Economy: "From a Financial Market to a Global Market: The New Meaning

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Economy: "From a financial market to a global market- the new meaning and the effects of volatility"

"Deere & Co., one of the world's largest farm equipment makers, reported a quarterly profit on Tuesday, compared with a year ago loss, as it pared costs and inventories to weather an industry slump."
(YaHooNews/Business,11-Feb-03, "Deere Posts a Profit as It Cuts Costs".)
This is a good example of a strong United States business. It is able to cut costs when necessary in order to gain a profit in hard times.
In the United States financial market there is a relatively stable amount of income each year. Even when our country is in a time of crisis, such as now with the impending war with Iraq and the Taliban, it can be
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Volatility then breads the cycle of instability that leads people to act unethically. A major dilemma that is discussed in business is the problem of ethics versus self- interest. Can one really expect someone to do something that is not in his or her best interest just because it is the right thing to do? This is what I will be discussing throughout this paper because it is a direct and major effect of volatility.

When talking about ethics throughout this paper, I am discussing it in the same sense as Peter Singer in his book "Practical Ethics". I find that this definition is the most fundamental and universal. In his book,
Singer makes four statements about what ethics are not: 1) ethics is not a set of prohibitions particularly concerned with sex. 2) ethics is not an ideal system that is of no relevance to practice. 3) ethics is not intelligible only in the context of religion, and 4) ethics is not relative or subjective. This view of ethics supports the ultimate point of capitalistic views, and reflects basic principles that must be followed if we are to live together in a society. Often there are not tangible rewards for being ethical. Too often ethical behavior is argued for on the subtle grounds of self-interest when truly ethical people are not motivated by such rewards.

In theory capitalism brings about ethical behavior because of the
"invisible hand" that Adam Smith

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