Please respond to both questions
dartho- Discuss when greed and selfishness in businesses go too far and become a hazard to society.
- Stepping back into your shoes again, contrast your system of values and ethics concerning greed and self-interest with the system of values of Smith or Marx.
- Discuss if the ethical perspective of a particular group to which you currently belong, or previously belonged resembles the perspective of Adam Smith or Karl Marx?
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I would have to side with Marx. I think that Marx would argue that we as humans are very selfish when it comes to being intrinsic to capitalism. The natural right to private property works the same way: It allows us to accumulate wealth for our own selfish needs, "without regard to other men, independently of society" (Marx, 1843). I think the presence of extreme and over bearing wealth, have taken an extreme and shocking turn. It shows now that our society’s poverty represents how capitalism has already gone too far. It would seem that Marx has made his case, and that capitalism is a "runaway train" in today’s society. As for Marx, it would look like capitalism requires ownership, and the means of production should be public and not private. Privatization has taken a "no limit" approach to the wealthy side of things. This is because the very wealthy have consolidated their power over the very poor. It seems that without any limitations or regulations the rich get richer and the poor get poorer. Marx would argue that this is inherently undemocratic, as there are more poor than rich. According to financial samurai website, the top 1% of the population makes $380,354 a year. I had worked for a IT company before the job I have now working 120 hours a week, and I did not even make 30,000 a yr.
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