Teresh said:
Not all businesses are unethical... But yeah. When in business, it's important to remember that you shouldn't be evil. Not because it's unprofitable but because it's just plain wrong.
I agree. I can tell you for a fact that the pharmaceutical industry and the financial services industry are outright dirty. This doesn't just hold to any specific industry.
Following the fall of Enron and the institution of the Sarbanes-Oxley Act, it has been found fairly recently (I forget the specific study) that of a significant 100 corporate powerhouses in America, $1.25 trillion in non-revokable future debts was listed in the notes to corporate financial statements
but not factored into the financial reports. 1.25 trillion is a large sum of money that investors definitely want to know about! This kind of stuff is currently legal, but key individuals are now aware of it and changes may follow later.
On the other hand, however, business and big business are crucial to our economic and societal welfare. Every society has its institutions, and business institutions really do contribute to the well-being of America. I'm not just talking about millions upon millions of dollars donated to charity from the Fortune 500 companies, I'm talking about the huge amounts of research and development. Cochlear Implants, for example, came from investors and businesses who realized the power of biotechnology. These investors contributed sums of money in order to fund business-oriented research of CIs. Bear in mind that while businesses are very critical in the current capitalistic structure of our society, they're not the only institutions.
The problem with business is also its perk. Profit motives are considered huge motivating factors in our society, but they also encourage us to engage in unscrupulous behavior (see, for example, all the monkey-heads in financial services). This is exactly the importance of the government. The government places restrictions on businesses in order to protect the consumer. Sometimes these laws sound really silly, like the laws affecting how many bubbles a producer can have in her ice cream or how much alcohol is in your Cabernet Sauvignon, but they ARE important.
Some laws aren't, however, and they're the product of silly, clamoring lobbyists who couldn't survive a day in the wild. "My crepes! I need my crepes prepared now, Jeeves! It's Armageddon!"