Ethical Egoism Vs Social Responsibility

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James F


Date added:

February 7, 2013








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4 / 1057


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One can make egoism work in a society as long as he does not induce harm to others and follow "the basic rules (laws) of society." (Friedman 79) Robert Hannaford uses the DC-10 example where a McDonnell-Douglas executive's decision to rush the DC-10 into production to get ahead of its competitors, even though their own engineers had warned the management about the danger of the cargo door latch...
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It was the main contributing factor to the disastrous crash of the DC-10 crash in Paris airport in 1975. This was not an isolated incident. He goes into how "their chief executive officers are ?single-mindedly almost slavishly committed to achieving' a showing of maximum short-term profits." (Hannaford 85) Hannaford has inadvertently pointed out that his decision on short-term profits should have been outweighed by the long-term profits...
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