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How do moral obligations apply to business organizations? Can companies be held accountable for what they do, or are the individuals who make up the company the ones we must hold accountable? Discuss the major arguments concerning corporate responsibility? a. Group decision vs. individual decision -- is it a group decision or individual decision made as a group? b. If an individual acts alone but as a part of a group, the individual and each involved are morally responsible individually c. The more severe the act, the more responsibility is placed on the individual to not act as a group, even with peer pressures d. Subordinates can just be following orders, and it is the supervisor's fault, but it comes down to the severity of the incident 2. What are Marx's four forms of alienation? How does each form help to increase inequalities in wealth and power? Do you think these concepts apply to the capitalism practiced in 21st century America? a. Four forms of alienation: i. Of the worker from the work he produces 1. A worker's work is turned into investment capital, as opposed to the product he works 2. Worker's wages are as low as possible to keep them ii. Of the worker from working 1. Worker's skills are commoditized into an exchange value 2. Workers don't receive the full value of their product, they instead receive

Consumers could use a product wrong and producers have to eat the cost b. Work does not bring a social relationship between workers. These concepts apply to 21st century America -. Ex/ McDonalds coffee cups ii.the lowest wage possible to retain their services iii.too much is given up i. Developing as a human being 2.capitalism is successful because it is ruthlessly efficient. Current climate does place too much responsibility on the business i. Work does not allow people to grow as a person iv. Does the current climate place too much responsibility on businesses and too little on consumers? What do you think constitutes a fair division of responsibility between producers and consumers? a. Not economically efficient to have a 100% success rate -. From his essence as a species -promoting mutual survival 3. Law of diminishing returns ii. Pits worker against worker in competition b. Diminishing returns applies to spending . capitalism is ruthlessly efficient 2. Of the worker from himself 1. we've witnessed a shift from caveat emptor to due care and finally to strict products liability (the legal doctrine based on the social costs view). with little regard for the human element 3. With regard to business's responsibilities to consumers. Of the worker from other workers 1.

If the product itself is defective.should the consumer have their own choice whether to pay for additional risk reduction? d.on Q&A -. Too little responsibility is placed on consumers -i. Due care is paternalism -. then the manufacturer should be liable ii. Hayek . Why should a consumer having a perfect product have to pay more for a defective one? ii. If the customer is negligent in its use (suing for chopping his own arm off with a chainsaw). they bear the extra cost of being sued even if they took all possible steps to make sure the product is safe. Social costs of compensation -.it would take too many resources in a finite amount of time to find every last single tiny defect c. Since the end of 2008 we've seen the government pledge billions of dollars to rescue financial and business institutions.free market . while others have argued this intervention is necessary to maintain the stability of our society. Social costs of a defect will be internalized i. Some commentators have suggested that this is not the proper role of government. Ex/ Americans suing everyone ii. With which side (Hayek/Keynes) do you agree? What moral principles would you appeal to in support of your answer? a. then he should be fully responsible 4.if the manufacturer is liable for everything. i. Ex/ high costs on insurance companies that compensate consumers for mishaps e.

in terms of making up for past discrimination suffered by certain groups." Do you agree? How should compensatory justice. Offices and positions must be open to all under fair equality of opportunity . Libertarian iv. Keynes . the use of racial group preferences such as quotas or point systems. They are to be the greatest advantage to the least privileged members of society ii. be weighed against the principle of equality in the job market and in accepting applicants for college? Discuss your answers in the context of Rawls' two principles of justice.i. undermines the notion of equality "where race is irrelevant to personal opportunity and achievement. Appeals to rule utilitarianism -. Positive rights iii. Bollinger the Supreme Court stated that while diversity may be a worthwhile goal. a. Negative rights iii. economic equality b.government intervention i. Second: Social and economic inequalities are such that: i.fairness 5. Freedom of choice ii. Rawls . In its 2003 ruling in Gratz v. b. Capitalist justice.rules give the greatest overall societal gain (rules = government intervention) ii. First: each person is to have an equal right to the most extensive basic liberty compatible with a similar liberty for others.