Monday, March 16, 2015

Business Ethics and Moral Market Conduct

Richard Ebeling emails:

Dear Bob,

I have a new article on the news and commentary website, “EpicTimes,” on, “Business Ethics and Moral Market Conduct.”

Surveys suggest that both political institutions and business establishments are held in low esteem by the public. While the power lusting and corruption of politics make this understandable, the low estimation of business and businessmen is another matter.

In a free market there are few more worthy ways of earning a living than as the business enterpriser, who earns his profits and tries to avoid losses by serving the wants of consumers through making new, better and less expensive goods in an arena of peaceful mutual agreement and voluntary association.

What makes many in the wider society suspicious of too many business enterprises is that fact of how often in our modern society, businessmen turn to the government for favors, privileges and special interest benefits at the expense of consumers, taxpayers and other competitors not possessing their political “pull.”

All businessmen should learn to see the benefit to themselves as well as to other others in society if they were to forswear any use of political means to attain their revenue-pursuing ends.

A morality of a respect for individual rights, private property, and voluntary exchange must be the hallmark of a real “business ethics.”

Why? Because once you are “in bed” with those possessing political power and ideological motives in the direction of more state control, then the favors and privileges you gain today may be taken away tomorrow once the government has a power grip over all that happens in the market arena of trade, commerce and industry.



No comments:

Post a Comment