David Lemuel E. Garcia                                                                                         2/26/2008

10564721      BS-IM

Business Ethics 6^th Edition

By: Richard T. De George

Chapter 6: Justice and Economic Systems

                        “Justice demands equality of opportunity; it does not demand equality of results.”                       

            - This is a conflict on Marx’s theory where the end justifies the means, why? Well, this states that justice does not depend on the result of an action that happened but on the actual action that happened before the outcome. We can say that two persons acquired the same value of money, the one acquired it by working hard and the other one got the money by stealing from the company. As we can see, the other one acquired the money in an unequal way compared to the other one which states that the other one who didn’t steal the money should be given justice over the other one.

Summary of the Chapter:

            It talked about the moral evaluation of economic systems and contemporary systems, the capitalist model, capitalism and the government, socialist model, the comparison of the two models, and justice and the economic system.

Chapter 7: American Capitalism: Moral or Immoral?

                        “For the system to be morally justifiable it must contain no inherently immoral components, and the system… must benefit the people as a whole as well as the individuals who carry on economical activities with it.”

            - A system can be called immoral if the majority of its benefits only go to the major stakeholders of the system (owners and high-officials) and does not even give the right amount of wages to their people and does not provide the right service that they need to offer. The system as a whole has a big role in distribution of benefits from every individual involved in the system.

Summary of the Chapter:

            It was about the Economic system of America, the relation of American government and the American economic system, Marx’s and non-Marx’s critique on American capitalism, the moral defense of the American free-enterprise system.

Chapter 8: Corporations and Morality

                        “Actions can be morally evaluated whether done by an individual or by an entity.”

            - Moral evaluation is not only applied to individuals, hearing the words like, “LaSalle is a good school”, means that the overall system does give a good service and education to its customers. But it also pin points to individuals that act together in order to make the system possibly existing and running at that pace. Being evaluated individually is a lot easier as it is being told directly to one individual but doing the evaluation to an entity is a different thing because a single person that’s being judged within the entity can hold a big part in affecting the evaluation about the whole system.

Summary of the Chapter:

            The corporations moral status was being tackled and the formal organizations as well. The concept of corporation in terms of its stake holders and share holders, the moral responsibilities that we need to understand and do within the corporation, morality and social audit, corporate codes, and the corporate culture and moral firms.