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by speedplane
2313 days ago
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> skirting the law and abusing the commons gives one a competitive advantage. But that doesn't make it OK. The market isn't the arbiter of ethics. Sadly, this is a bit naive, market have become the arbiters of ethics, namely: if it successful, it's good. This isn't a traditional moral code from, e.g., Kant, Bentham, or Locke. Rather, it's an ethics based on capitalism. Sure, wonky economics professors justify capitalism by saying it's the most efficient or provides the most utility, arguably grounded in traditional Bentham morality. But capitalism has never simply been an economic policy, there has always been an ideological component to it (see for example, Ayn Rand). Maximizing returns on investment isn't just "efficient", it's "right". |
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