Is Utilitarianism Too High for Humanity Essay

graduate debt has been rapidly increasing also. With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer. Although grants and financial aid are available to students, students still struggle to pay for their college tuition. Higher education costs are prohibitively expensive because the state’s revenue is low, the unemployment rate is high, and graduates cannot pay off their student loans. One reason that higher education is…

now being used as a certain love gesture. The rarity of this beautiful gem has changed, however has the price of diamonds changed accordingly with its value (placed upon by society). This essay will effectively argue that the price of diamonds is too high in the market in the present day as a result of various economic factors. The essay will give information on diamond cartels and how these cartels had been influencing the price of the diamonds. Furthermore, the essay will give rise to the economic…

Introduction This essay supports the statement “The price of diamonds is too high”. Diamonds have always been presumed to be rare. They have been present in history as a symbol of wealth and luxury as they were so difficult to find. Nowadays diamonds are mined and are found all over the world but they are sold through a cartel. (Epstein 1982) A cartel limits the supply of a product in order to keep prices high and to limit competition. (South African Pocket Oxford Dictionary: 2002) This raises the…

through their agents. Athletes’ salaries aren’t from their owners, but they come from other sources (“Athletes’ Salary”). Athletes get paid an extremely high salary for the work they do, and should consider the value of their work. They do not deserve the extreme amount they get paid and something should by done about it. One issue that these high salaries cause is that having all this money spoils the athletes. Athletes buy so much unnecessary stuff after they get their money. For example, Michael…

Is utilitarianism too high for humanity? As humans we have made many choices in our lives, some are quick and easy while others are difficult and takes time. But did we ever wonder if our choices are right or wrong? What is morally right? According to utilitarianism's fundamental principle of morality, the right choice is always the one that maximizes utility, it is the one that brings the most happiness and the least suffering. On paper this looks very good and ideal, because let's face it pretty…

The Price of Diamonds Is Too High For centuries the diamond has fascinated man for its alluring sparkle and physical hardness. Formed about three billion years ago, the diamond may very well be the oldest and most precious item any person can own. The internationally accepted notion that this commodity is one of the most treasurable commodity of them all has led to the public being prepared to pay the prices that are set by a group of companies in an agreement known as a cartel. This essay will…

“THE PRICE OF DIAMONDS IS TOO HIGH” For more than a century the diamond industry has flourished beyond expectations. The diamond has grown from a small yet rare gem stone to that of a rather large and powerful symbol of wealth. The industry has been controlled by one major corporation, De Beers. De beers along with the cartel it set up has built an industry that will last forever. (Spar, 2006) This paper will analyse the diamond industry, paying specific attention to the cartel, how it operates;…

“The price of diamonds is too high” This essay discusses the statement “the price of diamonds is too high”; it will analyze the diamond cartel and its history in order to determine the validity of this statement. Various microeconomic theories will be discussed and explained, all of which are involved in the diamond cartel. The Oxford Dictionary defines a cartel as “an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition”…

Too High for Humanity This paper will evaluate the merits of the argument “Too high for humanity” against the validity the theory Utilitarianism. More specifically we will introduce the argument, Milner’s responses to the argument then analyze the arguments’ structure, validity and soundness. The argument “Too high for humanity” is the notion that: if being morally right only exists when people maximize pleasure to society, then it is something that humans are not capable of. To clarify, this is…

Statement: “The price of diamonds is too high.” The diamond cartel is the most successful and long-lasting cartel in history. The cartel created a scarcity for diamond and stabilized the prices at a high level. This essay will be discussing the validity of the statement with reference to the market of the diamond industry, history of the diamond cartel, how the price of diamonds is determined, and the implications thereof. “A cartel is a group of firms acting together…to limit output, raise prices…