Question

1. Give your opinion of what Moral Capitalism means to you?
2. Are companies obligated to practice Moral Capitalism?
3. Why or why not?

Answer 1

Moral capitalism refers to conducting business within the boundaries of high levels of morality and ethics. It means that the capitalists will keep in mind all morals while carrying on their businesses.

While moral capitalism is difficult it is not impossible. Like individuals businesses are not obliged to practice morals. In fact morality is impossible unless one is free to choose between different alternatives. Hence a capitalist must undertake business operations keeping in mind the impact it has on different stakeholders such as employees and the society at large. Only when a capitalist is free to choose between right and wrong will there be moral capitalism and that is the difference between morality and law.