Capitalism is necessary to a thriving economy. Economic competition is what leads to a successful market. The three reasons why capitalism is still beneficial to society is: economic competition leads to more supply and demand, a thriving economic environment puts less people on social welfare and with a healthy capitalist society, prices can be brought down.
With the deepening decline in the middle class, there needs to be a better look into the economic system that is established by our government. According to an article from The Guardian, “Selfish Capitalism is bad for our Mental Health”, “Selfish Capitalism has massively increased the wealth of the wealthy, robbing the average earner to give to the rich. There was no ‘trickle-down effect’ after all.”
The big tree has fallen
The Affordable College Textbook Act would allow universities to offer free textbooks via “Open educational resources” which would also make textbooks available to the public, according to bill sponsor Senator Richard Durbin.
Nelson Mandela, South Africa’s first democratically elected President, passed away on Thursday Dec. 5. Mandela is remembered by much more than his Presidency, including his life- long dedication to peaceful political movements against racial oppression and the fight for freedom in his nation.
CNN released a poll including the Presidential approval rating indicator. Results showed a 41 percent approval rating for President Obama and a disapproval rating of 56 percent as of Thursday Nov. 21, .
The Senate passed the Employment Nondiscrimination Act (ENDA) with a majority, bipartisan vote: 64 to 32, according to CNN on Nov 7. This means the Lesbian Gay Bisexual Transvestite (LGBT) community is one step closer to achieving equality in the workplace because it will be illegal for employers to discriminate based on their sexual orientation.
A forum on women and work, the wage gap, equal pay, anti-discrimination laws, and opportunities in the workforce was held on Monday, Nov. 18.
Seton Hall Law professor, Ronald Riccio ran a mock law class for University students interested in learning how a class would be run on Tuesday, Nov. 19 in Young Auditorium.
The Political Science and Sociology Department sponsored a day trip to a United Nations Conference in New York City on Monday, November 18. Students and faculty were able to participate in a discussion with other universities for the third anniversary of the United Nations Academic Impact, an organization dedicated towards making a difference in education throughout the world.