Monday, August 23, 2010

Where are the Government ethics courses?

The following article "Business 'ethics' wrong focus, It's government, not the corporate world, that is inherently unethical" is written by Thomas DiLorenzo a professor of economics at Loyola College, Maryland, and a senior fellow at the Ludwig von Mises Institute:

http://articles.baltimoresun.com/2010-08-22/news/bs-ed-business-ethics-20100822_1_business-ethics-unethical-behavior-wrong-focus

Professor DiLorenzo offers a strong argument that teaching business ethics is counterproductive. What students should learn is that government is the root of all corruption, and that more government unavoidably leads to more corruption.

This is an excelent article, short but directly to the point.  I encourage you to read the entire article, but here are some of the highlights:
Under the dubious proposition that the current economic crisis was caused by a sudden outburst of greed (as though greed did not always exist), a new growth industry in America is the teaching of "business ethics" at the university level.

Business ethics courses typically combine anti-business moralizing with advocacy of more government regulation of business and, subsequently, a greater politicization of society. In doing so they actually encourage unethical behavior because it is politics, not markets, that is inherently immoral.
... when government uses its legal monopoly on coercion to confiscate one person's property and give it to another, it is engaging in what would normally be called theft. Calling this immoral act "democracy," "majority rule" or "progressive taxation" does not make it moral. Under democracy, rulers confiscate the income of productive members of society and redistribute it to various supporters in order to keep themselves in power. The government also pays itself very well out of these confiscated funds. Today the average federal bureaucrat makes about double the salary and benefits of the average private-sector worker according to the U.S. Department of Labor. State and local government bureaucrats make about one-and-a-half times their private-sector counterparts.


In order to finance a campaign, a politician must promise to steal (i.e., tax) money from those who earned it and give it to others who have no legal or moral right to it. There are (very) few exceptions, but politicians must also make promises that they know they can never keep (i.e., lie). This is why so few moral people are elected to political office. The most successful politicians are those who are the least hindered by strong moral principles. They have the least qualms about confiscating other peoples' property in order to maintain their own power, perks, and income. In his bestselling 1944 book, "The Road to Serfdom," Nobel laureate economist F.A. Hayek described this phenomenon in a chapter entitled "Why the Worst Get on Top."
In short, universities perform a disservice with their relative neglect of the real ethical problem in America — the politicization of society and the growth of government — while greatly exaggerating ethical problems in private enterprise.

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