Sociological Theories Of Global Climate Change - 1611 Words

2. Sociological Theories of Global Climate Change Sociological knowledge on global climate change has its roots in environmental sociology - a specialty field that developed in reaction to increased social awareness of environmental problems in the 1970s. Environmental sociologists examine and theorize the complex and multifaceted relationship between human beings and their natural environments, including the question: why do social systems tend to exceed their ecological carrying capacities (Nagel et. al., 2010)? Despite its foundational focus on the human-nature nexus, environmental sociologists have only recently turned their research attention to global climate change. There is, however, a great deal that sociologists in general, and†¦show more content†¦143). The political economy approach draws its inspiration from the nineteenth-century writing of the Karl Marx and Fredrich Engels. Marx believes the human-nature nexus is inevitable. Because nature is the primary source of human’s means of subsistence. For Marx (2012, p. 148), â€Å"The worker can create nothing without nature, without the sensual external world. It is the material on which his labor is realized, in which it is active, from which and by means of which it produces.† So, it can be said that the more the worker, by his labor, extracts the means of subsistence from nature, the more he loses his means of life from the nature in two ways: 1. The nature ceases to be an object belonging to worker’s labor; 2. The nature ceases to be means for the physical subsistence of the worker. In this way, the worker just becomes a servant of the nature: as a worker, and as a physical subject. So, the deprivation of workers is inherently built in the nature of their labor that always favors the owners of the means of production. According to Marx (2012, p. 149), â€Å"It is true that labor produces wonderful things for the rich-but for the worker it produces privation. It produces palaces-but for the worker, hovels. It produces beauty-but for the worker, deformity. It replaces labor by machines, butShow MoreRelatedClimate Change And Sociology : Global Warming1253 Words   |  6 PagesClimate Change and Sociology Danielle Cluphf College of Western Idaho  Climate Change and Sociology Climate change known as global warming has been steadily increasing over time. Global warming is a catch phrase of social confusion. Society feels uncomfortable with this notion. Is it real or fake? Little do people know that human progression and population growth adds to carbon emissions in the atmosphere. The term greenhouse gasses mean H2o or water, Co2 or carbon dioxide, and N20 known as nitrousRead MoreGlobal Warming And Climate Change Essay1387 Words   |  6 PagesClimatic changes have been a major concern in the recent researches. The changes have negatively affected the production across the world and also the human lives are at stake. 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Viable Crypto Currency or Investment Bubble Essay

Imagine a currency that can be sent around the globe instantly from one client to another, without any hefty transaction fees. Although, this achievement is seemingly impossible, Bitcoin, a form of digitalized monetary value, accomplishes just that. Until recently, money has always been perceived as a physical note or coin that can be used to make transactions. However, Bitcoin is basically an encrypted digital block that can be stored in an online wallet and securely stored, sent, and received via a special network on the Internet (Friedman). Programmed in 2009 by an anonymous group known as â€Å"Satoshi Nakomoto,† (Timpane), Bitcoin appeared on online exchanges as the world’s first decentralized virtual currency. It has been bought and sold†¦show more content†¦Without a bank to manage the supply of this crypto currency, the price is unregulated and proves to be extremely volatile. This price fluctuation is one quality that is holding the legitimacy of Bitc oin back because it needs a consistent value for practical use in the monetary world. As speculative investors buy and sell Bitcoin, the price varies at extreme rates. But in support of Bitcoin’s long-term future, the price has shown a steady uptrend in the past year, peaking at around $1200 (See Apendix I). Eventually, a steady value will be reached to establish the actual price of Bitcoin. The positive aspect of Bitcoin’s decentralization greatly outweighs this temporary problem of volatility. The lack of the Federal Reserve’s regulation essentially allows this virtual currency to eradicate inflation. Ed Grabianowski describes inflation as a process when a unit of currency loses value because more units are produced and put into circulation by the regulator in attempts to solve financial issues (â€Å"What Exactly is Inflation?†). Bitcoin does not face this problem since it has a predetermined supply: 21 million digitalized blocks (â€Å"Betting on the Bitcoin Buzz†). Instead of having a regulator through banks and the government, which can inherently fail, Bitcoin relies on regulation through a mathematical equation. To comprehend this regulation, the process of mining must first be understood.Show MoreRelatedAnalysis Of 2015 Advanced Micro Devices7591 Words   |  31 Pagesexcellent performing cards at low prices. At this time crypto currency mining was very profitable and these cards were the best available performance to price products. Demand for the cards soared but sellers raised the prices. This meant that AMD was not able to capture the full value that customers were paying for its products. Additionally the cards were no longer viable for gamers due to the price increase. When the crypto currency bubble burst, the market flooded with used versions of these cardsRead More2015 Advanced Micro Devices ( Amd )8126 Words   |  33 PagesAt this time, crypto currency mining was very profitable and these cards were the best available performance to price products. Demand for the cards soared, but sellers increased the prices. This meant that AMD was not able to capture the full value that customers were paying for its products. Additionally, the increase in price yielded a long-term reduction in market share because the cards were no longer viable for gamers due to the price increase. When the crypto currency bubble burst, the market

Doctrine of Capital Maintenance for Corporation Law- MyAssignmenthelp

Question: Discuss about theDoctrine of Capital Maintenancefor Australian Corporation Law. Answer: Under the aspect of Australian Corporation Law, Doctrine of Capital Maintenance plays an integral role. On analyzing the basis of formulation of Doctrine of Capital Maintenance it can be identified that, due to the limited liability of the stakeholders, safeguarding the interest of the creditors have been a major concern. In order to manage the issue, doctrine of capital maintenance has been developed, that is a collection of laws formulated for the purpose of ascertaining that the company receives the capital supposed to raise and another factor resulted in the formulation of the doctrine is maintenance of the capital that is necessity of the business, in order to provide protection an benefit the organizations creditors (Tomasic, 2015). Thus, the main rationale of origin of Doctrine of Capital Maintenance have two major edifice firstly, to safeguard the creditors interest and secondly, to ascertain lawful dissipation of the companys assets. In this context the case of Trevor v Whitworth [1887] 12 App Cas 409 is mentionable. In the particular case it was stated by the House of Lords, the loss of the paid up capital in the course of trading of a company cannot be prevented (swarb.co.uk, 2017). However, the company or the members of the company are liable to the creditors in regards to the remaining capital and companys coffers, wherein they are required to ascertain that not part of the creditors are paid out on their part, other than legitimate demand of the business. On analyzing the above made discussion the benefits associated with Doctrine of Capital Maintenance can be clearly observed. One of the major benefit associated with the implementation of the Doctrine of Capital Maintenance is it safeguards the interest of the interest of creditors of the company. In addition to the above made discussion, with the help of implementation of Doctrine of Capital Maintenance it can be further ascertained that the existing compulsory share capital of a company is used for the benefit of the creditors and hence provides the creditors safety net and guarantee in regards to creditworthiness of the company (Islam, 2015).. The other mentionable benefit associated with the implementation of Doctrine of Capital Maintenance is the fact that with the implementation of the doctrine lawful dissipation of the companys assets can also be ensured. However, there are certain exceptions associated with the Doctrine of Capital Maintenance. Under Corporations Act 2001 [256B], a company is entitled to reduce the share capital in a manner which is legitimate in nature. Similarly, under Corporations Act 2001 [257B] buy back procedure have been provided which helps in ascertaining lawful dissipation of the companys assets and shares. Under Corporations Act 2001 [260A], aspects associated with financial assistance on the part for a company are provided in regards to acquiring shares in the company or holding company (Austlii.edu.au, 2017). Corporations Act 2001 [259A] provides with legal considerations associated with directly acquiring own shares (Austlii.edu.au, 2017). These are certain exceptions associated with Doctrine of Capital Maintenance which are required to be taken into consideration on the part of the organizations particularly the creditors. References Austlii.edu.au. (2017). CORPORATIONS ACT 2001 - SECT 259A. [online] Available at: https://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s259a.html [Accessed 23 May 2017]. Austlii.edu.au. (2017). CORPORATIONS ACT 2001 - SECT 260A. [online] Available at: https://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s260a.html [Accessed 23 May 2017]. Islam, M. S. (2015). The Doctrine of Capital Maintenance and its Statutory Developments: An Analysis. Northern University Journal of Law, 4, 47-55. swarb.co.uk. (2017). Trevor v Whitworth: 1887. [online] Available at: https://swarb.co.uk/trevor-v-whitworth-1887/ [Accessed 23 May 2017]. Tomasic, R. (2015). The Rise and Fall of the Capital Maintenance Doctrine in Australian Corporate Law.