Greed is not

Good!
Show me the money.

Capitalis
Capitalis
m
m
Communis
Communis
m
m

Democra
Democra
cy
cy

Forms
Of
Governa
nce
Plutono
Plutono
my
my

Socialism
Socialism
Dictators
Dictators
hip
hip

What is Capitalism?
An economic and political system in
which a country's trade and industry are
controlled by private owners for profit,
rather than by the state.
A system of taking & giving.mostly
taking
Americas wealthiest have a combined
net worth of $2.02 trillion, the highest
ever recorded by Forbes (2013)

What is Democracy?
Democracy, ordemocratic government,
is a system of governmentin which all
the people of astate and polity are
involved in making decisions about its
affairs
Typically done by voting to elect
representatives to a parliament or
similar assembly
Example : India

What is Socialism?
Socialism advocates government ownership of all
means of production
Only the government can control the distribution of
the products to the consumers and the distribution of
wealth to the citizens.
Socialists believe that wealth should not be
concentrated in the possession of a few members of a
society
They view it as the duty of the wealthy to support the
non-wealthy.

What is Communism?
In political and social sciences,communism
is a social, political, and economic ideology
and movement whose ultimate goal is the
establishment of the communistsociety,
which is a socioeconomic order structured
upon the common ownership of the means
of production and the absence of social
classes, money and state.
Communismcomes from Latin communis
common, universal

What is Plutonomy?
In Plutonomy the economic growth is
powered by and largely consumed by
the wealthy few.

This system focuses on the growth of

the rich and powerful rather than the
state as a whole.

What is Dictatorship?
Dictatorshipis a form of government
where a country is ruled by one person
or political entity, and exercised
through various mechanisms to ensure
the entity's power remains strong.

Profit & Social

Responsibility
There is one and only one social
responsibility of business - to use its
resources and engage in activities designed
to increase its profits SO LONG as it stays
within the rules of the game.
- Milton Friedman
More importantly, it commits Friedman to the
principle that there can be restraints on the
capitalist system that are not self-imposed but
rather imposed by the society that employs this
system for its own purposes.

Role of Justice in Business

Ethics
Kinds

Meaning

Examples

DISTRIBUTIVE

Focuses on
balancing of
benefits & costs

Social security,
public education &
health care

RETRIBUTIVE

Focuses on deciding
punishment in light
of offense

Jail time for assault

COMPENSATORY

Focuses on
restitution for
suffering a harm

Car accident caused

by defective tires

Rawls Justice Theory

Rawls Justice Theory

THE PRINCIPLE OF LIBERTY
Each person should have an equal right to the most extensive
system of liberties compatible with a similar system of liberty
for all.
UNIVERSALIZE HUMAN RIGHTS

THE PRINCIPLE OF EQUALITY OF FAIR OPPORTUNITY

People with similar abilities & skills should have equal access to
offices and positions under conditions of equality of fair
opportunity.
PROVIDE EQUAL OPPORTUNITY

THE DIFFERENCE PRINCIPLE

Social & economic institutions should be arranged to maximally
benefit those who are worst off.
FAVOUR THE LEAST ADVANTAGED.

The Film
Bud Fox is a Wall Street
stockbroker in early 1980's New
York with a strong desire to get to
the top. Working for his firm
during the day, he spends his
spare time working an on angle
with the high-powered, extremely
successful (but ruthless and
greedy) broker Gordon Gekko. Fox
finally meets with Gekko, who
takes the youth under his wing
and explains his philosophy that
"Greed is Good". Taking the advice
and working closely with Gekko,
Fox soon finds himself swept into
a world of "yuppies", shady
business deals, the "good life",
fast money, and fast women;
something which is at odds with

Greed is Good?
All of us have desires.
Desire may drive us to forsake both integrity & family.
Hubris (excessive pride or self-confidence) overtakes
our ethics.
Its a house of cards that eventually comes tumbling
down.
Its a story with a strong ethical base. Yes, you can
throw your ethics to the wind and lie, cheat, and steal.
And yes, the fruits of success and fame are hard to
resist. But the joys are short-lived if it all unravels and
the lines you crossed cant be erased.

But its not too late to turn things around, to

do the right thing, and to take responsibility.

 THANK YOU!