Managers have moral obligation to preserve capitalism

Repost from Working Knowledge of HBS | July 29, 2013

The common thinking about laissez faire, and free market that capitalism is just a step removed from the jungle.  But the truth is that there are strong moral framework for capitalism as contained in the writing of Milton Friedman, Adam Smith.  Thus argue HBS  Rebecca M. Henderson and Karthik Ramana.   Certain normative goals are in a capitalist society as fairness of opportunity and protection of individual rights

Our task is to add texture, add richness to the moral structure that exists in the capitalist society.  We are not making immoral men moral in a capitalist society.  It is a big mistake that business people as amoral or immoral.  A business can not continue its existence if it is not good;  especially in a Judeo Christiab setting.

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