Do you think capitalism is compatible with a sense of ethics, or is another system better suited for it?

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One of our professors in a Brand Management class told us, when running a business you don't think whether or not to sacrifice an ethical concern, but which one to sacrifice when.

From my own experience, ethical awareness/wokeness by companies is just a marketing gimmick.

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I think that for decades, capitalism encouraged a system of corporate governance that was singularly based on shareholders...do whatever is good for shareholders, nothing else matters. That philosophy has led to very short term thinking...whatever drives up the stock price today, or drives up a quarterly revenue number, is what matters. I think that's wrong...and that capitalism is evolving toward a much more nuanced, multiple stakeholder approach that will encourage longer term thinking...and more ethical decisions. So I don't think there's necessarily a better system suited for ethics, but I do think capitalism needs to continue to evolve and encourage/reward more ethical corporate behavior.

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Additional Posts in Ethics In Business

As someone who is virtually our only compliance person at a mid-size company, I often get questions for legal advice. I am not an attorney and cannot give legal advice (my disclaimer), but I do look at the situation from a compliance/policy/process lens and urge to consult legal always. I feel as though it discredits me and my advice because I’m not an attorney. How can I better differentiate compliance from legal and still provide valuable advice?

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Seriously tho - can companies have ethics?

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Lots of great discussion this afternoon...there are few objectively "right" answers in this area, and I'm impressed that everyone on the forum engages in vigorous but respectful debate.

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American's hyper-individual culture causes a lot of professionals to lie, steal, and cheat to be the best at their craft.

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Whew. It's been a busy morning, I've had a lot of fun responding to some fascinating questions around business and ethics for the last couple hours.

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I'm genuinely sorry to hear abt the layoffs at AirBnB and my heart goes out to your coworkers who are affected. How can a company approach restructuring in a way that is ethical?

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