[lbo-talk] re: biz ethics and slavery

andie nachgeborenen andie_nachgeborenen at yahoo.com
Thu Aug 12 22:20:20 PDT 2004


Actually, this is cheap cynicism that shows a mistaken grap of the nature of markets and business activities. Business runs mainly on trust and requires an fairly robust ethical standard. If it's all a cheat and and sham, then any market system would collapse in very short order. The law and threat of legal sanction, civil and criminal, is incapable of keeping people in line if they are not generally pretty decent to start with. You know this, too. You act on it even if you don't officially believe it. Essentially every transaction you make in the market depends mainly on your trusting in the ethics of businesspeople. At the same time, competitive pressures and inequalityinly continually undermine the ethical support that market systems generally and capitalism in particular require to survive. Adam Smith was highly ware of this. It is wht he wrote both The Wealth of Nations and The Theory of The Moral Sentiments..

From: Chuck Grimes

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No problem.

The answer is there are no business ethics.

There is no limit to, that is to say, there is no greatest lower bound on the indefinite interval of malfeasance, fraud, and corruption by and for the conduct of business except those imposed in the completely tangential formalism of the cost-benefit calculation of litigating them.

What the fuck else is there to understand?

Doktor Chuck

^^^^^^^

CB: There is the One Commandment: "Thou shall make money".

*******************************************************

And the way you do that is by hiring wage-slaves and paying them less than the value of the commodities (goods and services) they collective end up producing.

"Thou shalt not steal." ????

Best, Mike B)

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===== Make things as simple as possible, but not simpler.

Albert Einstein

http://profiles.yahoo.com/swillsqueal

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