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Ethics of Money - Coggle Diagram
Ethics of Money
What is money?
Anything people are willing to use in order to represent systematically the value of things (for exchanging of goods & services)
Prior: Barter Trade
- eg: Trading 2 chickens for 1 pair of shoes
- Facilitates easier exchange of one thing for another
- Stores wealth conveniently
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Down Side of Money
Social Effects
- Were less helpful when others asked for assistance
- Were more reluctant to ask for assistance themselves
- Donated less to charity
- Maintained greater social distance when meeting someone new
- Chose more often to work alone than with a peer
Acting Unethically
- Lied more often to other subjects in deception game (if they could profit by lying)
- Lied more often to gain monetary rewards
- More likely to say that they would hire a candidate who promised to bring over confidential information from ex-company if hired
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Qn: If primary school admission was based on 1 st come 1 st served basis, and people started
paying their maids, part timers to help them line up, is this right?
- Fair Equality of Opportunity: Every child have their right to attend public school (public resource). The greatest benefit should allocated for the least-advantaged members of society
- Paying only benefit the rich
Qn: Should you In countries like USA and Indonesia, you can pay to upgrade to a better prison cell if you have the money?
- Plato argues that by upgrading, one has not been "purged from the sickness of the soul" and Aristotle would say that there is no Retributive Justice for the wrong done by the convict, upsetting the moral equilibrium in society
Qn: Should you find a substitute for eg: NS? (outsourcing conscription)
- Kant's Categorical Imperatives would argue against paid substitutes
- Only the poor would be fighting, thus the rich escape certain death
- Society would not exhibit equality due to the rich having their way and the poor suffering
to fight battles to protect the wealth of the rich this approach is seriously Unjust.
- Such an action would be one of the worst use of men as mere means.
Qn: Sperm & Egg Donation
- Not unethical
- Parents would can't conceive naturally requires reproductive assistance
- Challenges comes in when parents can naturally conceive but chooses to pay big money for designer traits in baby (certain education level, parent's exterior characteristics