In the article, Is Capitalism Ethical?, the author (Suciu) delves into the issue if capitalism is moral or immoral. In order to grasp the overall idea of ethics within capitalism the author has defined the terminology associated with the question and then poses a deeper look into history and their effects over society.
First author explains, ethics and morals have roots from the same origin. The Greek word "ethos" meaning virtue, habit, custom or character formed the word ethics. And from the Latin word "moralis" meaning virtue we gained the word morals. Morals the author claims is a set of forms of the social conscience, which regulate the cohabitation of people in society" (Suciu, 2009, p. 239). Moreover, ethics can be seen as the theory of morals and is applied to many different applications like law, medicine and business. This terminology leads us to the other vocabulary of a moral and immoral. Amoral meaning non-ethical and immoral meaning un-ethical, both reflect right and/or wrong. Amoral defined is one whom has no sense to comprehending right from wrong. Whereas immoral is a definitive act of doing something wrong when one comprehends it is wrong then proceeds to do it anyway. Second, Suciu reflects on a study titled How capitalism lost its sole from the protestant ethic 's to the 'barons ' of theft. …show more content…
The study showed four different stages within the capitalism 's growth. In the first stage capitalism is perceived as an ethical system in which provided a social and political freedom. This stage allowed for advancements. The second stage in the development of capitalism was found to be amoral not really having a formed right and wrong. The third stage is considered to be "deeply immoral". The fourth and final stage is referred to be unethical. Suciu reports that there can be no difference determined between the third and the four stages that they are too closely related (Suciu, 2009, p. 239). In the first stage of capitalism it was reported to be of moral value within this time. Religion played an important role in producing moral values within the capitalistic society keeping societies growth together. The second stage began with industrialization and is considered by the study is an amoral and unethical time period. Government in this second stage played the ever-increasing role in structuring laws and providing social assistance, which aided in the negative effects of capitalism during this era. New laws and regulations sustained the growing society and created opposition to the growth of …show more content…
"Immoral" reflects the opposition to morals and "unethical" reflects in opposition to ethics. In these last stages, capitalism has shown an expansion in the growth for profits and elimination of democracy. Suciu claims capitalism and democracy are in opposition to one another. Capitalism pursues money and private interest while democracy respects public interest and society 's growth (Suciu, 2009, p.242). Capitalism has been shown to challenge democracy as they find techniques to avoid tax payments, putting the added burden onto societies growth. In the recent years capitalism has grown with dishonest practices and profits going into CEO 's pockets. Sucui "questions the ability of the capitalist society to put a hold on greed, dishonesty, corruption, abuse and aggressive rivalry between the participants..." (Sucui, 2009, p.242). Sucui states many different occasions how this greed and turmoil has upset the economic growth for all of
First author explains, ethics and morals have roots from the same origin. The Greek word "ethos" meaning virtue, habit, custom or character formed the word ethics. And from the Latin word "moralis" meaning virtue we gained the word morals. Morals the author claims is a set of forms of the social conscience, which regulate the cohabitation of people in society" (Suciu, 2009, p. 239). Moreover, ethics can be seen as the theory of morals and is applied to many different applications like law, medicine and business. This terminology leads us to the other vocabulary of a moral and immoral. Amoral meaning non-ethical and immoral meaning un-ethical, both reflect right and/or wrong. Amoral defined is one whom has no sense to comprehending right from wrong. Whereas immoral is a definitive act of doing something wrong when one comprehends it is wrong then proceeds to do it anyway. Second, Suciu reflects on a study titled How capitalism lost its sole from the protestant ethic 's to the 'barons ' of theft. …show more content…
The study showed four different stages within the capitalism 's growth. In the first stage capitalism is perceived as an ethical system in which provided a social and political freedom. This stage allowed for advancements. The second stage in the development of capitalism was found to be amoral not really having a formed right and wrong. The third stage is considered to be "deeply immoral". The fourth and final stage is referred to be unethical. Suciu reports that there can be no difference determined between the third and the four stages that they are too closely related (Suciu, 2009, p. 239). In the first stage of capitalism it was reported to be of moral value within this time. Religion played an important role in producing moral values within the capitalistic society keeping societies growth together. The second stage began with industrialization and is considered by the study is an amoral and unethical time period. Government in this second stage played the ever-increasing role in structuring laws and providing social assistance, which aided in the negative effects of capitalism during this era. New laws and regulations sustained the growing society and created opposition to the growth of …show more content…
"Immoral" reflects the opposition to morals and "unethical" reflects in opposition to ethics. In these last stages, capitalism has shown an expansion in the growth for profits and elimination of democracy. Suciu claims capitalism and democracy are in opposition to one another. Capitalism pursues money and private interest while democracy respects public interest and society 's growth (Suciu, 2009, p.242). Capitalism has been shown to challenge democracy as they find techniques to avoid tax payments, putting the added burden onto societies growth. In the recent years capitalism has grown with dishonest practices and profits going into CEO 's pockets. Sucui "questions the ability of the capitalist society to put a hold on greed, dishonesty, corruption, abuse and aggressive rivalry between the participants..." (Sucui, 2009, p.242). Sucui states many different occasions how this greed and turmoil has upset the economic growth for all of