Moral Criticisms of the Market - Essay Example

Prof Liberalism and globalization of world ‘s economy opened iron curtains, removed protectionisms and allowed the entry of products in all markets amongst member nations who have extolled free trade as an economic philosophy. This system permeates strong competition among merchants and traders in a struggle to gain leverage and to earmark more profits. It’s in this precept that Ken S. Ewert, an editor of Christian worldview magazine, criticized capitalism as subservient mainly to the interests of the oligarchs or the investors’s interests.

As the social strata of rich and poor widened within the free-market economics, Ewert is of the purview that such selfish interests and greed is root of sinfulness but however on the contrary argued that the free economy provide a system where wealth is shared through charitable means. Most corporations expressed this through creation of foundations or through the exercise of corporate social responsibility. Business, if led with administrators or managers with benevolence to sustainability not solely for one’s company but also for the welfare of employees, would be able to manage and balance desire for profit also for the good of others and for the community where business is undertaken.

But while Ewert argued that this innate selfish precept of human being is inherent to his “fallen nature”, it cannot be however assailed that selfishness cannot be induced from the environment. Human greed nowadays has already developed into structural forms. Whenever government is corrupt and have misuse the revenue exacted from peoples and from business establishments, the rest of the society are encouraged to adapt to a system that promotes greed and selfish interests. In most nations where corruption is rampant and were done with impunity, its followers also debase its moral standard to fit in with what is expedient and best at a moment.

For while it is correct that human being have choices to do good or to do evil; and while moral obligations dictates that we should choose to adopt what moral to maintain a fair society, this however can be sidelined not by nature but by human choice, when surrounding circumstances pushed us to sideline ethical standards. All persons however can opt to be remorseful of selfish motives and can choose to correct their actions. Sources: Ken S. Ewert (1989).Moral Criticisms of the Market. The Advocates for Self-Government Website, http://www.

theadvocates.org/freeman/8903ewer.html (accessed July 24, 2011). First published in The Freeman, March 1989. Ken S. Ewert (2011) Morality and the Market. First Baptist Church of Perryville, Perryville, MD. http://www.perryville.org/?=1026a. Accessed: July 24, 2011