PHI 2397 Lecture Notes - Lecture 10: Child Labour, Child Slavery, Relativism
31 Oct 2016
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<PART 1 OF THE CLASS>
[Profit and Product Safety]
● They are both about money!
● In business world, people are worth dollar values
● Fatalities associated with crash (Ford Memo): intended for top management in 1970s
○ 50 million to let people burn. 137 million to fix the problem
○ Ford decided to let people burn even though they knew about the problem
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Video Clip: Fight Club Ethics
-x < cost of the recall ; we don’t do them
-Explaining the car malfunction and the related costs as x
-Telling this to someone sitting beside him in the plane. They ask him where he works
and he says ‘a major one’
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Video Clip: Ford Pinto Commercial
-horse running across the field carefree-ly
-shows horse by the car; Ford Pinto commercial (1971)
-very new thing for american cars. Economy import as a selling point as there were an
increase of japanese import cars in 1970s.
-Ford Pinto was a success (cheap, good for gas) but wasn’t as safe
-Ford Pinto exploding!!! D: gas tank rupture
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Video Clip: The Value of Human Life Debate [http://bit.ly/1S7HG1k]
-a guy talking about Ford Pinto (and how the whole accident was caused because the
company was too cheap to install 13 dollar block
-Milton Friedman “Business has nothing to do with ethics” justifies Ford Pinto being a
deathtrap and not recalling products
-Ford did not have obligation to share the information with the consumers; only with the
government. Decided not to recall any products
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● What are you willing to pay for your safety? 0.0001%
○ even crossing street is a life decision; you are putting your life out on the line!
○ Safer intersections? Casino?
○ If your injury falls within that odds, you just happen to be really unlucky
○ What is my life worth?
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Video Clip: Third Man- Ferris Wheels (1984)
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Fatalities associated with crash (ford memo): intended for top management in 1970s. In business world, people are worth dollar values. Ford decided to let people burn even though they knew about the problem. Shows horse by the car; ford pinto commercial (1971) Economy import as a selling point as there were an. X < cost of the recall ; we don"t do them. Explaining the car malfunction and the related costs as x. Telling this to someone sitting beside him in the plane. Video clip: fight club ethics and he says a major one". Video clip: ford pinto commercial increase of japanese import cars in 1970s. Video clip: the value of human life debate [http://bit. ly/1s7hg1k] company was too cheap to install 13 dollar block deathtrap and not recalling products government. Ford pinto was a success (cheap, good for gas) but wasn"t as safe. Ford did not have obligation to share the information with the consumers; only with the.
