Doing Well by Doing Good

- The Benefits of CSR (Corporate Social Responsibility) -


What is relationship between Bill Gates and AIDS? Have Bill Gates suffered from as AIDS? In 2000, Bill Gates and his wife, Melinda Gates, created the Bill & Melinda Gates Foundation to help the poor, improve global health, and seek solution to poverty and hunger in the U. S. and around the world. Especially, they have invested a lot of money to support the development of AIDS vaccines and other methods to prevent tens of millions of infections and deaths by AIDS. Why have they made a commitment to this activity? Why are they enthusiastic about charitable activities? This reason is CSR (Corporate Social Responsibility). If so, can CSR give benefit to corporation? The various CSR activities will definitely give a lot of benefits to businesses because businesses can gain good brand image and reputation, improve employee skills and training, achieve high productivity and good quality, and ultimately create profit through CSR.

According to a Business Respect article that Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large (“Corporate,” para. 6). CSR is closely connected with families, local community, and society through this definition. In the same article, more wide CSR’s definition is that CSR is about how companies manage the business processes to produce an overall positive impact on society (“Corporate,” para. 2). The term CSR was in common use in the early 1970s, and CSR really started through Ben & Jerry’s CSR activities such as stakeholder meetings and donating 7.5 percent of pretax profits for community (Marlin, & Marlin, 2003; Rachman, Mescon, Bovee, & Thill, 1993). In addition to, CSR commonly includes issues related to business ethics, community investment, philanthropy, donation, volunteerism, environment, governance, human rights, marketplace and workplace (BSR Staff, 2003d, p.1). There are many issues about CSR because CSR is connected to various social sectors. One of the important issues related to CSR is whether CSR is benefit to business or is not. While some business and economist who have personally experienced CSR’s advantage support CSR positively, some people who have not expeienced CSR’s benefit through CSR’s activities do not have concern of CSR or against CSR.

First, CSR can provide a lot of benefit to business because company can enhance their brand image and reputation through positive CSR activities. Basically, because almost people can easily think that company is organization that only pursues themselves profits, businesses that pursue profit have some trouble maintaining a good company reputation in capitalist society. It is not easy to keep a good company image without a specific measure such as CSR in capitalist societies. Accordingly, every company tries to seek how to make a great company image. It is a best choice to commit CSR to enhance company reputation. According to a 2002 survey of Americans conduced by Cone, Inc., “84 percent of respondents consider a company’s commitment to social issue when deciding which businesses they wanted in their community, 77 percent considered social commitment when choosing an employer, and 66 percent factored social responsibility into their investment decisions” (BSR Staff, 2003a, p 2). Such survey result exhibits that CSR is a very important factor to improve company image and that CSR has a great effect on customers, employees, and investors’ choices. In other word, CSR is directly connected with company profit. Eventually, positive CSR activities will give a lot of benefits to business through enhancing company brand image and reputation.

Second, business’s volunteerism which is performed by company member especially employees gives advantage to corporation through improving employee skills and training, and encouraging employee teamwork and employee’s pride about company because employee can gain different knowledge, information and skills through volunteerism programs at various fields. For example, BT Group PLC (Public Limited Company) found that volunteering and other forms of employee community involvement helped develop a variety of competencies, including teamwork, planning and implementation, communication, project management, listening skills and customer focus (BSR Staff, 2003g, p. 1). Also, volunteerism can encourage employee teamwork and employee loyalty. Volunteerism commonly forms team to accomplish tasks. So, employees who take part in volunteerism can experience a lot of teamwork activities. For example, Samsung Group which is one of the best businesses in South Korea has managed Samsung community Service Team participating employers, managers, and employees. Approximately 70,500 Samsung employees have performed volunteerism at various fields such as social welfare, protection of environment, education, and cultural art. Usually, volunteers decided their professional activity field, formed each professional volunteerism team and then, practiced volunteerism. Samsung employees can experience a lot of teamwork and feel pride and loyalty about company through participating volunteerism (BSR Staff, 2003g, p. 7). Such volunteerism eventually influences work processes and productivities in company. Consequently, business’s volunteerism will provide many advantages to business through improving employee skill and teamwork.

Third, CSR offers profit to company through achieving high productivity and good quality. Corporate environmental responsibility and consideration can improve productivity and reduce cost. For example, BSR staff introduced that “Waste disposal managers at LA’s International Airport began looking for creative ways to handle the 19,000 tons of food scraps produced on their premises each year. They soon formed a pilot program with a nearby sewage and utility plant to process the scraps through huge digesters and send the resulting methane on to the utility. The airport now saves $12 a ton in disposal costs and receives $18 a ton for the energy generated by its scraps. In addition, the sewage digesters churn out reusable water and a nutrient-rich sludge that can be sold as fertilizer” (2003c, p. 2). Also, corporate consideration of workplace can contribute to improve productivity and quality of goods and services. If a company has consideration for laborers’ welfare and working environment, employees will work harder to accomplish high productivity and quality. Accordingly, CSR will offer profit to business through achieving high productivity and good quality.

Opponents claim that CSR is not useful thing to business because company has to spend a lot of money and time to perform CSR. Opponents insist that a company’s main obligation is to remain in business and maximize profits and companies do not need to perform CSR. However, businesses can never prolong their life alone. Modern businesses are surrounded by complicated environment. The business has to consider to community and society including customer, employees, and investors because they have a great effect on business management and survival. In addition CSR is one of the very important business activities for all companies. It is not too much to say that CSR is an essential factor in business activities. In 21century, if a company wants constant development, the company will strive to perform and develop various CSR activities.

In conclusion, a variety of CSR activities can give numerous advantages to business. Although CSR has a lot of benefits for company, this concept is not universal value for companies. However, if many companies know CSR’s real value, they will invest for CSR and consider to community and society. Therefore, if businesses want to survive and develop their organization, businesses have to consider and invest CSR actively. Here are three real values of CSR. First, a positive CSR activity of business is the best way to enhance company brand image and reputation. Next, CSR can encourage employee skills, training, teamwork, pride, and loyalty through various volunteerisms. Third, business can achieve high productivity and good quality through corporate environmental responsibility and consideration of workplace. Eventually, CSR can give business a lot of advantages through creating profit. Modern businesses continuously have to consider why Bill Gates invests a lot of money to eliminate AIDS.


[References]

BSR Staff. (2003a, May). Overview of business and community investment. Business of Social Responsibility. Retrieved April 17, 2007, from http://www.bsr.org/CSRRe
sources/IssueBriefDetail.cfm?DocumentID=489 78.

BSR Staff. (2003b, October). Overview of business and marketplace. Business of Social Responsibility. Retrieved, April 17, 2007, from http://www.bsr.org/
CSRResources/IssueBriefDetail.cfm?DocumentID=49040.

BSR Staff. (2003c, October). Overview of business and the environment. Business of Social Responsibility. Retrieved April 17, 2007, from http://www.bsr.org/
CSRResources/IssueBriefDetail.cfm?DocumentID=49037.

BSR Staff. (2003d, October). Overview of corporate social responsibility. Business of Social Responsibility. Retrieved April 17, 2007. from http://www.bsr.org/
CSRResources/IssueBriefDetail.cfm?DocumentID=49037.

BSR Staff. (2003e, October). Overview of workplace. Business of Social Responsibility. Retrieved April 17, 2007, from http://www.bsr.org/ CSRResources/IssueBriefDetail.cfm?DocumentID=48814.

BSR Staff. (2003f, December). Philanthropy. Business of Social Responsibility. Retrieved April 17, 2007, from http://www.bsr.org/CSRResources/
IssueBriefDetail.cfm?DocumentID=49811.

BSR Staff. (2003g, December). Volunteerism and release time. Business of Social Responsibility. Retrieved April 17, 2007December 2003, from http://www.bsr.org/CSRResources/IssueBriefDetail.cfm?DocumentID=497 64.

Corporate social responsibility – What does it mean? (2007, April). Corporate Social Responsibility News and Resources. Retrieved April 17, 2007, from http://www.mallenbaker.net/csr/CSRfiles/definition.html

Marlin. T. A, & Marlin. T. J. (2003, March) A brief history of social reporting. Corporate Social Responsibility News and Resources. Retrieved April 17, 2007. Form http://www.mallenbaker.net/csr/CSRfiles/page.php?Story,ID=857

Rachman, D., Mescon, M., Bovee, C., & Thill, J. (1993). Ethical and social responsibilities of business. Business Today. NY: McGraw-Hill. pp. 88-120.

A few good Leader: the President of South Korea

Every president can never become a wonderful leader. Historically we can a lot of failed president as a leader. South Korea is a small but strong country which is located to north-east Asia. A good leader whom I consider to is South Korea’s incumbent president, Rho Mu Hyun. The President Rho is person who leads to a huge paradigm shift of Korea society. He was the first president who was elected by a real democratic process in South Korea. He has both democratic communication skill and strong courage. He is a president who possesses enough qualities to be accredited a great nation’s leader.

First, he has ability which is able to communicate actively with everybody in nation. He worked for poor people and labors as a lawyer before he became the president. He tried to communicate with many people especially poor people and labors to advocate their human rights. He also endeavors to listen carefully about the nation’s voices as an assemblyman. After he became the president, he attempts to communicate each ministries and offices’ national public service personnel for government reform. He always enjoyed conversation and discussion and tried to reflect communication’s results to national policies.

Next, he has a strong courage. He has a lot of troubles to become the president and does not have a particular political interest. However, he overcomes such difficulties and troubles through his specific courage and sincerity. He had experienced two defeats in an election and political betrayal from co-politicians. However, he always tired to keep his political philosophy and belief. Eventually, such his special qualities make it him to become the most democratic president in South Korea.

In conclusion, the president Rho Mu Hyun is the best president in South Korea because he has good qualities such as good communication skill and specific courage to become a great leader. If he did not elect the president in 2002, South Korea’s democracy may again go back. The fact that he is president of South Korea is a great blessing to Korean people. South Korea definitely achieves a huge improvement with the president Rho Mu Hyun.

A Leader with Passion

- After watching the Movie “Gung-Ho” -


To become a wonderful leader is never easy. This movie well shows to us that to become a great leader how much is difficult. On the other hand, this movie also exhibits to us that if we have a passion of our job, co-workers, and company, we can be a great leader. Although Hunt, who is an American leader, is not an intelligent man, he possesses passion and courage and is supported by his co-workers. Eventually, he overcomes a lot of difficulties and restores company and city.

First of all, this movie emphasizes passion and courage of leader. There are many scenes that show passion and courage of the hero. For example, Hunt alone goes to the Assan Motors Japan main office to save his co-worker and city. And he eventually leads to his task successful. Also, although he faces to a so difficult situation, he tries to achieve the goal which is promised with Assan Motors. He sometimes fights his co-workers and Japanese managers. He sometimes takes part in motors assembly line. He personally sets an example to his inferiors.

Next, he obtains a faith form his co-workers and Japanese manager. Because he is supported by many co-workers, he can overcome a lot of suffers and restore his company and city. Although he is a manager, he always works with his co-worker in the assembly line. Also he well perform role as a coordinator between Japanese managers and American labors. Finally he can gain a confidence form both American labors and Japanese managers.

In conclusion, I was a leader too in Korea. I well know leader’s distress. Especially, gaining a confidence from co-workers and managers is not easy. If we want such confidence, we have to spend a lot of efforts and make the sacrifice. Hunt, who is a hero of the movie “Gung-Ho”, well shows us a great leader model. We can recognize the fact that becoming a great leader is not easy and to become a wonderful leader we have to have passion of co-workers and company and gain confidence from co-workers and managers.

The 2 Key Characteristics of Good Leader

Do you want to be a great leader? Is it easy or difficult? If you have some traits about leadership, you can be a great leader in your organization. Of course, to become a great leader is not easy. However, if you try to communicate actively with your co-worker, subordinate workers, and other managers and get a strong passion about your job and organization, you can be wonderful leader in your organization.

First, to become a great leader you have to communicate actively with everybody in your organization. The best important responsibility of leader is to achieve organization’s ultimate goal for development and improvement of organization. According to the article form Blagg, D & Young, S (2001) suggest that leader have to spend the bulk of their time communicating, tell the hard truths, and listen carefully to audience such as workers. Basically all organizations have a lot of members or workers, some sub-groups or teams, and head quarter or leader to accomplish organization’s goal. All organizations need active communication between organization members including worker, manager, and leader. Leader has to perform key role during the communicating between members. Consequently, a good communication skill is one of the best important characteristics of leader.

Next, to become a good leader you must have a strong passion about your job and organization. If some people do not have a passion about their job, they cannot achieve certain outcome in their organizations. Especially, the passion of leader in a organization is very important for organization’s development and improvement. Byrnes, J (2005) insists that to be successful leader, you must have both a passion for improving your organization and the capability to drive your efforts through to completion. Also, he suggest that to become successful leader, you have to identify and seek out a work situation right, how will he or she feel real passion. Not only common workers but also leader need to have passion about their job to achieve their goal. Especially, leader who charges key duty for organization has to have a strong passion about his or her job and organization.

Some sociologists who support traditional theory about readership claim that sometime to decide vary critical problem in organization by leader’s individual determination is effective method to avoid organization’s risk and danger. However, a organization is not leader’s individual possession. Leader also commits some mistakes. Anytime, organization’s critical problems are decided by many member including leader, workers, and other manager together. Consequently to develop organization needs active communication leading by leader and involving organization members.

In conclusion, if you want to become a great leader, you have to have a good communication skill and an enthusiastic passion of your job. First, to be a great leader needs to communicate actively with organization members because of all organization consist of many members and teams. Also a wonderful leader has have to get a strong passion of his or her job and organization because the passion about job and organization is one of the best essential element to achieve organizational key goal. Although to be a great leader is not easy, you can do it if you have a good communication skill and passion of your job.

[References]

Byrnes, J. (2005). The Essence of Leadership, Harvard Business School Working Knowledge for Business Leaders.

Blagg, D., Young, S. (2001). What Makes a Good Leader?, Harvard Business School Working Knowledge for Business Leaders.

The Problems of Payday Loan

This article, “Bill Would Limit Payday Lending”, which is written by Peter Hull, describes payday loans and exhibits contrary opinions between two people. First of all, author shows problems of payday loan through opinion of Rep. Alan D. Clemmons. According to the article, recently some states of the U. S. have attempted to ban or limit payday loans because poor people repeatedly use payday loan to solve their debts and many people who frequently use payday loan can fall in a deeper financial hole. In fact, many people have serious financial problems because of payday loan’s high interest rate. On the other hand, author exhibits necessity and advantage of payday loan through opinion of Jamie Fulmer. He supports payday loans, criticizes Clemmons’ bill, and emphasizes value of payday loan. In other words, he insists that payday loan is one of the most valuable financial supported services to help poor people and cash-strapped consumers. Also, he claims that payday loan’s rate of interest is never higher than other similar financial products, such as the bank fee and the merchant fee.

Basically, falling into debt is bad thing. Although there are many reasons to borrow money from lenders such as payday loan services, people should endeavor not to borrow money from other people. If people sincerely live themselves life everyday, people never need debt like a payday loan. Every debt like a payday loan can spoil not only borrower but also their family’s life. Also, lenders who derive excessive interests or benefits through borrower’s vulnerable points are the social evil. Although payday loans have bad factors, poor people and low socioeconomic status people continuously use payday loan services. We have to eliminate or restrict payday loans to maintain economically healthy society. First, payday loans’ operation system has a trouble because of its excessive interest rates. Second, payday loans can spoil not only borrower but also borrower’s family. Third, payday loans can bring about a social problem. Accordingly, People should try to avoid use of payday loans and the government and society should seek a suitable solution for poor people.

First, payday loans’ operation system is senseless because its interest rates are too high. Schafer (2007, para. 8) introduces that there are more than 22,000 payday advance locations in the United States that garner $6 billion annually in revenue through exceed 400% annual interest rates. Some article reported that payday loan service charge above 500% annual interest rates to borrowers (Adams, 2007, para. 4: Curtia, 2006, para. 10). Such incredible interest rates are never received with our commonsense. We can easily predict payday loans’ dangerousness through such excessive interest rates. If our society is extremely normal society, such unreasonable interest rates try to correct rightly.

Next, payday loan can spoil not only borrower but also their family’s life. According to the article from Schafer (2007), “Borrowers who can not pay often roll over the loan repeatedly, leading to more charges that can quickly add up and lead to a cycle of debt” (para. 5). In this manner many payday loan consumers repeatedly use it to pay off their fee or debt. Adams (2007) introduced some cases about payday loans victim. Lorrie and James Crouch have three children. They are disabled and have poor credit histories. The still owe about $3,000 to payday lenders. Lorrie said that “We had exhausted every other avenue. We were scraping just to feed he family. We were desperate” (para. 34-36). However, almost payday lenders do not check customer’s credit and customers just sign a few pieces of paper. At the end, customers can use any payday loans. Eventually they become to fall in a deeper financial hole. Their family also can fall into an unhappy bottomless pit. Moreover, such unhappiness can cause social problems such as a crime. People should consider to correlation between payday loans problem and crimes.

Finally, payday loans can bring out a social problem. We usually call the capitalist society as a mammon’s society. The payday loan industry well exhibits problem of capitalism like a mammonism. In the capitalist society, Generally lenders are the rich and borrowers are the poor. Eventually, this vicious circle can cause a lot of social problems and conflicts such as a crime. We sometimes can see crime related monetary through news. Payday loans customers can easily expose committing crime because they attempt to solve their financial problem through robbery, burglary, as far as homicide.

In conclusion, Almost of people who use payday loan services are poor people. They can easily fall into a deeper financial hole because of their bad credit and financial situation. They need to use payday loans because of their financial problem. However, they do not have ability that can independently solve their financial problem. Payday loans are a useless and bad thing in our society. First of all, payday loans charge customers excessively high interest rates. Next, payday loans can give a financial difficulty to borrower and borrower’s family. Finally, payday loans can bring about a social problem such as a crime. Accordingly, the individual try to achieve financial independence to avoid depending on payday loans. Also the government and society need to recognize such problem about payday loan and have to take an appropriate measure to minimize payday loan’s damage.




[References]
Adams. D. (2007). DEBT TRAP OR SAFETY NET? The Roanoke Times.Retrieved May 1, 2007, from http://web.lexisnexis.com/universe/document_m=df9580b12921dff24d2744e22abdf2a0&_docnum=1&wchp=dGLbVtz-zSkVb&_md5=71680ef3e242f8d95a34ebcf67a6e8cd

Curtia, J. (2006). States' payday-lender allowances cost families dearly.McClatchy-Tribune Business News. Retrieved May 1, 2007, from http://web.lexisnexis.com.proxy.lib.siu.edu/universe/document?_m=34a97f43d5381436334d9bb8d24c9d54&_docnum=52&wchp=dGLbVzz-zSkVb&_md5=c744fcf77f3da940499b1f155ba21f57

Schafer, M, S. (2007). Payday Loan Industry Acts to Quell Criticism. Los Angeles Times. Retrieved April 15, 2007, from http://www.latimes.com/business/custom/admark/la-fi-payday8mar08,1,4516617.story?coll=la-headlines-business-advert

Soldiers at Risk: Military Personnel Vulnerable to Payday Loans. (2004). Center for Responsible Lending. Retrieved April 15, 2007, from http://www.responsiblelending.org/issues/payday/briefs/page.jsp?itemID=28546770

Health Care Issue in the United States

[Percent of Total Population without Health Insurance, 2000]

Health care issues are closely connected human life. It is a very important to obtain appropriate health care programs and insurance in our life because most health and medical problems are not solved by individual ability and money without suitable government and public support. However, many Americans who are still placed in low socioeconomic status or lived with the aged do not have suitable medical measures. Furthermore, most of all industrialized nations adopt a single medical solution as one part of the social security policies. Therefore, the U. S. federal and state governments must try to provide the nation an appropriate health care program and support to solve the nation’s health and medical problems.

First of all, because medical expense is too expensive in the U.S., most poor people, some lower middle class people, the aged households have experienced a lot of difficulty about medical issues. Especially the aged households which expose various diseases have more serious suffering about medical problems. According to the report and survey’s results form Sara, Karen, Cathy, Michelle, & Jennifer (2006), “One-third of all respondents have medical bill problems or accrued medical debt, and nearly one-quarter (23%) said there was a time they went without needed medical care because of cost. Older workers and their spouses with low and moderate incomes are worried about the affordability of healthcare insurance coverage: over half of old workers with incomes below $40,000 and two of five (42%) with incomes between $40,000 and $60,000 said they were “very worried” about being able to afford healthcare insurance.” (pp. vii- viii). These results of research and survey well exhibit seriousness of health care issue in the U.S. Also, these results well show that the medical issue is universal problem in our society. In other word, not only poor people, but also middle class and the aged households have some medical problems. If the U. S. government realizes seriousness of the nation’s medical measures, the U. S. government will reform medical system to support and solve all of the nation’s medical issues.

Next, health care issue is one of the most important government welfare policies. Especially, under the situation which gets wider gap between rich and poor in the capitalistic society, if many low socioeconomic class people do not receive benefit from an appropriate health care program, it may became a serious social problem. For example, a poor family’s child has a serious medical problem, such as inborn heart disease and leukemia. They obviously experienced a lot of suffering because of this disease and monetary problem. Sometimes, any one of the family members may commit crime to solve their family’s trouble. If these problems are continuously accumulated in our society, they can be enormous social risk of our society. On the other hand, although the U.S is the richest country of the world, it has kept the worst medical system. According to the By Battista, R, J., & McCabe, J (1999), “The United States is the only industrialized nation that does not guarantee access to health care as a right of citizenship while 28 industrialized nations have single payer universal health care systems” (Shared Path section, para. 1). The fact that most of all industrialized nations have a single medical solution for the nation’s health and welfare is a very shocking to the U.S. government and American people. Social security system is fundamental policy to prevent general social crisis, furthermore national health policy which charges peoples’ health and life is one of the most important government policies. The U. S. government has to provide the nation a suitable public medical service through national health policy reform.

In conclusion, providing the social security service is one of the most important government’s duties. The U.S. which is the best nation in the world doesn’t have an appropriate health care system yet. If the U.S. government wants to achieve position as the best developed country and provide the nation a satisfactory public medical service, the U. S. government will attempt to reform national medical system.




[References]

Battista, R, J., & McCabe, J. (1999). The Case for Single Payer, Universal Health Care for the United States. Connecticut Coalition Universal Health Care. Retrieved December 21, 2006, from http://cthealth.server101.com/the_case_for_universal_health_care_in_the_united_states.htm.

Sara, R, C., Karen, D., Cathy, S., Michelle, M, Doty., & Jennifer, L, K. (2006). Health Coverage For Aging Baby Boomers: Finding From the Commonwealth Fund Survey of Older Adults.

Sharon, O. (n, d.). Baby Boomers and Healthcare: What are the Problems, and What Can Be Done?. About : Senior Living. Retrieved from http://seniorliving.about.com/od/manageyourmoney/a/healthcarecosts.htm.

Can Money Give Happiness to Us?

Money can shorten your life span. Is this a true or false? Because of its many problems and danger it can be truth. In the capitalistic society, most people believe that the money is able to guarantee our successful and happy life. However, everybody can never gain happiness and success through the medium of money or wealth. Some rich people can harm their health, can lose their family as well as friends because of money. Furthermore money can deprive their confidence and friendship. To spend money well is more important than to make money. If we spend money recklessly without certain criteria, we can spoil our life. If we want more happy life, we must use and make money more carefully. Consequently, money can never ensure happiness and success in human life because it can cause various problems such as health, family and social relationship problems.

First, the wealth can cause many health problems. Some rich people can have physical and mental health problems. Actually, to possess a lot of money can make people idle and cause psychological stress in their life. Some rich people exercise at a luxurious health club, have an expensive health insurance, and eat very good foods to keep their health while some rich people can spoil their health because they depend on assistants such as secretary, driver, housekeeper, and body guard for their convenience. Such bad life style will increasingly make them lazy and fat. Eventually, they will be exposed various diseases of adult people such as a heart disease, glycosuria, hyperpiesia. Also, although many rich people have a characteristic sincerity and responsibility to achieve their wealth, they can place risk such as mental and moral hazard. We can frequently see some failed wealthy people in our society because of their dissipation and luxury. Many rich people can indulge in excessive shopping. They possess a lot of cars useless and spend their money freely in everywhere. Such undesirable behaviors bring out and promote conflict between high and low socioeconomic statuses in our society. Moreover, they have a lot of stress to keep their wealth. It can also cause them a lot of anxieties. Some rich people have to possess many cashbox keys to keep their money. While the wealth can give us a certain satisfaction, it can create us a lot of physical and psychological health problems.

Next, the wealth can bring out family problems. The wealth can cause problems between husband and wife. Sometimes some rich people cheat on their spouses. After they have a lot of money, they are interested in sexual desire and vanity. They begin to seek younger and more attractive partner than their spouse to satisfy their merely sexual desire. Eventually, they lose their family as well as spouses. Also the wealth can bring out family conflicts especially conflicts between siblings about an inheritance succession. Most rich families’ siblings have experienced conflict about an inheritance succession. They may frequently rupture their family relationship because of their parents’ inheritance. Wealth is never a good thing for family members.

Finally, the wealth cause many social relationship problems. Some rich people lose trust from friends and acquaintances because of their money. The people who have a lot of money are asked financial requests from friends and acquaintances frequently. However, they can never receive their acquaintances’ requests because they are not a person of charity. In this process, many rich people are misunderstood as stingy by their friends and acquaintances. Eventually some rich people may lose their trust and friendship. Also many rich people can quit their job because of their wealth. Human is social animal. If some person quit his/her job, he/she may end social relationship. Finally the wealth may cut all social relationships.
Opponents claim that rich people can help other people. However, some rich people might exploit other people to save their wealth. In the capitalistic system, some capitalists and rich people exploit workers and harm other people to save their wealth directly or indirectly. Many company owners employ workers low wages to create their profits and capital. We can frequently see labor movement in the capitalistic society. Labors claim that they have a lot of difficulties about low wage and bad workplace conditions. Until now many middle Asian and South America countries keep child labor under the desperately bad workplace conditions. These bad labor conditions prove how labor condition is bad in the capitalistic society. Also, many rich people harm other people to increase their wealth. The land speculation is the best representative example of rich people’s selfishness. Some greedy rich people build enormous houses and apartments through their money. Most countries which keep high population density have a limited land. In this situation, some greedy rich people buy a lot of houses and apartments to make money. Eventually these land speculations deprive common people’ having housing opportunities.

In conclusion, most people believe that money is good, and to make a lot of money is a virtue in the capitalistic society. However, wealth never guarantees our happiness. Sometimes, wealth causes many physical and mental health problems because of rich people’s laziness and anxiety. Also wealth can also bring out family conflicts because of rich people’s vanity and desire. Finally, the wealth can spoil rich people’s social relationship because of money’s dangerousness. If we want to use money well, we must always consider about money’s risks. Generally money looks good. However, money has a lot of dangers and risks at the back of it. When we use money, we should deeply impress this point upon our mind. If we use money well, it is become a good medicine, on the other hand, if we abuse money, it is become a bad poison.