Thursday, May 15, 2008

Business Ethics

Business Ethics: It seems to me that there is a contradiction in the term "business ethics." On one hand, "business" implies a certain degree of self-interest while on the other hand, "ethics" calls for a universal recognition of proper behavioral practices. Therefore, business ethics is fundamentally about finding an appropriate balance between the self-interests of business and the universal interests of ethics. Yet how does one come to find this balance? Well, for one thing, locating this delicate balance must come from within the individual. That is, a person in pursuit of business ethics must possess faith in the virtue of justice. Having even a limited understanding of the role that justice plays in the business world will put a man leaps and bounds ahead of his so-called "uninformed" colleagues. In Confessions of an Economic Hit Man (2004), the concept of business ethics has become distorted by the postmodern drive for commercialism in the world's industrialized nations (G8). Perkins highlights the issue of giving monetary aid to the Third World in the form of categorical grants and strings-attached loans. To burden the Third World with debt is to control their resources, and thus, control their people.

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