeholder on the other hand have the ability to choose whether they are to be affected by the corporation.If suppliers refuse to agree to conditions and prices offered by firm, they may wish to supply to other firms instead; when customers refuse to pay for certain products or cannot agree to values (values referred to the corporate operations and its effects in the society) offered by the firm, they may choose not to purchase it’s products; and lastly employees may choose to resign from his position when conflict of interest and ethical concerns occur or may blow the whistle and expose the wrong doings of the firm to the public.Each group of stakeholders have their own alternatives in dealing with managers decisions and do not have property rights already invested and paid to managers for the outcomes of their performance thus they cannot be considered as having fiduciary relationships with managers. The major flaw of the stakeholder theory is that it assumes the stakeholders are not capable of making their own rational decisions and has left the responsibility of their wellbeing in the hands of others.The second shortfall of the Stakeholderà ¢â‚¬â„¢s theory is its short-term and narrow scope view of the matter and failed to consider the long-term strategies of the firm and wellbeing of the people. Walmart has been growing exponentially in recent years, but has also been experiencing much negative publicity like poor wages and benefits for its employees. When worker aren’t paid enough, the most common solution they seek is from the managers raising their wages.However most of these workers fail to realize they are only being paid according to their skill sets, rather than holding the managers and corporation responsible they should instead reflect on themselves and obtain higher education or more specialized skills to be worthy of their pay. If workers demand two or three dollars increase of their wage, they also need to consider the overall effects on the firm and not just themselves; it is not about a little more on one person’s pay cheque but the effect of thousands of workers and the incremental costs t hat a firm will bear.The market is competitive in nature, when firms fail to make profits, it will cease in existence in the long run. When the firm becomes bankrupt, all employees will lose their jobs and whom should be held responsible for that? Conclusion In conclusion, all three theories share different views of business ethics and the role of managers should take in it. Shareholder theory argues managers have fiduciary duty to shareholders only and should seek to maximize profits as long as it’s legally permissible; Stakeholder theory states managers have fiduciary duty to all stakeholders and must make ecisions so when certain stakeholders are made better off, the others involved must also be better than their original state. Both of these theories tries to outline what behaviours managers should take on a biased perspective yet fails to fit actual economic and market characteristics. Heath’s market failure model on the other hand suggests that managers do have f iduciary duties to shareholder only but should make decisions meeting their moral obligations as well, meaning adopting strategies that best benefit the firm and the society in the long run.Certain firms may donate to charity because they feel morally responsible or perhaps to cut taxes or simply for publicity; however in the overall wellbeing of the society, intentions matter but results matter even more. Firms that adopt non-preferred strategies will eventually break laws or be publicly criticized, will suffer losses in sale and be eliminated by firms applying preferred strategies because the market works to correct itself of its failures. Bibliography Heath, J. (n. d. ). Business ethics without stakeholders.In F. Allhoff & A. Vaidya (Eds. ), Business in Ethical Focus: An Anthology (pp. 110-126). Peterborough: Broadview. Friedman, M. F. (n. d. ). The social responsibility of business is to increase its profits. In A. Allhoff & A. Vaidya (Eds. ), Business in Ethical Focus: An Antho logy(pp. 65-69). Peterborough: Broadview. Freeman, E. F. (n. d. ). A stakeholder theory of the modern corporation. In A. Allhoff & A. Vaidya (Eds. ),Business in Ethical Focus: An Anthology (pp. 69-78). Peterborough: Broadview.