PHIL 322 Lecture Notes - Lecture 12: Making Money
30 Aug 2018
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Document Summary
Solomon claims business is only about making money and lacks any other ethics. Avarice as an inherent part of the capitalist system. The drive for increased profitability remains a key corporate objective. Observations suggest that the objectives of the financial markets are a considerable constraining influence on corporations. Practice-institution schema shows corporations have an inherent focus on external goods. Inherent tension between the practice and institution. Business organisation that have emerged over time the focus on the external goods of the corporation, and the power relationships that dominate over the cooperative relationships. Why an inherent tendency to avarice in business organizations is potentially problematic is because of its impact on the human character of those who work in them. Second issue is virtues of community are nor nourished with capitalism. So valuing is something we do, while virtues are something we have. Without some partly determinate conception of the final telos there could not be any beginning to a quest.
