by LizaK873 Wed Sep 11, 2024 1:43 am
I actually think E) says
"harm others" -> morally wrong,
because
"not morally wrong" --> not harm others.
---
TLDR; if you replace "moral obligation" with E's definition, the entire passage makes no sense.
---
Confusing part for me was that the 2 examples given, were both clearly morally wrong. (paper mill, ceo choose to not do something that harms)
However, instead of focusing on evidence, I focused on organization of the entire passage:
1. Businesses should care about moral obligation (aka "contribute to public good" (1))
2. Critics (economists) say no b/c of two reasons:
----> A) except for non-profits, CEOs are legally required to focus on profit, and not legally required for social benefit
----> B) focusing on profit will result in with social benefit anyway, so no need to
3. author criticizes these:
----> A) just because not legally required, doesn't free them from moral responsibilities, such as being against profit that results in harm
----> B) example of a case where profit results in social harm
If E was correct, the above changes this drastically into
1. Businesses should care about what harms society
2. No. Not legally required to avoid harm, and plus, it doesn't harm but benefits anyway.
3. No, responsibilities don't have to be legal, so companies should avoid harm.
this is not at all what the economists are arguing about, nor what the paragraphs are stating, nor what people (paragraph 1) explicitly complained about - "contribute to public good"
---
So really, the last paragraph of the author is using 'harm' as examples to simply counter the economists' view,
while the main conclusion (that its supporting) is in the first paragraph, "businesses should not maximize profit without caring about benefit to society", aka lack of consideration of benefit
Author's overall argument is "economists are wrong b/c of X and Y, so businesses should not maximize profit without caring about benefit"
rather than "economists are wrong, so businesses should not take action that harms public even if it's profitable"
because the economist's view that author is challenging is NOT
"even if it harms, profit comes first",
but rather
"businesses shouldn't care about benefit b/c not legally required & end up benefitting anyway, even if not intended".
---
another tldr;
"businesses have moral obligation* - to consider social benefit"
"no need, its not required legally + social benefit occurs anyway"
"morality is a responsibility, so it is still an obligation + social harm might occur instead"
'harm is morally wrong' is used to negate the criticism & support the conclusion "businesses have moral obligations",
while if you replace 'morality' with E's definition, conclusion incorrectly becomes "businesses should avoid social harm"
----