Corporate Imperialism Essay Example | Topics and Well Written Essays - 1000 words

Corporate Imperialism - Essay Example From the article â€Å"Shooting an elephant†, which was written by Orwell, imperialism is presented as plain robbery. The British controlled everything: resources, rules, and the whole Burmese (Orwell p2). Nowadays, plain imperialism has lost its standing in the world because under the peace and developed science world, violence is killed. However, although violence does not work anymore, invasion of a country by another can never be stopped. People have stopped using violence in invasions but have adopted new methods of invasion. For instance, to make an entrance in other countries, people create multinational companies, which then set their factories into these countries. Through these factories they are able to control the politics and the economy of these countries. This behavior of the multinational companies is referred to as corporate imperialism. Corporate imperialism by the multinational companies not only depredates other countries resources, but also brings a differ ent culture that could confuse the minds of the local people. Pure imperialism and corporate imperialism are twin brother and sister; they have the same nature-plunder other countries’ resources. The only difference is that pure imperialism uses weapons to invade countries, and corporate imperialism uses business as its invading weapon. ... The way they make more profit is that they set factories into these countries, and hire the indigenes that are paid low labor fee to handle the factories and cheaply make their the products from the local materials. For example, the reason why you could see â€Å"Made in China† everywhere now is because the factories have taken advantage of the Chinese low worker’s labor fee to produce more products in the market. Like Chitra Divakaruni presented in her article â€Å"Live Free and Starve†, once the U.S raised a ban on goods made by indentured or forced child labor, the children would be unemployed and they could die anytime due to lack of food. Without the jobs they could not purchase supplies to live. Therefore, in this way the U.S controlled their economy system, because without the jobs, they could not take care of their lives (Chitra). This is just like pure imperialism; people are controlled by intruder’s rule. In other words, simple rule, the more th e resources can be got, the more profit can be made. Like playing a tactic game, the more base you have, and the more chances you can win the game. When your base is getting out of resources, invade others. English now becomes a national language because European and American companies are all over the world. When multinational companies set into other countries, they also set their culture into the countries. Again, like pure imperialism, corporate imperialism also brings its own culture to the local people in order to control their mind. The cultures affect them to an extent that they could be crazy about foreign things and obsequious to foreigners. For instance, take a look at Hong Kong, before it was returned, it was controlled by

Company & Insolvency Law Assignment Example | Topics and Well Written Essays - 2500 words

Company & Insolvency Law - Assignment Example whereas a floating charge is that which allows a company to undertake borrowings despite non possession of assets which may be specific in nature and the charges are placed on the company’s assets like its machinery, stock in trade etc. Before and at the onset of insolvency, fixed charge holders enjoy an unfettered right to enforce their debt repayments by dragging their debtors to court upon default by the latter.1 A debenture holder, whose debt is secured by a floating charge over the assets of a company such as its book debts and trading stock, is likely to enjoy boundless benefits should such a charge crystallize preferably before the onset of insolvency. In Khalid and Mahmood’s business, the bank charges a fixed charge on the company’s assets meaning it secures via mortgaging the assets of the company in case of debts and further affixes a floating charge on the rest of the undertaking of the company. ... er party owing to the weight of his needs, leaving room for the stronger party to make collateral demands whose fairness may be of little relevance, given the freedom of contract doctrine at the heart of contract law. However, when the sum realized from the fixed assets is not enough to pay the debt owed to the creditors, the holder is then relegated to the undesirable general league of unsecured creditors for the remaining balance, subject to pari passu regime. The fixed charge of 75,000 that has been granted by the bank is an automatic security clause, and is the first priority and thus needs to be paid before anything else. According to the facts of the case, the bank got the 75,000 pounds of loan as a fixed charge interest. This loan was undertaken to be a floating charge loan with a negative pledge on the floating assets of the company. It can be demarcated to a floating charge loan only when the loan is given on collateral which is not fixed in nature. Loanshark granted a 20000 Pounds worth of floating charge on the company’s undertaking. Adopting from the theory, we can assume that such charge was given on the floating assets of the company. Taking case laws into account, the case of Agnew v Commissioners of Inland Revenue2 involved the security interest of the company’s assets and the priority of the creditors in the winding up of the business. Other cases like Leyland Daf Ltd3 involve floating charges depicting how crystallization on time can help save the company. Under all the circumstances, if a company has taken loan on a fixed charge interest and floating charge interest, the loan which has been taken on the fixed charge interest has to be paid at the earliest time possible. This is done so that the loan on the fixed security which is more vulnerable