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Professionalism in society
Professionalism in society
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Strategies to Produce a Professional Monopoly
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Before we can discuss the way that the legal profession as attempted, either successful or not, to create a monopoly the definition of what a professional is should be looked at. A profession, according to the functionalists, is first serves the needs of the public's best interest. To the functionalists there is no professional bank robber. A profession has a strong community or essentially by blocking out competition. The last and most important idea of professionalism is self-regulation. It is the ultimate goal of any profession to be self-regulated. Here is where we can observe that professions do not establish a monopoly, yet the term profession itself means to monopolize the work place. According to people of any profession theory will argue that this is a neccesity. The only people, professionals argue, that can judge or regulate the in this case lawyers would be expert lawyers. It would not make sense to have professionals from other areas such as blacksmiths, doctors, electricians, etc., regulate the legal profession.
There are two sides to this argument that the legal profession claims. Though the self regulation is good because they can now set standards for the profession and high ones at that, on the other hand they will be less likely to punish on of their own because it makes the profession look bad. This argument of whether it is in the public's best interest remains to be seen and self-regulation is in a constant struggle to prove so.
The strategies employed by those who wished to keep the legal profession just that a profession, for which I already showed means monopoly, was by first establishing barriers for prospective lawyers to cross. In other words, guidelines that forbid any citizen to just claim divine lawyership becoming a lawyer without the proper education or knowledge. The first step to achieve this was by forming an American Bar Association (ABA), which was accomplished in 1878. Before this there were local Bar Associations, which had neither real ties nor any organization to begin to regulate the practices of lawyers. The Bar Examinations, which are a form of self-control, began to be used as a tool. The ABA struggled to get states to accept this as the entry port in to the legal profession. This is one way in which the profession can regulate who becomes lawyers, the Association would regulate the number of lawyers in the industrial states for there were already a number of lawyers, and they want to keep competition down.
During the nineteenth and twentieth century monopolizing corporations reigned over territories, natural resources, and material goods. They dominated banks, railroads, factories, mills, steel, and politics. With companies and industrial giants like Andrew Carnegies’ Steel Company, John D. Rockefeller’s Standard Oil Company and J.P. Morgan in which he reigned over banks and financing. Carnegie and Rockefeller both used vertical integration meaning they owned everything from the natural resources (mines/oil rigs), transportation of those goods (railroads), making of those goods (factories/mills), and the selling of those goods (stores). This ultimately led to monopolizing of corporations. Although provided vast amount of jobs and goods, also provided ba...
Unfortunately, these monopolies allowed companies to raise prices without consequence, as there was no other source of product for consumers to buy for cheaper. The more competition, the more a company is forced to appeal to the consumer, but monopolies allowed corporations to treat consumers awfully and still receive their business. Trusts were bad for both the consumers and the workers, but without proper representation, they could do nothing. However, with petitions, citizens got the first anti-trust law passed by the not entirely corrupt Congress, called the Sherman Act of 1890. It prevented companies from trade cooperation of any kind, whether good or bad. Most corporate lawyers were able to find loopholes in the law, and it was largely ineffective. Over time, the Sherman Anti-Trust Act of 1890, and the previously passed Interstate Commerce Act of 1887, which regulated railroad rates, grew more slightly effective, but it would take more to cripple powerful
...f-regulate? A reasonable case for increased regulation can be made given the massive cost of recent financial turmoil and attorneys’ ostensible role in these crises. Moreover, as lawyers effectively operate as gatekeepers and rubberstamps for much of business decsionmaking, they may serve as the most efficient risk bearer to reduce externalized costs, whether through a division of ethical responsibilities between in-house attorneys and independent firms or simply staying the drastic course of Lawson. This modification of the role of attorneys does present a difficult contradiction as the exact value added by lawyers is leveraged into a social duty and it’s not obvious whether the two can co-exist. Given the relative lack of traction and progress, however, it seems the stickiness of established behavior may present too much value, for attorneys and clients alike.
A "natural monopoly" is outlined in economic science as Associate in Nursing trade wherever the charge of the capital product is thus high that it's not profitable for a second firm to enter and contend. there's a "natural" reason for this trade being a monopoly, specifically that the economies of scale need one, instead of many, firms. Small-scale possession would be less economical. Natural monopolies ar usually utilities like water, electricity, and gas. it'd be terribly pricey to create a second set of water and sewerage pipes during a town. Water and gas delivery service incorporates a high price|fixed charge|fixed costs|charge} and an occasional variable cost. Electricity is currently being deregulated, therefore the generators of electrical power will currently contend. however the infrastructure, the wires that carry the electricity, sometimes stay a natural monopoly, and therefore the varied corporations send their electricity through constant grid (Fred et al., 1999). The telecommunications trade has within the past been thought of to be a natural monopoly. Like railways and water provision, the existence of many corporations provision constant space would lead to Associate in Nursing inefficient mult...
Henry Ford was an American industrialist and the founder of the Ford Motor Company, who stated, “business is never so healthy as when, like a chicken, it must do a certain amount of scratching around for what it gets” (Ford). In the corporate world, individual businesses control other corporations in order to improve their own systems and products. On the macroscopic scale, it is comprised of the corporate world; however, examples of monopoly from the corporate world can be translated onto the microscopic scale. The microscopic scale is primarily the community of families in this society. Families and corporations share this similar idea. Parents dictate their children’s development, and within a relationship one gender may show more power and influence on the other. For the most part, the selfish characteristic of society is the manifestation of monopolism and it raises moral and ethical issues because these acts are inconsiderate of the loved ones around them.
*Every semester I teach college Sociology classes I always have my students play a game of Monopoly. They don't play normal Monopoly though but one with special rules designed to teach them about how social class and wealth impact success and failure in life.*
In conclusion as we strive to stay current in this rapid changing and demanding legal field, we need to maintain focus on what is at stake here, the quality of service we demand from lawyers and their agents. Clients deserve to be assisted by the people who know their profession and so, we must be in favor of the legislative movement of the control of the paralegal profession.
The paralegal industry has changed over the last thirty years, and according to Kane, “Is one of the fastest-growing professions on the globe”. There is a predicted growth rate of 28% between 2008 and
Although the legal profession is a single discourse community, it is made up of many smaller discourse communities. This is so because while all lawyers share the same broad goals of the legal profession and have a general knowledge and expertise in all areas of the law, most lawyers after graduating from law school and passing the bar exam specialize in a particular area of law. This specialization requires the lawyer to go beyond the broad concepts of law as a whole and to become knowledgeable and proficient in the sometimes minute details of a more specific area of law. Even then, some lawyers will go even further to focus on one aspect or another of that particular area of law. This results in most lawyers being members of many even smal...
•Solicitors had to serve as an in-between between the barristers and their clients. So they were “in trade” which was less respectful to become solicitor one had to be an apprentice for 5 years to a practicing lawyer
Parliament, the supreme law-making body, has an unrestricted legislative power, and the laws it passes cannot be set aside by the courts. The role of judges, in relation to laws enacted by Parliament, is to interpret and apply them, rather than to pass judgment on whether they are good or bad laws. However, evidence has shown that they have a tendency to deviate from their ‘real roles’ and instead formulate laws on their own terms. Thus the real role of a judge in any legal system continues to be a phenomenon questioned by many. We must consider whether they are “authoritarian law-makers, or if their profession makes them mere declarers of the law” . In this essay, I will argue the ways that judges do make law as well as discussing the contrary.
Well the bottom line is that a monopoly is firm that sells almost all the goods or services in a select market. Therefore, without regulations, a company would be able to manipulate the price of their products, because of a lack of competition (Principle of Microeconomics, 2016). Furthermore, if a single company controls the entire market, then there are numerous barriers to entry that discourage competition from entering into it. To truly understand the hold a monopoly firm has on the market; compare the demand curves between a Perfect Competitor and Monopolist firm in Figure
“The word monopoly is derived from the Greek words mono for "one" and polein for "seller." (Amacher & Pate, 2013, ch. 10). Hence, the monopoly market structure having one dominant firm, called a price searcher. A prime example of a monopoly firm is a utility company. Consumers may have one utility company that provides electricity in their community, and since there are no other competitors, they have no other choice but to source power from this company. Characteristics of the monopoly market structure include the following.
William O. Douglas said, "Common sense often makes good law." Well that is what laws essentially are, rules and regulations that make sure common sense is followed. One could even say that laws are enforced ethics. Laws serve several roles and functions in business and society, and this paper will discuss those roles and functions.
There are three main features that distinguish between a perfect competition and monopoly market structure: the type of firm, the freedom of entry and the nature of the product (Sloman and Norris 1999, pg, 161). A table of these features is contained in Appendix A. These two market structures are on opposite ends of the scale and consequently, the features and benefits of each structure vary quite dramatically.