MOTION IN TWO OR THREE DIMENSIONS PowerPoint Presentation

MOTION IN TWO OR THREE DIMENSIONS - PowerPoint Presentation Example An example, the position vector of the particle gives the position of a particular time and this makes the velocity vector on the derivative of the position Positional vector also location or radius vector is the representation of a point in the relation to an origin. Positional vector in geometry is used in two or three-dimensional space but it can generalize to include space with given number of dimensions. The vector is used in different geometry to describe continuous and differentiable space curves. The vector is also used in mechanics in equation of motion (Chatterjee, 2009). The function defines the motion of a particle with its location in relation to the given coordinate system. Positional vector is a function of time and the three derivatives are computed with respect to time. The derivatives are used in kinematics, engineering, and control theory. Acceleration vector is the rate in which an object in motion changes its velocity the vector has no issue to deal with the going fast of an object in motion but it is concerned with the changing of how fast the object is moving (Davis and Porta, 1994). The consideration of acceleration vector is done in three dimensions. The acceleration vectors are even done to curved motions. The components of the vector is done to speed of traverse and also the curve in the direction of the velocity vector (Davis and Porta, 1994).Acceleration for the vector has also to do with centripetal components for the circular motions and is brought about done to the changes in direction and is always normal to the trajectory and also pointing towards the center of the curved path. The vector is so much related to specific relativity, which describes the behavior of the objects that are travelling relatively to other object and accelerations that are approaching that of light in a vacuum (Davis and Porta, 1994). Acceleration vector is used in

Cost and value Essay Example | Topics and Well Written Essays - 3000 words

Cost and value - Essay Example t project, a joint venture between an NGO and the private sector, presents an excellent example of how long-term benefits can be achieved by enhancing the overall value to all stakeholders. This paper analyzes the cost and value management processes in this project. Cost and value are both important concepts that need to be considered and controlled in any project, taking an integrated view. (Venkataraman & Pinto, 2008, pp.2-3) In order understand why this is so, and to appreciate the relationship between the two, it is necessary to first recount certain basic principles. Cost Management, at the project level, is concerned with cost estimation, budgeting and cost control at the implementation phase, and the revenue streams resulting from the pricing policy and volumes, the cost of capital, and the input costs at the post implementation phase. Value management is concerned with the maximization of the value created by the project within the constraints of cost, time and other resources. On an ongoing basis, the appraisal of projects on the basis of value crated should consider the direct and indirect returns flowing form the project that create value. The aim of value management is to ensure that the total value accruing to all stakeholders is maximized. It should be remembered that the concept of value will differ from one stakeholder to the other. Cost and value management need to be integrated in order to obtain optimum results. We can define value as the benefits accruing to various stakeholders. According to Venkataraman & Pinto (2008), value is â€Å"meeting or exceeding the expectations of project stakeholders.† In financial management, value addition is the difference between the net revenue generated and the cost of capital. Although financial management perspective is traditionally limited to that of the shareholder, current thinking in strategic management favours the inclusion of perspectives other than that of the financial returns alone. From this

Sentencing in international law requires reasoned discrimination Essay

Sentencing in international law requires reasoned discrimination. Critically evaluate this statement with reference to role of international tribunals - Essay Example licies regarding the international criminal court (ICC).2 Various states recognised the role of ICC in a multilateral system aiming to put to end impunity and set up the rule of law in the declaration, which was adopted in the meeting. As per the declaration, it is right to say that the key role of ICC is the enforcement and inducement of compliance in regard to the specific norms of international law prohibit and prevent mass violence.3 Following the extensive perpetration of unspeakable atrocities which were the consequences of the Second World War, the international community passed an unparalleled call for justice.4 The community sought to end serious crimes via inter alia, which is adopting the convention of preventing and punishing all crime genocides, the four Geneva conventions and the principles of Nuremberg.5 Despite the fact that sentencing in domestic jurisdictions’ importance has grown over time, it still remains part of international criminal law which is undergoing construction and is likely to be unregulated in various aspects. International sentencing law and practice has not yet been defined by proper specific norms and principles under which one should be prosecuted. International judges have continued receiving little guidance on matters concerning prosecution of individuals. Yugoslavia (ICTY) and Rwanda (ICTR) are the best examples of international sentencing which can comprehensively and coherently explain how the system works. Despite the lack of credible enforcement mechanisms, violating international humanitarian laws have continued over time with glowing impunity. The international community has responded promptly by taking a joint action that involves creating an interconnection system of international justice aiming at preventing impunity for the worst atrocities likely to happen to mankind.6 This vision came into reality in 1998 when states approved and adopted the multilateral treaty by the name Rome Statute of the International

2010 BP oil spill Research Paper Example | Topics and Well Written Essays - 1250 words

2010 BP oil spill - Research Paper Example It was under lease of British Petroleum. At the time of the explosion, drilling was going on for an exploratory well at depths of about 5000 feet. The well was almost complete; cementing was being carried out by the Halliburton Energy Services after which the well could be used as a subsea producer later. However, this did not happen. On 20th April, 2010, methane gas shot up from the well all the way to the rig. It expanded on the platform, caught fire and the rig exploded. All but eleven workers were saved through rescue efforts and lifeboats. An oil leak was found on April 22, when oil started surfacing from the location of the rig. According to official estimates of August 2, about 62000 barrels of oil per day has escaped the well into the water, endangering the environment and submarine life (Channel 4 News, 2010). An investigation was launched on the day the oil spill started appearing on the surface. The whole fiasco has gotten extensive media coverage where BP has been considered primarily responsible for being negligent about some parts of the rig, which were not directly related to the cause of the explosion. There is still no explanation of why the rig exploded and caught fire, or whey the safety mechanics did not work at the rig. BP’s CEO took full responsibility of the incident, promising to pay everything and person who has been affected from this fiasco. The media as well as the government has held BP responsible for the fiasco. Reports have been made that a rig technician kept missing the key signals while being on a smoke break, that the oil rig was about to blow. This is a serious mistake on the part of the technician that is still costing BP and the environment. Settlements are being made by the company to all those who have been affected; cleaning efforts are also taking place by the organization of cleaning the shores and making it oil free so that the marine habitat isn’t at stake (Reuters, 2010). Although on

Sentencing in international law requires reasoned discrimination Essay

Sentencing in international law requires reasoned discrimination. Critically evaluate this statement with reference to role of international tribunals - Essay Example licies regarding the international criminal court (ICC).2 Various states recognised the role of ICC in a multilateral system aiming to put to end impunity and set up the rule of law in the declaration, which was adopted in the meeting. As per the declaration, it is right to say that the key role of ICC is the enforcement and inducement of compliance in regard to the specific norms of international law prohibit and prevent mass violence.3 Following the extensive perpetration of unspeakable atrocities which were the consequences of the Second World War, the international community passed an unparalleled call for justice.4 The community sought to end serious crimes via inter alia, which is adopting the convention of preventing and punishing all crime genocides, the four Geneva conventions and the principles of Nuremberg.5 Despite the fact that sentencing in domestic jurisdictions’ importance has grown over time, it still remains part of international criminal law which is undergoing construction and is likely to be unregulated in various aspects. International sentencing law and practice has not yet been defined by proper specific norms and principles under which one should be prosecuted. International judges have continued receiving little guidance on matters concerning prosecution of individuals. Yugoslavia (ICTY) and Rwanda (ICTR) are the best examples of international sentencing which can comprehensively and coherently explain how the system works. Despite the lack of credible enforcement mechanisms, violating international humanitarian laws have continued over time with glowing impunity. The international community has responded promptly by taking a joint action that involves creating an interconnection system of international justice aiming at preventing impunity for the worst atrocities likely to happen to mankind.6 This vision came into reality in 1998 when states approved and adopted the multilateral treaty by the name Rome Statute of the International

Hyatt Hotel Financial Analysis Essay Example | Topics and Well Written Essays - 1250 words

Hyatt Hotel Financial Analysis - Essay Example Hyatt has six diverse brands, which are specifically designed in order to deliver the best experience reflecting high standards of life, luxury, comfort, values, attitudes and aspirations of the clients who are the main stakeholders. The Hyatt hotel is run by a group of talented and highly skilled professionals whose visions and aspirations is to make Hyatt Hotels the leading brand in hotel and hospitality section. The executive chairman is Thomas J. Pritzker; Mark Hoplamazian is the president and also the CEO and Director. Harmit Singh is the chief finance officer. We also have among others Charles Floyd, who is the chief operating officer of North America and Robert Webb who is the chief Human resources Officer. Hyatt hotel has been able to use the latest technology together with high class food and beverage preferences in order to effectively and efficiently meet the growing customer demand. There has been advancement in the establishment of free Wi-Fi, room entertainment, ultra-m odern Jacuzzis and other devices which enhance self service. The major challenge facing the Hyatt Hotel is the general economic downturn which has affected almost all hospitality sectors in the world. The administration is busy launching rigorous initiatives which will rely heavily on information technology in order to improve their marketing objectives and more so the profitability goals. Another challenge s the financial and staffing constraints, the executive management of the hotel have employed strategies which will make use of technology in order to ensure stronger business growth. The major competitors of Hyatt hotel are basically based in North America, Europe and Asia. The luxury hotel industry has actually suffered major competition especially in the major global economic downturn. This has lead to the hotel reducing the prices of its products and services hence reduction in the company’s profit margin. Consequently it has become increasingly difficult to carry out expansion activities of the hotel Analysis of Financials The key items in the balance sheet of Hyatt which is worth the analysis are the inventory, long term investments, long term debt, stockholder equity, cash and intangible assets Inventory- the inventory of the company is seen to be decreasing from the year 2009 to 2011. Decrease in the inventory could be due to increase in the demand of the company’s stock or the management decisions to get as limit of stock. The value of stock for Hyatt hit a record low of $8.77 in 2011 against $18 and $1.337 for 2010 and 2009 respectively (Fridson, 2009). Long term investments for the company increased substantially from $6.085 in 2009 to $6.47 in 2011. The increase in the amount of long term investments is due to the company’s ambitious programs to expand its operations worldwide. The building of spas, luxury hotels and casinos has made the company to improve its long-term investments. The long-term debt has significantly been increased in order to meet the growing demands for financing the long-term investments. The long-term debt as at 2011 was $1.2219 against $714000000 and $8.48 for the years 2010 and 2011 respectively. Long-term investments are very expensive ventures to be undertaken, meaning that the

The Age Of Neoliberalism Politics Essay

The Age Of Neoliberalism Politics Essay Neoliberalism is in the first instance, a theory of political economic practices that proposes that human well-being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free markets and free trade. The role of the state is to create and preserve an institutional framework appropriate to such practices. The state has to guarantee, for example, the quality and integrity of money. It must also set up those military, defence, police and legal structures and functions required to secure private property rights and to guarantee, by force if need be, the proper functioning of markets. Furthermore, if markets do not exist (in areas such as land, water, education, health care, social security, or environmental pollution) then they must be created, by state action if necessary. But beyond these tasks the state should not venture. State interventions in markets (once created) must be kept to a bare minimum because, according to the theory, the state cannot possibly possess enough information to second-guess market signals (prices) and because powerful interest groups will inevitably distort and bias state interventions (particularly in democracies) for their own benefit Its foundations can be traced back to the classical liberalism advocated by Adam Smith, and to the specific conception of man and society on which he founds his economic theories. Neoliberalism is, under this view, thought of as an entirely new paradigm for economic theory and policy-making the ideology behind the most recent stage in the development of capitalist society and at the same time a revival of the economic theories of Smith and his intellectual heirs in the nineteenth century. A great reversal had taken place, where neoliberalism had replaced the economic theories of John Maynard Keynes and his followers. Keynesianism, as it came to be called, was the dominant theoretical framework in economics and economic policy-making in the period between 1945 and 1970, The theory stipulated that full employment is necessary for capitalism to grow and it can be achieved only if governments and central banks intervene to increase employment. These ideas had much influence on Presiden t Roosevelts New Deal, which did improve life for many people. The belief that government should advance the common good became widely accepted. But the capitalist crisis over the last 25 years, with its shrinking profit rates, inspired the corporate elite to revive economic liberalism. It was then replaced by a more monetaristà ¢Ã¢â€š ¬Ã… ¸ approach inspired by the theories and research of Milton Friedman is an ideology somewhat similar to and yet markedly different from much conventional conservative thought, and often hardly recognisable as a genuinely conservative that individual liberty depends on there being a free-market economy, where the state has voluntarily given up its ability to control the economy for the good of society as a whole, or the interests of its own citizens. The main points of neo-liberalism include: The rule of the market: Liberating free enterprise or private enterprise from any bonds imposed by the government (the state) no matter how much social damage this causes. Greater openness to international trade and investment, as in NAFTA. Reduce wages by de-unionizing workers and eliminating workers rights that had been won over many years of struggle. No more price controls. All in all, total freedom of movement for capital, goods and services. To convince us this is good for us, they say an unregulated market is the best way to increase economic growth, which will ultimately benefit everyone. Its like Reagans supply-side and trickle-down economics, but somehow the wealth didnt trickle down very much. Cutting public expenditure for public service: like education and health care.reducing the safety net for the poor, and even maintenance of roads, bridges, water supply, again in the name of reducing governments role. Of course, they dont oppose government subsidies and tax benefits for business. Deregulation: Reduce government regulation of everything that could diminish profits, including protecting the environment and safety on the job. Privatization: Sell state-owned enterprises, goods and services to private investors. This includes banks, key industries, railroads, toll highways, electricity, schools, hospitals and even fresh water. Although usually done in the name of greater efficiency, which is often needed, privatization has mainly had the effect of concentrating wealth even more in a few hands and making the public pay even more for its needs. Eliminating the concept of public good or community and replacing it with individual responsibility. Pressuring the poorest people in a society to find solutions to their lack of health care, education and social security all by themselves then blaming them, if they fail, as lazy. Neoliberalism has played a major role in redefining the nature of the welfare state. The fundamental problem with neoliberalism, is their perception that the market can cure all problems especially when dealing with the welfare system, which they believe has no reason to exist. They prefer to use either negative income tax or other market-based means to provide for them. Whats worse is they rationalize not giving welfare people through a variety of means which Linda Gordon typifies the problem in their perception with her enlightening and shocking article Who deserves Help? Who must provide? Within it she explicates how the neoliberals pressure the poorest people in a society to find a job, then blame them if they fail, as lazy. She then delves into of how a major structural feature of the US welfare system is that stratification of entitlement justified by degrees of deservingness creates perception of deservingness and undeservingness.  [i]  Many studies show that welfare recip ients find welfare degrading and demoralizing, and greatly prefer the chance to work. There is no incentive for lazy people to enrol in welfare because the payments do not allow families to make ends meet. In the case of the US its gender based, more specifically for mothers (especially single ones.) Welfare mothers familys rent and utilities cost more than the welfare check. Even for those few who receive housing assistance, very little is left over to cover all other monthly expenses, such as transportation, clothing, hygiene and school supplies. The typical food stamp allowance is insufficient, and many recipients actually go hungry near the end of the month. To make ends meet, mothers have to receive income from somewhere else. They do so because they cannot get jobs that pay better than welfare. The very reason why they cant get any jobs that pay better than welfare is a direct result of neoliberal practices that result in only low-wage work remaining in the West. As a result of outsourcing, factories and subsequently jobs, neoliberal countries do nothing to stop multinational corporations from doing so for they would be affecting free trade. Thus allowing jobs to leave the country and people being exploited elsewhere. As well the only real jobs that are really created in recent years have been predominantly retail and service jobs that are low paying and thus inadequate substitutes for the working poor or mothers, to help themselves out of the poverty line. In their article welfare reform as race population control, Kenneth Neubeck and Noel Cazenave continue Gordons path, by charting the evolution of welfare racism and the rationale behind this racism in the United States through a detailed analysis of specific case studies. They delve into welfare racism against black people, immigrants in general and black women. Beginning with the 1911 mothers pensions (largely intended for white widowed women), Neubeck and Cazenave demonstrate that U.S. welfare policy has been racialized, gendered and stigmatized from its very inception, at times excluding and discriminating against African Americans, then eventually immigrants and at other times providing a limited form of highly stigmatized assistance. Using their concept of welfare racism as an analytical tool, the authors explain that: welfare racism exists as a major force shaping contemporary public assistance attitudes, policies and practices à ¢Ã¢â€š ¬Ã‚ ¦ it serves three major functions, s ocial stratification and social control functions for racialized societies and their racial states.'  [ii]  Welfare racism provides social prestige for the general white population, political and career power for its politicians and other elites, and economic acquisition for the nations economic elite in the form of a large and easily exploitable low-wage labour pool. This is what is needed to perpetuate neoliberalism it is integral to the continual expansion of profits upon which capitalism depends. Neoliberalism is constituted not simply by the exchange of things but is founded on the commodification (which the next article the Three worlds of Welfare Capitalism further delves into) and exchange of labour itself: the source of profit. This is the primary goal of this racialization. As well in tracing the ways that welfare racism exists, persists and changes, Neubeck and Cazenave reveal the mythical and erroneous and persistent characterization of African-American women as welf are queens or welfare mothers. This racism-centered framework provides an excellent lens for exploring the links between stigmatized welfare policy and stereotypes of poor racialized women and men in U. S. social and political discourse. The reason this becazme a popular notion, that of stereotyping black people, immigrants and mothers (especially black ones) is that Neoliberalism is a failing policy, and has not been at all successful in reducing unemployment to the levels that free trade was purported to, in fact its increased ion every country that has implemented them, thus they have no choice but to rationalize this disaster of a policy by blaming not the economic component, but rather the people. Their either lazy, immigrants looking to freeload or welfare mothers who merely desire to have babies and again freeload off the system. Neoliberalism provides the jobs, they just dont want to work them. Their rationale sadly isnt backed up by statistics, for each year America and our country Canada loses major jobs in our manufacturing sector, which sadly service or retail based jobs we might gain dont make up for this loss. Neoliberalism has proven itself to be an unsuccessful ideology in the way it treats its citizens and the next article The three worlds of Welfare Capitalism really delves deep into Neoliberalisms commodification of its citizens. I will commence my analysis of this article by addressing the concept of commodification. Furthermore, I will summarize the three theories presented and apply them to the concept of commodification.   This will lead to the synthesis of themes presented and will, if my intentions are realized, provoke response to the idea of commodifying (or decommodifying) human labour.  Ã‚  Ã‚   Whilst reading about commodified labour images of workers with price tags and discount tickets floated through my subconscious in much the same way one might imagine a car lot.   Rows of eager workers aiming to receive the best price for their resources and skills while at the same time guaranteeing they dont get passed over in favour of the more appealing offer in the next row.   Perhaps comparing human capabilities with a car lot appears crude and grossly dysfunctional, but the methodology behind such madness will become apparent.  I shall, therefore, draw upon this analogy in order to develop an analysis of Esping-Andersons welfare regimes. A commodified worker is, in simple terms, a worker with a price.   On a purely micro level, the individual determines what he or she must earn in order to survive within the constraints of the cash nexus, a decision influenced by macro level factors such as the demand and price typically awarded for a particular skill or qualification. Within the market the neoliberalism appears justified: the worker can freely choose between alternative utilities, jobs, employers, and leisure trade-offs. Thus, in a model free market, the worker is able to make decisions freely and without negative ramifications.  Conversely, it is the decommodification of the worker that Esping-Anderson aspires to as this definition of commodification implies that the market is indeed dogmatic.  Furthermore, in reality the market is far from stable and is unrelenting to those unable to participate. Referring to the analogy of car lots commodification requires several conditions including the stability previously mentioned.   This would enable the worker to obtain a fair wage from an employer in much the same way a dealer would assess a fair price to a worthy vehicle.  Ã‚  The absence of stability in the marketplace leads to the inability of workers to exercise freedom of choice.   Faced with the dilemma of an injury (think a head-gasket or deflated tires) the worker must withdraw from the marketplace to recover. But unlike a car with easily replaceable parts return to the marker may not be as simple or prompt and the worker will require an alternative means of income.   The inability to work decreases choice based on the sole premise that ones skills are no longer active and thus, no longer in demand as a commodity.   The employer will seek out alternative labour just as a dealer purchasing new vehicles for the lot would move right along to the cars in the next row; a fter all who wants a car lot of faulty or less than optimal vehicles?   The worker must find a means of survival.   It is within this framework the humanistic element of welfare emerges.   When a worker can no longer subsist independently, what resources exist to prevent degradation?   It is this dilemma which introduces the humanistic element to the analogy.  A car is easily replaced without much consequence to the defunct vehicle itself.  A worker, while potentially easily replaced, most certainly does experience the negative consequences negative of commodification.   For example, transition to a new job may require specific, time consuming, potentially costly retraining.   Esping-Anderson offers a critique of the three theories of welfare, feeling that although some attempt to solve the problem decommodifcation doesnt exist from any of these approaches, it only deceptively convinces the masses that they are being aided. The first theory is the social-insurance model. The adoption of the German social security approach by the Western European countries and the USA countries had two fundamental purposes; the first one to cover the human risks to guarantee a productive labour class; and the second one to maintain the security of the elites, through of control and the stabilization of the labour class. It sought to achieve two simultaneous stratification results. The first goal was to consolidate divisions amongst wage earners by legislating distinct programs for different class and status groups, each with its own conspicuously unique set of rights and privileges designed to accentuate the individuals appropriate station in life. The second objective was to tie the loyalties of the individual directly to the monarchy or in our case (state authority). The goal was to combat labour movements.  [iii]  The state is viewed largely as a minimal interventionist with any welfare allocated firmly upholding the stratification of society or maintaining the hierarchical/patriarchal structure.   The second tactic was Fraternal societies were voluntary mutual-aid associations. The principle behind the fraternal societies was simple. A group of working-class people would form an association (or join a local branch, or lodge, of an existing association) and pay monthly fees into the associations treasury; individual members would then be able to draw on the pooled resources in time of need. The fraternal societies thus operated as a form of self-help insurance company. Sadly despite this supposedly being a fraternal collectivistic approach and an example of a true communalism, the end result was stratification for the weakest, the most likely to need help wereà ¢Ã¢â€š ¬Ã‚ ¦likely[to] be excluded.  [iv]   A third porposed methodology was universalism, which is an integral system based on the provision of social welfare for all through public or private institutions rather than partial and individuals subsidies. Programs are established universally to serve everybody and are financed by Government. In this approach institutions are obligated to deliver social services to all without constrains As a principle universalism focuses in Society as a whole; it does not distinguish by class, religion, age, race, sexual orientation, or gender. Universalism in social policy is a re-distributive institutional approach; it considers social welfare as a very important institution of society providing general services outside the market on the basis of the necessities principle. Of course, the reality of fully socialized welfare programs is minimal due to the overwhelming maintenance costs and the problems experienced by governments that try to convince the population to pay higher taxes in order t o provide for those who do not compete in the market place, unwillingly or not. There are, however, several states which strive for high levels of decommodification the best examples situated in the countries comprising Scandinavia.   For him, this model incorporates the redistributions system of available resources along time. However despite sounding equitable the end result was not what was intended. Without verging upon the perimeter of repetition the following summaries of the three major theories presented by Esping-Anderson serve as the foundation for the ultimate link with commodification. This will illustrate the extent to which regime types with characteristics of any of the three regime-types embrace, or berate the decommodification of labour.   The neoliberal welfare regime argues that a free market will abolish class and inequality, while state intervention only strengthens issues of class. The neoliberal model argues that democracy and universal suffrage would be likely to politicize the distributional struggle, pervert the market, and fuel inefficiencies. In reality, however, the neoliberal regime, through the capitalist system, tends to commodify labour to such an extent that people were unable to survive outside of the market. Stripping society of the institutional layers that guaranteed social reproduction outside the labour contract meant the people were decommodified. This leads to a difficulty in class mobilization as workers are now nothing more than a commodity to be traded between industries. As such, they are unlikely to gain the political power to translate power into desired policies and reforms. Because the neoliberal regime is so reliant on market forces, the state will not intervene unless the familial or market institutions fail. Esping-Anderson refers to this structure as a residual or welfare state. Such a state is characterized by means-tested social assistance. This often punishes and stigmatizes recipients of social welfare and ultimately creates a system of class stratification, particularly between the middle class who relies on market social insurance and the poor who are reliant on state-sponsored social insurance programs. Generally, the benefits offered by the neoliberal regime are quite small, as social welfare is seen as a cause of poverty and unemployment, and may lead to laziness and moral corruption. The Social-insurance model disagreed with the idea of laissez-faire economic policies. Esping-Anderson suggests that Social-insurance model ideal was the perpetuation of patriarchy and absolutism as the best legal, political, and social shell for capitalism without class struggle.  [v]   The Social-insurance model paradigm sees a more authoritarian state as better fo r everyone, as opposed to a more chaotic system based on free markets. As such, the corporatist model created its first social policies because the corporatists saw liberalism democracy and capitalism as destroying the old hierarchical structure. In sum, the Social-insurance model does not want to see people starve commodification is morally repugnant. Rather, they want people to subordinate self-interest to recognized authority and prevailing institutions.  [vi]   This idea is characterized in the modern social welfare regimes in that it is still reliant on many of the precommodification institutions. Rather than having people be slaves to the market, the corporatist model makes people reliant on the state. Lastly, the universalism model argues that the accumulation of capital disowns people of property. This leads to deeper class divisions. Additionally, social welfare initiatives like those posed by the neoliberal and corporatist model, is more conducive to ensuring class di visions in the name of stability, instead of actually addressing need . The universalism model expands on this premise, arguing that by bringing social policy into the parliament, workers will have less dependence on the market and employers. This, coupled with a strong coalition between labour and other groups, farmers perhaps, leads to a system of equality and socialism through the exercise of political power Around the world, neo-liberalism has been imposed by powerful financial institutions like the International Monetary Fund (IMF), the World Bank and the Inter-American Development Bank. It is raging all over Latin America. The first clear example of neo-liberalism at work came in Chile (with thanks to University of Chicago economist Milton Friedman), after the CIA-supported coup against the popularly elected Allende regime in 1973. Other countries followed, with some of the worst effects in Mexico where wages declined 40 to 50% in the first year of NAFTA while the cost of living rose by 80%. Over 20,000 small and medium businesses have failed and more than 1,000 state-owned enterprises have been privatized in Mexico. In the United States neo-liberalism is destroying welfare programs; attacking the rights of labour (including all immigrant workers); and cutting back social programs. The Republican Contract on America is pure neo-liberalism. Its supporters are working hard to deny protection to children, youth, women, the planet itself, and trying to trick Americans into acceptance by saying this will get government off my back. The beneficiaries of neo-liberalism are a minority of the worlds people. For the vast majority it brings even more suffering than before: suffering without the small, hard-won gains of the last 60 years, suffering without end.