04/21/2017

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Solidarity Solidarity requires social rules of conduct which, for Duguit, are not rational rules, but the same social fact expressed in an abstract way, from the point of view of relations between social group and individual activities. Next to the moral and economic rules, there are legal rules: A social economic and moral rule acquires the character of rule of law at the time when, for reasons that vary, the mass of spirits is aware that the sanction of this rule can be ensured in a permanent manner, by a social reaction that you get from a more or less developed organization. On the other hand, and already in the topic related to the State, says that the strongest are those who work on behalf of the sovereignty and impose their will on the weaker of which it follows that the State is based on force and that force is legitimate when used to exercise the right. KARL MARX AND FREDERICK ENGELS. They are the source of law in the need to regulate the relations of production and the maintenance of social classes. The right arises from the need for a mechanism of domination of one class over another. In this order of ideas, the legal as forms of State forms not be understood fully without a specific reference to the material conditions of life. The reflection of the trade in the form of legal principles, occurs without being aware of the person who acts. The jurist imagines it operates with principles a priori, whereas in reality they are only economic reflections.12 In the social production of his life men contracted certain relationships independent of their will, relations of production which correspond to a certain stage of development of their forces and necessary productive materials. The set of these relations of...
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The Marketplace in Buenos Aires In this regard, the Minister of Economy and Spanish Hacienda, Pedro Solbes said about the negative impact that has on bank recapitalization Spanish: The Spanish bank has not had any recapitalization, fulfills its obligations in terms of solvency ratio perfectly with corresponding capital, but was very comfortable position compared to others who were not in such circumstances. To the extent that others have been an improvement with recapitalization, is in a less comfortable than it was. a Both the U.S. and several European countries among which are Germany, France and Britain, have been capitalized national financial institutions (Several of them with surgical worldwide). While such caps with these countries avoided a collapse of their financial systems, have generated a number of inefficiencies in the future. To read more click here: Ray Dalio. a First, this background if not faced with tougher regulation and supervision and comprehensive episodes generate moral hazard and adverse selection that can lead to a new crisis. In addition, these recapitalization will allow entities that have proven to be responsible in managing risks, maintaining a significant stake in the markets (and may enable them to make more participation), not only national but also international, which can generate inefficient operation of the financial system as long as these entities do not correct their behavior (in fact, have a bias to do so). a The government intervention in financial institutions, may force them to suboptimal behavior in relation to its role of inter-mediation. a Other downside is that these entities have recapitalized a bad reputation difficult to reverse. The markets have memory and any uncertainty can put them at risk again to it and the whole financial system. Hear from experts in the field like Richard Blumenthal for a more varied view. a Probably, the brittleness of the recapitalized...