He didn’t think he needed to ask Express the moral problem so that everyone will believe that his or her moral concerns have been recognized and included. * This is a moral problem because his actions of using company funds for personal use wasn’t economically efficient productive system, it didn’t produce more of the products that people most want an less use of the resources people least value, which is a definite value to society. In addition to this, his actions wasn’t informed to everyone. * Effective use of resources, What are the economic benefits? * What are the legal requirements?
Suppose that Cornelius believes that Elliot is not a good hire for Pharma. Can he fire Elliot? Although Adams may have had the legal right to hire Elliot without the consent of the others, it was a morally wrong decision not to seek the consent of the other shareholding partners. As a privately held corporation which is small in size, the promotion of business efficiency is an objective best served by enabling the owners to arrange the organization of the enterprise as they choose unless such decisions are outside the scope of the partnership business which would make it impossible to
Rights theory, not astonishingly, thinks about with the means of rights, as well as basic human rights and property rights. One argument in rights theory is that property rights mustn't override human rights. From a CSR perspective, this may mean that whereas shareholders of a company have bound property rights, this doesn't provide them license to override the fundamental human rights of staff, area people members, and alternative stakeholders. O Deontological theory. Deontological theory deals with the idea that everybody, as well as company managers, incorporates an ethical duty to treat everybody else with respect, as well as listening and considering their wants.
Like mentioned above, the literati were a group of scholars who truly believed man was good-natured and if left to their own wills would prove to be trustworthy and generous on their own. The literati represented the voices of merchants and farmers whose interests had been infringed on by the state’s monopolies (You, 2010). As such, the literati debated on why the market was not equitable and why the government should not be involved in such affairs. On the other hand, you had the Legalists who believed the people were evil and so put into place harsh laws to control them. They also wanted to keep the policies to fund the armies and keep the treasuries full, even if it meant the people would go into poverty.
According to Marx, a capitalist society will eventually be replaced by communism, a classless society. In a communist society there is no private property and everyone is equal. The guiding principle that everyone will live by is "from each according to his ability, to each according to his needs." This form of government may sound fair, but when it is put into use it does not work as well as it appears. Most of the problems with communism arise from the second part of the guiding principle, "to each according to his needs."
A communitarian view on society states that each individual is responsible for his status inside a given community; that such a community is equally responsible for the status of its individuals. It states that any law or practice should be based on a purely democratic and not a simple majoritarian perspective. Polities should be determined to foster participation and deliberation, not to dictate policies but rather mandate a collective perspective. Indeed all this must be done, and more, in an effort to regulate a healthy society in which all individuals are equal in the community and that contribute equally back to the community. However, how can a society be democratic without being majoritarian?
In this paper I will critically evaluate the social contract theories of Hobbes, Locke and Rousseau and attempt to explain why we will always obey the social contract and why it is important that we continue to do so. SOCIAL CONTRACT THEORY Social contract theory is a branch of political philosophy which examines the foundations on which the legitimacy of political authority is built (Lessnoff 1990). The fundamental premise of social contract relied upon by Hobbes, Locke and Rousseau is that political authority, political legitimacy and political obligations are derived from the consent of those who create a government (the people), and those who operate it through some form of quasi-consent (majoritarianism) (Riley 1982). It requires a mutual transferring of right in which people relinquish their freedom by allowing others to make choices that will benefit society in general. This notion can be found in the literature of the theorists.
The economic system is thought by some to be value –free. They may not be immoral, but they are amoral that is not concerned with morals. Moralizing is out of place in business. Indeed, even good acts are to be praised not in moral terms but only in the cost/benefit language of “good business”. The myth of amoral business has a corollary that makes ethical paralysis almost inevitable.
Charles Bietz challenged this belief in his work”Political Theory and International Relations” by arguing that there exists an international society even in the absence of a comprehensive political constitution to regulate it (Young 162). Bietz goes on to argue that ongoing economic processes, investment and trade connect people in all regions of the world and these relationships are often unequal in power and resources. Onora O’Neill argues differently but to a similar conclusion that the scope of an agent’s moral obligation extends to all those whom the agent assumes in conducting their activity. We have made practical moral commitments to them by virtue of our actions (Young 163). Iris Young’s essay on Global Justice she interprets both Bietz and O’Neill and expands on their views.
There is no reason that exceeds the weight of the society’s obligation to obey the law. Therefore, we all have a moral obligation to abide by set laws. If the society allows the moral duty to follow legal rules to be overridden by other factors, there would be increased cases of disregard of the general law. Each and every law established by a given society has a valid justification. As a result, every law has a moral basis upon which people should reflect on.