The quotation ‘money makes the world go round’ was first used in a musical play ‘ Cabaret’, it was written in the ’s. the play was a melancholy one, in one of the songs the female lead expresses her wish for love, the male protagonist replies with this line in the song. Money makes the world go round Essay Sample. Life and money, which support it, make the existence of people purposeful and intelligent, money becomes the self-value nowadays. 6. 1 Unselfishness – Pity – Friendship. For a lot of people these things are rather unimportant. All they are interested in is money. For them it seems that “money makes the world go round.” Is that really true? 7. 6 wrong topic Unselfishness – Pity – Friendship. For a lot of people these things are rather unimportant. Dan Jones Professor Ott Paper 1 9/13/07 Music makes the world go round Music besides money is another thing that makes the world go round. Money makes the world go round" Money makes the world go round " is a popular saying in today's. society because its true. If you have money, you can get anything imaginable. Look at O.J. Simpson for example. He was charged with double. murder. If that was a regular person, that trial would of been over a long. time ago.
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Money makes the world go round Essay Sample
In this book, Garson emphasizes that it is the restless flow of investment capital that distributes the gains and advantages of the free market, democracy, and the mass media to our progressively more borderless world. Simultaneously, Garson bewails the poverty and suffering visited upon the less fortunate billion individuals who bob like corks on the rising and falling economic deluge.
For almost the first half of the book, Garson tracks this money—or, relatively, money that may well have been hers but was in principle unfeasible to recognize as such. Morgan Chase JPM , its correspondent bank, to help fulfill a federal funds reserve condition. In doing this mission, Garson intends to work out what Chase would do with the money and trace those it consequently touched. The hypotheticals Garson turns up with are just as appealing as the verifiable facts in this book.
With commendable firmness, Garson bangs on plenty of doors at Chase, and ultimately several do open. During the time of her study, the bank was distributing letters of credit and loans right and left to entrepreneurs and multinationals in Southeast Asia, and some of these Garson visit them.
Thus, Garson flies to Map Ta Phut, Thailand, to observe a new oil refinery that is being in part —as Garson thinks— funded by her money. While in Thailand, she discovers a jellyfish exporter and several shrimp farmers. All the way through Thailand, Malaysia, and Singapore she chats up everybody ranging from small-business owners and plant managers to street vendors and migrant workers. Garson came to know that a lot of the people have left ancestral villages and families behind to get a grip in the growing economy.
SOC , whose revenue were failing.
Price, who had earned his status by means of forcing firms to sell off properties or else release shareholder value, aimed at Sunbeam for a restructuring.
The book is not without a political spin and a moral force. One of the most horrible villains we come across is Dunlap, the doyen of rationalizing. Throughout his stay at Sunbeam, Dunlap almost clear-felled the firm, wiping out thousands of jobs and lives, and even losing his shareholders a huge amount of money. With passion, Garson demonstrates what she considers as his pretense and hypocrisy and the line of hogwash he fed analysts and investors.
Money Makes the World Go Round
Nevertheless, there is a humanism and depth here that surpasses the potshots at Dunlap. During the sequence of her reporting, Garson nearly becomes a native of Portland, Tenn. Garson skillfully describes the social drama of Portland natives bearing the loss of their livelihood. Next, she heads up to the factory town of Biddeford, Me. Then, Garson ultimately doubles back to catch up on all her connections.
In Thailand the growth has been busted. And in the United States, she restores communication with her Maine and Tennessee friends. Although these people are a world apart, Garson was able to obtain universal lessons regarding the unending strain of capital and the character of the global economy. Nevertheless, Garson said that the goodies in this global village are very unequally distributed. European investment and labor laws have so far avoided much use of the strip-and-dump method; however these laws are now being revoked by governments attempting to be business-friendly.
Nevertheless, aside from villains, there are heroes in the book as well: In the middle of all these entertaining and earthly stories, Garson elucidates with absolute lucidity how the international financial markets operate, the driving force of shareholder values, the growing dis-articulation between capital and workers, productivity and profit.
With this book as a textbook in international political economy, the reader can notice that Garson is resolutely on the side of the people and she creates an image, frame by frame, of how the globalized economy have an effect on people. Then the reader will start to observe one of the focal problems in this entire argument, which is the separation of the social and the economic.
Another supposition in the book is that there actually is a free market in the world economy that everybody, when they have become a producer, is contending in an open and fair field.
The cruel circle of currency susceptibility beforehand, certainly, distorts such a picture; yet the simple truth is that traditional protectionism is flourishing and well in the richer countries. Upon reading the book, the reader will realize that exports coming from the less economically developed nations into the European Union — let alone the U.
Furthermore, governmental subsidy in the developed nations combines with protectionist tariffs in maintaining an extreme inequality in access to the legendary open market of globalizing premise. In reading the book, the reader will also be able to come up with challenging thoughts regarding the present mechanism of the global economy, which is to reflect if capital mobility can indeed be a cause in establishing permanent and catastrophic social changes and whether lip service to free trade is exactly that and no more.
Moreover, one could also reflect on the diverse phenomena of debt, which play a vital part in the ongoing immobilization of local economies. Lastly, this book is very helpful to people who wants to study international political and for those people who are attempting to study about the world of investing.
This book is truly a must-read and a helpful book because finally, certain detail and information regarding investing that is more than just numbers and returns is finally offered to the public. Money Makes the World Go Round.