Comparing Adam Smith and Karl Marx Essay -- Politics Political Essays

Comparing Adam Smith and Karl Marx Smith and Marx agree upon the importance of capitalism as unleashing productive powers. Capitalism is born out of the division of labour... that is, it is made possible by dividing jobs up into simple tasks as a way of increasing efficiency. By increasing efficiency, then everyone can produce more than they personally need. The extra produced can go towards the accumulation of capital, (machines, more land, more tools, etc) which will allow for even more increased efficiency and production. Both thought that this increased production was great. But Marx said that capitalism was only one stage... that every country must go through capitalism, to get that increased production, but that capitalism is unstable. It requires expanding markets and will end up creating a large gap between the wealthy and the poor, with more and more people becoming poor. Because of this instability, he thought that it would eventually collapse. However, here is where they split. Smith thinks that as everyone produces more, they have more to sell (exchange) and ever...

The Strange Case of Dr. Jekyll and Mr. Hyde Essay -- Robert Louis Stev

The Strange Case of Dr. Jekyll and Mr. Hyde The Strange Case of Dr. Jekyll and Mr. Hyde, written by Robert Louis Stevenson, is a story rife with the imagery of a troubled psyche. Admittedly taken largely from Stevenson’s dreams, it undoubtably sheds light on the author’s own hidden fears and desires. Written at the turn of the 19th Century, it also reflects the psychology of society in general at the same time when Sigmund Freud was setting about to do the same thing. While Freud is often criticized for his seemingly excessive emphasis on sexual suppression as the leading cause of psychological disturbances, the time period in which he lived was exceedingly strict on what constituted appropriate and inappropriate behavior. Accordingly, Freud hypothesized that the majority of people were obliged to hide their unacceptable thoughts and feelings down in the depths of their unconscious from whence they would inevitably escape from at a later time to manifest in a variety of ways. The Strange Case of Dr. Jekyll and Mr. Hyde illustrates Freud’s theory of repression throughout the entirety of the story and shows the negative consequences associated with this coping strategy. Henry Jekyll is the character who has repressed the most and who consequently suffers the direst of outcomes. In his statement of his experiences leading up to the emergence of Edward Hyde, one anticipates the revelation of some early trauma of a fairly significant scale that would clarify the man’s need to regress to an alternate identity. However, Jekyll’s letter is free from any mention of anything of the sort. He instead emphasizes his â€Å"gaiety of disposition†, and his â€Å"guarantee† of a â€Å"distinguished future,† while steering clear of any descriptio... ...he reveals his struggle as he â€Å"sought with tears and prayers to smother down the crowd of hideous images and sounds with which my memory swarmed against me† (57). His fight with repression was a losing battle as was everyone else’s. They made the mistake of believing that an issue can be buried deep enough in the unconscious to remain hidden forever. Had Freud’s theories been made public a few years earlier they may have realized the irrationality of their actions and that openly addressing troubling material is the only way to resolve it. For as the Strange Case of Dr. Jekyll and Mr. Hyde makes disturbingly clear, small problems can grow into catastrophic ones when they finally break the surface, and they inevitably will as the fog cannot hold forever. Works Cited Stevenson, Robert Louis. Strange Case of Dr. Jekyll and Mr. Hyde. New York: Norton, 2003.

A MANAGER’S GUIDE TO GOVERNMENT IN THE MARKET PLACE Essay

A MANAGER’S GUIDE TO GOVERNMENT IN THE MARKET PLACE TABLE OF CONTENTS I.INTRODUCTION II.MARKET FAILURE A.MARKET POWER B.EXTERNALITIES C.PUBLIC GOODS D.INCOMPLETE INFORMATION III.RENT SEEKING IV.GOVERNMENT POLICY A.QUOTAS B.TARIFFS V.CONCLUSION I.INTRODUCTION According to Mr. Michael Bay, author of the Book, â€Å"Managerial Economics and Business Strategy†, they have treated the market as a place where firms and consumers come together to trade goods and services with no intervention from government. But as you are aware, rules and regulations that are passed and enforced by government enter into almost every decision firms and consumers make. As a manager, it is important to understand the regulations passed by government, why such regulations have been passed, and how they affect optimal managerial decisions. We will begin by examining four reasons why free markets may fail to provide the socially efficient quantities of goods: (1) market power, (2) externalities, (3) public goods, and (4) incomplete information. The book analysis includes an overview of government policies designed to alleviate these â€Å"market failures† and an explanation of how the policies affect managerial decisions. The power of politicians to  institute policies that affect the allocation of resources in markets provides those adversely affected with an incentive to engage in lobbying activities. The book will illustrate the underlying reasons for these types of rent-seeking activities. The book will examine how these activities can lead politicians to impose restrictions such as quotas and tariffs in markets affected by international trade. LEARNING OBJECTIVES †¢Identify four sources of market failure †¢Explain why market power reduces social welfare, and identify two types of government policies aimed at reducing deadweight loss. †¢Show why externalities can lead competitive markets to provide socially inefficient quantities of goods and services; explain how government policies, such as the Clean Air Act, can improve resource allocation. †¢Show why competitive markets fail to provide socially efficient levels of public goods; explain how the government can mitigate these inefficiencies. †¢Explain why incomplete information compromises the efficiency of markets, and identify five government policies aimed at mitigating these problems. †¢Explain why government attempts to solve market failures can lead to additional inefficiencies because of â€Å"rent-seeking† activities. †¢Show how government policies in international markets, such as quotas and tariffs, impact the prices and quantities of domestic goods and services. II.MARKET FAILURE Market failure is a concept within economic theory describing when the allocation of goods and services by a free market is not efficient. That is, there exists another conceivable outcome where a market participant may be made better-off without making someone else worse-off. Market failures can be viewed as scenarios where individuals’ pursuit of pure self-interest leads to results that are not efficient – that can be improved upon from the societal point-of-view. The existence of a market failure is often used as a justification for government intervention in a particular market. Economists, especially microeconomists, are often concerned with the causes of correction. Such analysis plays an important role in many types of public  policy decisions and studies. However, some types of government policy interventions, such as taxes, subsidies, bailouts, wage and price controls, and regulations, including attempts to correct market failure, may also lead to an inefficient allocation of resources, sometimes called government failure. HOW IT WORKS / EXAMPLE: Under free market conditions, prices are determined almost exclusively by the forces of supply and demand. Any shift in one of these results in a price change that signals a corresponding shift in the other. Then, the prices return to an equilibrium level. A market failure results when prices cannot achieve equilibrium because of market distortions (for example, minimum wage requirements or price limits on specific goods and services) that restrict economic output. In the other words, government regulations implemented to promote social wellbeing inevitably result in a degree of market failure. MARKET POWER Market power is the ability of a form to profitably raise the market price of a good or service over marginal cost. In perfectly competitive markets, market participants have no market power. A firm with total market power can raise prices without losing any customers to competitors. Market participants that have market power are therefore sometimes referred to as â€Å"price makers†, while those without are sometimes called â€Å"price takers†. Significant market power is when prices exceed marginal cost and long run average cost, so the firm makes economic profits. HOW IT WORKS / EXAMPLE: The macroeconomics concept of perfect competition assumes that no one producer can set a price for the whole market. Among companies that produce similar goods and services, all have varying levels of market power, but none are sufficient to effect a sustainable price change. In other words, all producers must compete based on a collective market price. A monopoly is the best example of a company with substantial market power. With little or no competition, a monopoly can, for example, raise market prices by reducing its level of output. ï  ®Market power is the ability of a firm to set P > MC. ï  ®Firms with market power produce socially inefficient output levels. ïÆ'ËœToo little output ïÆ'ËœPrice exceeds MC ïÆ'ËœDeadweight loss ïÆ'ËœDollar value of society’s welfare loss ANTITRUST POLICY An antitrust policy is designed to affect competition. The general goal behind such a policy is to keep markets open and competitive. These regulations are used by different governments around the world although the laws often vary. Broadly speaking, antitrust law seek to wrong competitor businesses from anti competitive practices. The goals of antitrust policy is to (1) To eliminate deadweight loss of monopoly and promote social welfare and (2) Make it illegal for managers to pursue strategies that foster monopoly power. PRICE REGULATIONS Government oversight or direct government control over the price charged in a market, especially by a firm with market control. Price regulation is most commonly used for public utilities characterized as natural monopolies. If allowed to maximize profit restrained, the price charged would exceed marginal cost and production would be inefficient. However, because such firms, as public utilities, produce output that is deemed essential or critical for the public, government steps in to regulate or control the price. The two most common methods of price regulation are marginal-cost pricing and average-cost pricing. Graphical presentation of Marginal-Cost Pricing: EXTERNALITIES An externalities is a cost or benefit which results from an activity or transaction and which results from an activity or transaction and which affects an otherwise uninvolved party who did not choose to incur that cost or benefit. For example, manufacturing activities which cause air pollution impose health and clean-up costs on the whole society, while the neighbors  of an individual who chooses to fire-proof his home may benefit from a reduced risk of a fire spreading to their own house. If external cost exist, such pollution, the producer may choose to produce more of the product than would be produced if he were required to pay all associated environmental costs. If there are external benefits, such as in public safety, less of the good may be produced than would be the case if the producer were to receive payment for the external benefits to others. For the purpose of these statements, overall cost and benefit to society is defined as the sum of the imputed monetary value of benefits and costs to all parties involved. Thus, it is said that, for good with externalities, unregulated market prices do not reflect the full social costs or benefit of the transaction. Government regulations may induce the socially efficient level of output by forcing firms to internalize pollution costs. Example of this is the Clean Air Act of 1970. EXAMPLES OF EXTERNALITIES A negative externality is an action of a product on consumers that imposes a negative effect on a third party; it is â€Å"social cost†. ïÆ'ËœAir pollution – from burning fossil fuels causes damages to crops, (historic) buildings and public health. ïÆ'ËœAnthropogenic climate change – is attributed to greenhouse gas emissions from burning oil, gas and coal. ïÆ'ËœWater pollution – by industries that adds effluent which harms, animals and human. ïÆ'ËœNoise pollution – which may be is mentally and psychologically disruptive. ïÆ'ËœSystem risk – describe the risks to the overall economy arising from the risks which the banking system takes. Socially Efficient Equilibrium: Internal and External Costs PUBLIC GOODS In economics, a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.[1] Examples of public goods include fresh air, knowledge, lighthouses, national defense, flood control systems and street lighting. Public goods that are available everywhere are sometimes referred to as global public goods. Many public goods may at times be subject to excessive use resulting in  negative externalities affecting all users; for example air pollution and traffic congestion. Public goods problems are often closely related to the â€Å"free-rider† problem, in which people not paying for the good may continue to access it, or the tragedy of the commons, where consumption of a shared resource by individuals acting in their individual and immediate self-interest diminishes or even destroys the original resource. Thus, the good may be under-produced, overused or degraded.[2] Public goods may also become subject to restrictions on access and may then be considered to be club goods or private goods; exclusion mechanisms include copyright, patents, congestion pricing, and pay television. Uncoordinated markets driven by self-interested parties may be unable to provide these goods. There is a good deal of debate and literature on how to measure the significance of public goods problems in an economy, and to identify the best remedies. Graphical presentation of Public Goods: ïÆ'ËœNonrival: A good which when consumed by one person does not preclude other people from also consuming the good. †¢Example: Radio signals, national defense ïÆ'ËœNonexclusionary: No one is excluded from consuming the good once it is provided. †¢Example: Clean air ïÆ'˜â€Å"Free Rider† Problem – Individuals have little incentive to buy a public good because of their nonrival & nonexclusionary nature. Public goods provide a very important example of market failure, in which market-like behavior of individual gain-seeking does not produce efficient results. The production of public goods results in positive externalities which are not remunerated. If private organizations don’t reap all the benefits of a public good which they have produced, their incentives to produce it voluntarily might be insufficient. Consumers can take advantage of public goods without contributing sufficiently to their creation. This is called the free rider problem, or occasionally, the â€Å"easy rider problem† (because consumers’ contributions will be small but non-zero). If too many consumers decide to ‘free-ride’, private costs exceed private benefits and the  incentive to provide the good or service through the market disappears. The market thus fails to provide a good or service for which there is a need. The free rider problem depends on a conception of the human being as homo economicus: purely rational and also purely selfish—extremely individualistic, considering only those benefits and costs that directly affect him or her. Public goods give such a person an incentive to be a free rider. For example, consider national defense, a standard example of a pure public good. Suppose homo economicus thinks about exerting some extra effort to defend the nation. The benefits to the individual of this effort would be very low, since the benefits would be distributed among all of the millions of other people in the country. There is also a very high possibility that he or she could get injured or killed during the course of his or her military service. INCOMPLETE INFORMATION For markets to function efficiently, participants must have reasonably good information about things such as prices, quality, available technologies, and the risks associated with working in certain jobs or consuming certain products. When participants in the market have incomplete information about such things, the result will be inefficiencies in input usage and in firms’ output. †¢Participants in a market that have incomplete information about prices, quality, technology, or risks may be inefficient. †¢The Government serves as a provider of information to combat the inefficiencies caused by incomplete and/or asymmetric information. Government Policies Designed to Mitigate Incomplete Information †¢OSHA (Occupational Safety and Health Administration) – the regulations are carried out by the Occupational Safety and Health Administration (OSHA). One of the more severe causes of market failure is asymmetric information, a situation where some market participants have better information than others †¢SEC (Security and Exchange Commission) †¢Certification – Another policy government uses to disseminate information and reduce asymmetric information is the certification of skills and/or authenticity. The purpose of certification is to centralize the cost of gathering information. †¢Truth in lending – Regulation Z and TLSA require that all creditors comply with the act. A creditor is defined as anyone who loans money subject to a finance charge, where the money is to be paid back in four or more installments. A creditor must also be the person to whom the original obligation is payable. TLSA has some exemptions regarding the types of loans covered, the most notable being business, agricultural, and commercial loans. †¢Truth in advertising – This advantage may give firms an incentive to make false claims about the merits of their products to capitalize on consumers’ lack of information. †¢Contract enforcement – Another way government solves the problems of asymmetric information is through contract enforcement. For example, suppose your boss â€Å"promised† you payment for labor services at the end of the month. After you have worked for a month, your boss refuses to pay you—in effect gaining a month’s worth of your labor for free. III.RENT SEEKING Rent seeking is an attempt to obtain economic rent by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth. A simple definition of rent seeking is spending resources in order to gain by increasing one’s share of existing wealth, instead of trying to create wealth. †¢Government policies will generally benefit some parties at the expense of others. †¢Lobbyists spend large sums of money in an attempt to affect these policies. †¢This process is known as rent-seeking. An Example: Seeking Monopoly Rights †¢Firm’s monetary incentive to lobby for monopoly rights: A †¢Consumers’ monetary incentive to lobby against monopoly: A+B. †¢Firm’s incentive is smaller than consumers’ incentives. †¢But, consumers’ incentives are spread among many different individuals. †¢As a result, firms often succeed in their lobbying efforts. IV.GOVERNMENT POLICY Sometimes rent seeking manifests itself in the form of government involvement in international markets. Such policies usually take the form of tariffs or quotas that are designed to benefit specific firms and workers at the expense of others. In this section, we will examine how government tariff and quota policies affect managerial decisions. QUOTA ïÆ'ËœLimit on the number of units of a product that a foreign competitor can bring into the country. ïÆ'ËœReduces competition, thus resulting in higher prices, lower consumer surplus, and higher profits for domestic firms. TARIFF ïÆ'ËœLump sum tariff: a fixed fee paid by foreign firms to enter the domestic market. ïÆ'ËœExcise tariff: a per unit fee on each imported product. †¢Causes a shift in the MC curve by the amount of the tariff which in turn decreases the supply of all foreign firms. V.CONCLUSION ïÆ'ËœMarket power, externalities, public goods, and incomplete information create a potential role for government in the marketplace. ïÆ'ËœGovernment’s presence creates rent-seeking incentives, which may undermine its ability to improve matters.

The Internet, Pornography, And Children Essays - Pornography Law

The Internet, Pornography, And Children Essays - Pornography Law The Internet, Pornography, and Children Why should anyone be concerned about pornography on the Internet? After all, this is a free country and everyone should have access to anything they want, right? This position would be true if only adults used the Internet; it can not be true when children also use the Internet. Most people would agree that children should not have access to Internet sites that are considered pornographic. Does that mean that children should not be allowed Internet access or that the Internet should not have pornographic sites? Of course it doesn?t mean that! What it does mean is that the issues arising from the mixture of children and Internet should be dealt with and not ignored. This paper will attempt to intelligently discuss some of those issues. Areas covered will include what the Internet is, risks to children who are viewing the Internet, what pornography is, and laws concerning child pornography (in general and over the Internet). Additionally, the number, content, and accessibility of pornographic sites will be discussed. Lastly, this paper will discuss what measures can be taken to protect children from pornographic Internet sites. What exactly is the Internet? It is a global network of computers used to transmit all types of data between computers. Text, numbers, programs, illustrations, photographs, audio, animation, and video can all be transmitted over the Internet. Contrary to what some people may think, the Internet is not a single computer nor is it a single service. The Internet is not owned by or governed by anyone. It exists solely through the support of the companies and institutions that access it. Though the Internet seems relatively new, its roots actually start in the 1960s. In 1969, the Department of Defense started the ?ARPANET? project. ARPANET was a decentralized computer network that was used to link military researchers at four universities. The Internet later evolved out of ARPANET. Funding from the National Science Foundation in the 1980s eventually led to the Internet being opened to commercial traffic. Services provided over the Internet include the World Wide Web, electronic mail (the most popular service), Newsgroups, and Chat. For one computer to communicate with another computer on the Internet, both computers must be connected to the Internet. Connection to the Internet can come from commercial online services or through Internet service providers. Generally, home users connect to the Internet via the commercial online services over regular phone lines. Some of these services include Prodigy, CompuServe, and America Online. Businesses, universities, government agencies, and the like, often have direct connection to an Internet provider over high-speed digital lines. Some of these providers include Netcom and PSI.1 The number of adults online in the United States by the end of 1998 has been estimated as low as 44 million and as high as 80 million. 2 At the end of 1997, the number of children online was almost 10 million. It is estimated that by the year 2002, 45 million children will be online.3 While it is not clear how many these children have access to the Internet at home, it is clear what percentage of them have access at school. Currently, about 81.8% of all American schools have the Internet. It is estimated by the end of the 1998-1999 school year, about 95.9% of all American schools will be hooked up to the Internet.4 There are risks to a child that a parent should consider before allowing the child to access the Internet. Some of the risks include the following: 1.Exposure to material that is sexual, hateful, or violent in nature and the possible encouragement of illegal or dangerous activities. 2.The safety of a child and/or a child?s family could be compromised by the child providing information or arranging to meet a person they have met over the Internet. 3.A child could be exposed , through e-mail or chat/bulletin board messages, to disturbing, demeaning, or aggressive material. 4.Legal issues resulting from a child using a parent?s credit card or violating another person?s rights.5 Children?s access to pornography on the Internet (risk #1) is a concern of a lot of parents. Pornography is defined as ?1.Pictures, writing, or other material that is sexually explicit and sometimes equates sex with power and violence. 2.The presentation or production of this material.? 6 Of course, that definition is from a standard dictionary. What is considered pornographic usually depends on the individuals judging the material. Child pornography is prohibited in all 50 states. The general statute states that child pornography is comprised of the

Hamlet And T.S. Eliot Essays - Characters In Hamlet, Eliot Family

Hamlet And T.S. Eliot Essays - Characters In Hamlet, Eliot Family Hamlet And T.S. Eliot Over time many opinions have been formed about William Shakespeares work Hamlet. Yet through the quagmire of confusion surrounding the tragedy none have spoken than T.S. Eliot. Eliot sees hamlet as somewhat of an artistic failure due to its confusion between the main plot and the main character. In his analysis Eliot recalls the work of other authors who have talked the subject of Hamlet. He states that many authors connect with Hamlet and dont come to realize their own creative potential. These men come to think of the drama as a classic and therefore see it as an extension of there own artistic ability. Eliot also realizes that in the case of Hamlet interpretation is futile and that only criticism is relevant. Interpretation comes with a certain understanding of the nature of the work and a basis on the history surrounding the tragedy. Through searching and digging many scholars have found the historical relevance behind Hamlet, but Eliots belief is that the public as a whole was to be left ignorant of this information and in turn was not meant to fully understand the full scope of the play. Eliots idea is valid and it has many good points, but I tend to disagree with him. It is true that much of the story line in Hamlet is confusing and that the emphasis shifts numerous times from the actual plot to the actions of the main character, but I find that to be what draws me towards the story. The play is time less to me, but not for this time. For those people who lived in the Elizabethan era it may have been a little more straightforward, but to us it seems to have lost its hold and our understanding.

Capitalism Vs Socialism Essays - Economic Ideologies, Free Essays

Capitalism Vs Socialism Essays - Economic Ideologies, Free Essays Capitalism Vs Socialism Compare and Contrast Capitalism and Socialism Capitalism and socialism are both types of systems in different societies throughout the world that have been successful at times, but also not so fortunate in its success at other times in history. Both have their good and bad points, although the main focus I am presenting will acknowledge socialism in better terms than the capitalist economy. This is to judge which system will be most prosperous, for the most amount of time, in the majority of peoples lifetimes. Also, opinions from socialists are given to how they examine a capitalist society, and how capitalists examine a socialist society. Criticism is given in each ones point of view, along with defending arguments. Also, my personal opinion is the main conclusion to which economy is the most prosperous based on facts contributed in my own research on both capitalism and socialism. The definition for capitalism would be a form of social system that separates the economy from the state. Laissez faire is another name that was given by Scottish philosopher Adam Smith. He said it is better for a government to have no intervention in the economy at all. Capitalism is based upon private ownership of property and every person has the right to live his life in any manner he chooses, as long as he does not violate the rights of others. Individuals are allowed to run their own businesses in a free market in such way that he or she creates the wealth for him or her self. It usually depends on how self-motivated a person is to determine how wealth they will become. If a person is always working hard to make money, they most likely will, compared to a bum who can not get welfare in this type of system. Capitalists believe that the only purpose of a government is to protect its citizens from force or fraud. They claim that the force is the protection of individuals rights. T his is achieved in such ways as the use of police force to protect the rights of citizens at home, a military to protect citizens from foreign attack, and a court system to enforce contracts and settle disputes between residents. Capitalists also feel that initiating force can only violate rights, thus the government only uses force in relation of those who initiate it. For instance, if an individual can not start his own electric company, it is a violation of his freedoms. A capitalists argument towards this statement would be that the governments legal monopoly on utility companies prevents people from starting their own electric company. In a capitalist society all people can start any kind of business they want. The protections of monopolies are not there. If a person wants to take the chance on their own company, even if it is next to one that is successful, the peril is in their own hands. The only law capitalists clearly state, and one must follow is that members of society can not infringe on the rights of others. They give credence to holding individual rights as absolutes, and freedoms as absolutes. From a purely economic view, a capitalist is a person who buys in order to sell for profit. Socialism is quite different compared to capitalism, almost like an exact opposite. Instead of the ownership of private property, the government plays a large role where society owns social property such as banks and factories. Although, they own it through the government. Socialism is a society where the

Identifying a Social Problem, the Consequences to Society caused by Essay

Identifying a Social Problem, the Consequences to Society caused by it, and a possible Solution to the problem - Essay Example It includes sustained low levels of income for members of a community. It includes a lack of access to services like education, markets, health care, lack of decision making ability, and lack of communal facilities like water, sanitation, roads, transportation, and communications.† It is social in nature because it permeates the smallest unit of every society – the individual in the family and affects his interrelationships with other members of his social class. Because children, as victims of neglect due to the inability of parents to support and sustain their needs, instead of being productive members of society when they grow up, there is a tendency for maladjusted behaviors compromising potentials for revenues for the society; therefore, society needs to address five factors contributory to poverty such as ignorance, apathy, disease, dishonesty and dependency. There are many negative consequences to society relating to the issue of poverty, such as: lack of access t o education, unemployment, inability to access health care, inaccessibility to public utilities and resources. A large portion of the underprivileged and the poor are women without husbands, the old, children, unskilled, and disabled people with physical handicaps and severe mental condition. Due to the inability of parents to support and sustain the children’s needs, children of poor families are deemed neglected and abused. According to the Child Abuse Prevention and Treatment Act (CAPTA), child abuse and neglect is defined as â€Å"any recent act or failure to act on the part of a parent or caretaker, which results in death, serious physical or emotional harm, sexual abuse, or exploitation, or an act or failure to act which presents an imminent risk of serious harm† (USDHHS, par. 1). In a related research published by the NSPCC, the information from the report reveals that children of impoverished families are recipients of negative outcomes, such as: poor health, i ncreased tendencies for early death, illness or accident, inability to attend proper educational instructions, higher propensities for criminal activities, or increased tendencies to be crime victims (NSPCC, 2). The long term effects of child neglect are suffered by society in terms of shouldering direct costs local agencies spending more in terms of providing services for child welfare programs, legal advice, and provision of health care (NAIC, 3). In addition, society is likewise affected indirectly through supporting and sustaining expenses for mental illness, drug abuse, criminal activity, loss of productivity due to underemployment and unemployment, and increased use of health care systems (NAIC, 3). This simply means that society shoulders direct expenses from welfare, health and legal programs of poor families. On the other hand, when children of poor parents could not afford to give them proper education, they turn out to perform lower and terms of employment and could have greater tendencies to commit crime. In this regard, society through state and federal authorities must enact and collaborate towards eliminating the root causes of poverty to address the ills identified linking poverty to child maltreatment and neglect. As proposed by Bartle, as poverty