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BUSINESS ETHICS

DIFFERENCES IN VIEWS OF
MARX, WEBER AND DELEUZE
CAPITALISM
 DifferentDefinitions of Capitalism exist
 Essentially, it is comprised of
An Economic System
Private Ownership
Free Market
Low Government Control
Protection of Individual Rights
Unlimited Profits and Operational Boundaries
CAPITALISM
 Eventual Goal of Capitalism is

“Social Harmony through the pursuit of Self-


Interest, raising the standard of living,
increasing economic opportunities and
making available an ever-growing supply
of products and services”
KARL MARX
 German Philosopher
 Believed in the idea of
Communism
 His Pamphlet
“Manifesto of the
Communist Party”
 Wrote 3 of 8 volumes of
Das Kapital
 Founder of Marxism
MARX ON CAPITALISM
 Hebelieved that capitalism leads to
accumulation of wealth, resulting in the
formation of two groups:
Owners (bourgeoisie)
Workers (proletarians)

 These two classes eventually conflict


 A revolution will destroy Capitalism
 Capitalism will be replaced by Communism
MARX ON CAPITALISM
 He said Labor is the only source of profit
for an organization
 Machines without labor are useless
 Human input is absolutely necessary
 Focus should be made on securing the
rights of the Labor
 He believes that Feudalism lead to the
Capitalist mode of production
MARX ON CAPITAILISM
 In the long run, the capitalist class will get
empowered whereas the proletarian class
will become weaker.
 A communist revolution will take place
which will bring about a change in the
capitalist ruling ways.
MAX WEBBER
 German Political Economist of
the 19th Century
 Influenced “Social Theory”
 His famous book “The Nature
of Social Action” and Essay
“The Protestant Ethic and The
Spirit of Capitalism
WEBBER ON CAPITALISM
 His concept of “Protestant work ethic”
Hard work led to commercial success
It was a sin to spend money on oneself
The way out was investment, leading to more
success
 Commercial Success and Personal
Simplicity seen as a Demonstration of
Piety
 Modern Capitalism grew from
Protestantism
WEBBER ON CAPITALISM
 Webber described the spirit of Capitalism
as the ideas and habits the support the
rational pursuit of economic gain
 Three-component theory of stratification of
society:
 Social Class
 Status
 Party
Gilles Deleuze
 French Philosopher of
the 20th Century

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