Business 303 Sheppard

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Business 303 Sheppard

• Business Society Ethics, Week 13
• Unfinished Business

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BUSINESS ETHICS WEEK 13 MAIN QUESTIONS

1. Did you hand-in your case?
2. You know after the last slide I hope to hand back
   the exams?
3. What is conspicuous consumption and why does in
   not fit with our notions of capitalism?
4. What is the Cultural Contradiction of capitalism
   and why does in not fit with our notions of
   capitalism?
5. How Perfect is the market?
6. What advice could I send you off with?

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1. How perfect is the Market?

• Thorstein Veblen 647
• Is wealth its conspicuous display is
  honourable, in of itself?
• At some point money is just score keeping.
• Daniel Bell 649
• The Cultural Contradiction of
  capitalism is that its a system
  that grows via savings
  but,
• in the end, breeds consumption.

Wk. 13-3
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2. Is everything for Sale? 653

• Rise of the Welfare State
• Stagflation Schumpter
• Creative Destruction Profit
• Need for reinvestment
• Drain from the Welfare state
• Hi Unemployment inflation
• VooDoo (Trickle Down) economics
• Communisms fall, Markets assent
• Competition or Corporatism.

Wk. 13-4
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3. Unfinished Business Remember

• A perfect market is like a free lunch (neither
  exist).
• If something doesnt seem right, look at it
  closely. If it has stupid written all
  over it, dont do it!
• People prefer more freedom to less (try to give
  them it). (Farmers Law) from soap to
  information
• Rights are the poor relation to power
  (Sheppards Power Law).
• Capacity required expands to meet
  Capacity available (Sheppards
  Demand Law).
• Its always a bunch of little things.
• Theres nothing new under the sun (ignore the
  Zeitgeist).
• You cant count past nine (7 or - 2) .
• Theres always something else.

Wk. 13-5
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4. Roger Me (1989, 91 Min.s)

• A feature-length documentary film chronicling the
  efforts of G.M., as it turns its hometown of
  Flint, Michigan, into a ghost town.
• In a quest to discover why GM would want to do
  such a thing, Flint native Michael Moore, tries
  to meet G.M. chair, Roger Smith, and invite him
  out for a few beers up in Flint to talk things
  over.

• In between efforts to see Smith, Moore, son of a
  Flint autoworker, takes us on a bizarre journey
  thru Flint accompanied along the way by a U.S.
  President, Miss America, and a TV evangelist -
  who show up to save Flint from destruction.

Wk. 13-6
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And yea the Movies Optional