There have been a lot of changes in the past 2 decades globally. On the verge of the globalization many, economic activities have shifted from West to East. Countries like India and China where most of the Investors relocated have played a major role in keeping the average prices on goods at a low level. Businesses that follow the ideology of profit maximization put negative effects on overall well-being of society. Recession of 2008 that was created from burst of housing bubble which put more people in poverty, with loss of jobs, and shelter that was no longer available to them. This created in many countries high level of poverty and high number of unemployment as well. In such business model only few benefit and many suffer. The New York Time magazine in its September 5, 1999 issue published an article "The Singer Solution to World Poverty" by Peter Singer. The article outlined a plan addressing global poverty problems. Mr. Singer, who is a moral philosopher and a professor of Bioethics at Princeton University, proposed a solution that every American should donate money to charities like UNICEF or Oxfam America, organizations that work to help poverty stricken populations. The author is convincing American people not to spent money on not so essential items in everyday life. His solution to world’s poverty is to have developed nations save more money in order to donate to the less fortunate. I find Singer's idea fascinating, but I do not believe it will succeed in today's world. According to Peter Singer in his article raises a question whether it is ethical or moral to live well without giving substantial amounts of money to help others. He describes the bad habits that the most of the people in America have. People with an average income of $50,000 a year spend third of the income on things that are not necessities to them. For example: going to the restaurants frequently, buying new clothes, or doing
There have been a lot of changes in the past 2 decades globally. On the verge of the globalization many, economic activities have shifted from West to East. Countries like India and China where most of the Investors relocated have played a major role in keeping the average prices on goods at a low level. Businesses that follow the ideology of profit maximization put negative effects on overall well-being of society. Recession of 2008 that was created from burst of housing bubble which put more people in poverty, with loss of jobs, and shelter that was no longer available to them. This created in many countries high level of poverty and high number of unemployment as well. In such business model only few benefit and many suffer. The New York Time magazine in its September 5, 1999 issue published an article "The Singer Solution to World Poverty" by Peter Singer. The article outlined a plan addressing global poverty problems. Mr. Singer, who is a moral philosopher and a professor of Bioethics at Princeton University, proposed a solution that every American should donate money to charities like UNICEF or Oxfam America, organizations that work to help poverty stricken populations. The author is convincing American people not to spent money on not so essential items in everyday life. His solution to world’s poverty is to have developed nations save more money in order to donate to the less fortunate. I find Singer's idea fascinating, but I do not believe it will succeed in today's world. According to Peter Singer in his article raises a question whether it is ethical or moral to live well without giving substantial amounts of money to help others. He describes the bad habits that the most of the people in America have. People with an average income of $50,000 a year spend third of the income on things that are not necessities to them. For example: going to the restaurants frequently, buying new clothes, or doing