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Ethics deals with morality and I would contend that capitalism is an amoral economic model!  (Amoral means without...

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Economics

Ethics deals with morality and I would contend thatcapitalism is an amoral economicmodel!  (Amoral means without morals,neither good nor bad.)

What do you think about this statement? Please brieflycomment.

What about other economic systems, say socialism? Do youhave the same answer?

Answer & Explanation Solved by verified expert
4.4 Ratings (573 Votes)
Ethics is a discipline which deals with what is morally good and bad and morally right and wrong The society which we live in has certain obligations like reduction of poverty improvement of health and increase in general welfare of people Although there are examples of how capitalism has caused the life expectancy to rise and also has    See Answer
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