Question

Theories that exist in the area of corporate financial reporting can be categorized into Leftists and Rightists. Explain the arguments of the proponents of each, which of these theories is most suitable for developing nations.

Answer 1

Answer--Theories that exist in the area of corporate financial reporting can be categorized into lefties and righties like- A. Leftists care more about equality, rightists care more about efficiency.
B. Leftists care more about the poor, rightists care more about the rich.
C. Leftists are more secular, rightists are more religious. All these theories overintellectualize Left and Right. Neither ideology is a deduction from first principles.Not even close. What binds Leftists with fellow Leftists, Rightists with fellow Rightists, is not logic.

Alternative for these theries are- 1. Leftists are anti-market.On an emotional level, they’re critical of market outcomes.No matter how good market outcomes are, they can’t bear to say,“Markets have done a great job,who could ask for more?” 2. Rightists are anti-leftist.On an emotional level,they’re critical of leftists,No matter how much they agree with leftists on an issue, they can’t bear to say, “The left is totally right, it would be churlish to criticize them.” Yes,this story is uncharitable and simplistic.But clarifying.Communists and moderate Democrats are vastly different, but they have something in common: Free markets get on their nerves.Nazis and moderate Republicans are vastly different, but they too have something in common:Leftists get on their nerves.Within each side,the difference between moderates and extremists is the intensity of their antipathy, not the object of their antipathy. Lefties theory is most suitable in case of developing nation because they encourages business and business activities,lefties beleive in secularism which also leads in the developments of ineqality among the citizen of a country.  

but psycho-logic. Feelings, not theories.

What’s my alternative? This: