Flawed Business Ethics in a Modern World

             Corporate business ethics has sparked one of the most controversial, concerning, and notorious issues in our world today. Business ethics refers to how people and institutions behave in the world of commerce, including factors such as exploiting its workforce, negligence for the environment, and their lust for money. Large transnational businesses claim that the way they approach business is fair, and promotes development for the desperate parts of the world. However, a closer look into the business ethics reveals that most corporations, through placing the value of profiting above human wellbeing, are destructive to the business infrastructures of a country affecting the locals, the environment and causing social disparity.
             When manufacturing plants or sweatshops are opened in a developing country, the national employments standards drop dramatically, the wages are lowered, and the working conditions are significantly degraded. On the surface, a large portion of this issue remains black and white: large, greedy corporations should be more careful and concerning for the wellbeing of others, while the victims to exploitation should have their conditions justified. The behavior of corporations is definitely unjust through the detrimental effects it causes in several communities, the need for people to bring justice, and its need to learn from religious
             teachings. The global increase of corporate avarice has exposed several cases of corporate crime among our society, as result of that; several
             detrimental effects ensue in the developing world. Throughout history, early cases of lawsuit against corporate behaviour forced corporations to develop justifications that would protect them. The most successful justification led to the formation of a bill passed by the United States Supreme Court. The notion was to recognize corporations as legal persons. This title gave corporation all sorts of freedoms: freedom of speech, freedom of assem...

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Flawed Business Ethics in a Modern World. (1969, December 31). In MegaEssays.com. Retrieved 05:52, April 20, 2024, from https://www.megaessays.com/viewpaper/204378.html