In the article, Is Capitalism Ethical?, the author (Suciu) delves into the issue if capitalism is moral or immoral. In order to grasp the overall idea of ethics within capitalism the author has defined the terminology associated with the question and then poses a deeper look into history and their effects over society.
First author explains, ethics and morals have roots from the same origin. The Greek word "ethos" meaning virtue, habit, custom or character formed the word ethics. And from the Latin word "moralis" meaning virtue we gained the word morals. Morals the author claims is a set of forms of the social conscience, which regulate the cohabitation of people in society" (Suciu, 2009, p. 239). Moreover, ethics can be seen as the theory …show more content…
The study showed four different stages within the capitalism 's growth. In the first stage capitalism is perceived as an ethical system in which provided a social and political freedom. This stage allowed for advancements. The second stage in the development of capitalism was found to be amoral not really having a formed right and wrong. The third stage is considered to be "deeply immoral". The fourth and final stage is referred to be unethical. Suciu reports that there can be no difference determined between the third and the four stages that they are too closely related (Suciu, 2009, p. …show more content…
"Immoral" reflects the opposition to morals and "unethical" reflects in opposition to ethics. In these last stages, capitalism has shown an expansion in the growth for profits and elimination of democracy. Suciu claims capitalism and democracy are in opposition to one another. Capitalism pursues money and private interest while democracy respects public interest and society 's growth (Suciu, 2009, p.242). Capitalism has been shown to challenge democracy as they find techniques to avoid tax payments, putting the added burden onto societies growth. In the recent years capitalism has grown with dishonest practices and profits going into CEO 's pockets. Sucui "questions the ability of the capitalist society to put a hold on greed, dishonesty, corruption, abuse and aggressive rivalry between the participants..." (Sucui, 2009, p.242). Sucui states many different occasions how this greed and turmoil has upset the economic growth for all of
First author explains, ethics and morals have roots from the same origin. The Greek word "ethos" meaning virtue, habit, custom or character formed the word ethics. And from the Latin word "moralis" meaning virtue we gained the word morals. Morals the author claims is a set of forms of the social conscience, which regulate the cohabitation of people in society" (Suciu, 2009, p. 239). Moreover, ethics can be seen as the theory …show more content…
The study showed four different stages within the capitalism 's growth. In the first stage capitalism is perceived as an ethical system in which provided a social and political freedom. This stage allowed for advancements. The second stage in the development of capitalism was found to be amoral not really having a formed right and wrong. The third stage is considered to be "deeply immoral". The fourth and final stage is referred to be unethical. Suciu reports that there can be no difference determined between the third and the four stages that they are too closely related (Suciu, 2009, p. …show more content…
"Immoral" reflects the opposition to morals and "unethical" reflects in opposition to ethics. In these last stages, capitalism has shown an expansion in the growth for profits and elimination of democracy. Suciu claims capitalism and democracy are in opposition to one another. Capitalism pursues money and private interest while democracy respects public interest and society 's growth (Suciu, 2009, p.242). Capitalism has been shown to challenge democracy as they find techniques to avoid tax payments, putting the added burden onto societies growth. In the recent years capitalism has grown with dishonest practices and profits going into CEO 's pockets. Sucui "questions the ability of the capitalist society to put a hold on greed, dishonesty, corruption, abuse and aggressive rivalry between the participants..." (Sucui, 2009, p.242). Sucui states many different occasions how this greed and turmoil has upset the economic growth for all of