Aversion to capitalism

Jaana is always firing on all cylinders!

How to be Profitable and Moral: A Rational Egoist Approach to Business

After we covered the main moral codes–altruism, egoism, and cynical exploitation–in my MBA business ethics course, my students report that they are all egoists (I do tell them that egoism isn’t automatic but requires knowledge of what constitutes one’ self-interest). That isn’t surprising, given that egoism is a common sense morality: pursuing one’s self-interest without exploiting other people is what survival and flourishing requires. We haven’t discussed social systems yet, but one student said: “I like egoism, but why does it align with capitalism? I want social justice, so I am happy to pay taxes for public education and healthcare.”

What makes this student, and many other people, dislike capitalism even while claiming that they advocate the pursuit of self-interest? I think there are two primary reasons: 1) a lack of understanding of capitalism, and 2) a failure to integrate capitalism with the requirements of self-interest. Let’s discuss each in…

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About RightFromYaad

A view from "the Right", as a source of ideas to create a new vision of freedom and what it promises for Jamaicans, to counter the tyranny of the status quo of Jamaica's reality since 1962. Website: RightFromYaad.wordpress.com Email: rightfromyaad@gmail.com Twitter : @rightfromyaad Facebook: https://www.facebook.com/pages/Right-From-Yaad/244886608978438?ref=ts&fref=ts
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