The Crisis of Capitalistic Democracy Essay Example | Topics and Well Written Essays - 750 words

The Crisis of Capitalistic Democracy - Essay Example The most evident and apparent thing about the book is Posner’s acceptance of the Keynesianism, where he expresses that although the Keynesian Economics is to be constructed upon the idea’s of Keynes, the practitioners in the field of economics has reshaped the ideas. It is also notable that the previous book he wrote is based on the failure of the capitalism, yet Posner staunchly believes in capitalistic approach and appears cautious of the free markets. Posner suggests reformation of the policies that seem rational and an interesting element. Thus, Posner concisely states in his book that the existence of market economies is the reason for the depression in the economy, therefore, the only solution to the current scenario is to let the government curb the depression with its sensible and well analyzed polices. What may be arguable here is that a person who staunchly believes in capitalism has suggested his own perspective of controlling an economy keeping in mind the b enefits that a capitalistic market offers. However, the benefits of market economy are largely ignored by Posner in the book (Ferguson, 2010). The condition unanimously requires to be dealt with, in order to curb the economic dip. But it must not be forgotten that throughout history the countries that were under the capitalistic economies switched to the Market economies; thus, it may be noted that the government has always taken advantage of the authority when given control of the economy as a whole. Therefore, I believe that the economies do not need a switch rather a change should be brought in the existent policies. In my perception, the capitalistic approach would hinder the competency levels in the market and, as a repercussion, the quality of the products and services will reduce. Therefore, if the economy is bad today it will be worse tomorrow (Ferguson, 2010). I believe that Judge Posner has tried to present a reform that is more demanding in its form and structure. He clar ifies in his book: â€Å"Campaign contributions – insulated in the name of the Constitution by a conservative Supreme Court from effective limitation – make the legislative system one of quasi-bribery. Modern communications technology and marketing techniques, along with the expense of modern elections, amplify the influence the interest groups, especially their influence in blocking change. The short electoral cycle (major federal elections every two years) truncates the government’s policy horizon† (p. 384). He apparently suggests here that our economy must re-establish Glass-Steagall in order to rebuild the financing regulatory agencies and to re-shape the Credit Rating Agencies. However, these policies are rigid in nature and are difficult to implement. Moreover, Posner has managed well to point out certain short-comings but in its wake has forgotten to realize that political norms are not stagnant and permanent. He ignores the other existent possibil ities of funding a campaign through public funds as an alternative to private funds. There are functional congressional bills that will aid in the provision of the alternative preferences such as Fair Elections Now Act (Ferguson, 2010). Nevertheless, Posner is correct in highlighting the mitigating factors that lead to the great depression. He mentions that crisis worsened after permitting Lehman Brothers to fail. This led to succeeding administrations response that

Jesse James Essay Example | Topics and Well Written Essays - 1000 words

Jesse James - Essay Example Rev. Robert, his father, was a Baptist minister who helped to find William Jewell College in Liberty, Mo. He was the most famous group member of the James Younger Gang. However, after his death, Jesse became a legendary figure of the Wild West. Unfortunately, he got killed from his own gang member, namely Robert Ford. Every century conveys its villains and heroes. Sometimes, a character sways forward with a mixture of two that can be due to the worlds that doesn't know whether to hate or love that person or he or she becomes a landmark in the complex study of mankind. Such milestone is Jesse James. He was born in Kearney, Missouri on September 5, 1847. Jesse James was a member of the famous group namely, James Younger Gang. Most of the people say that it was the brutal treatment from the Union Soldiers that changed the life of Jesse James and led him towards the crime during the Civil War. The war devastated the Missouri and shaped the life of Jesse. Undoubtedly, during the war, he learned how to kill while riding with his gang member William Quantrill and Bloody Bill Anderson. After the war, Jesse was injured whilst yielding. Within a year, Frank, another group member, and Jesse are suppose to have succeeded the first daylight bank theft in peace point in time. They ran away with $60,000 from the Liberty, Mo. bank not far from their dwelling. For the subsequently 15 years, the James boys wandered all through the U.S. robbing trains and banks of their gold, constructing a fable that was to exist more than a century after Jesse's passing away. However, during this time, Jesse got married to his own cousin namely, Zerelda after her mother and was called Zee in short. They both together had two children, J esse Edwards and Mary. A Pinkerton Detective Agency was called in to assist the catch of the famous thieves. On Christmas Eve, Jesse and Zee stimulated their family into a little house, which was located on top of the high hill. Living under the unspecified name of Tom Howard, Jesse rented the house from a city councilman.With his gang exhausted by arrests, deaths, and defections, Jesse realized that he had only two men left whom he could trust and they were his own brothers Bob and Charley Ford. To better defend his own self, Jesse asked the Ford brothers to move in with him and his family. However, Jesse did not know that Bob Ford had been carrying out secret discussions with Thomas T. Crittenden, the Missouri governor, to bring in Jesse James. Crittenden had made the capture of the James brothers his top precedence; in his opening address he affirmed that no political causes could be permitted to keep them from justice. Banned by law from presenting an adequately large reward, he had turned to the railroad and conveyed the corporations to put up a $10,000 reward for each of them. On April 3, 1882, after having his breakfast, the Fords and James arranged for departure for one more robbery, going in and out of the house to set up the horses. It was an oddly hot day; James removed his coat, and then affirmed that he should eliminate his firearms as well, in case he looks suspicious. James observed a dirty picture on the wall and stood on a chair to clean it. Robert Ford took benefit of the chance, and shot James in the back of the head. (City of St. Joseph, 2007). His murder became a nationwide commotion. The Fords made no effort to conceal their task. Certainly, Robert Ford wired the governor to assert his prize. As crowds pushed into the small house in St. Joseph to see the dead thief, the Ford brothers admitted defeat and surrendered to the authorities, but they were disappointed to find they were accused with first degree