Is is morally wrong to make a profit off of a business transaction when no improvement to a product/service/asset has really been made? Is it morally wrong to make a profit if I am just in the right place at the right time?
2006-12-05 07:35:12 · 3 answers · asked by mbaforhire 1 in Business & Finance ➔ Other - Business & Finance
Not if you did something, even a little thing to make it happen. Maybe the transaction happened because you knew someone, or something. The question you should ask (morally) is whether the transaction would have happened without you. And if you can get past the personal moral questions, it is pretty well accepted practice that this is okay in our society.
2006-12-05 07:47:15 · answer #1 · answered by Julian A 4 · 0⤊ 0⤋
So you're saying for instance is it wrong to sell your house and make a profit when its market value has increased? No, this kind of business transaction is not wrong, at least according to my own ethical standards. If you think about it, making money is not bad unless the means by which you acquire the money is immoral. There is nothing wrong with getting rich. It is the free market, capitalism. Communism, which is where everybody has the same amount of money, doesn't work because there is no incentive for people to work, since they won't get any increase in income. There are freeriders with this system (there are with capitalism too but not nearly as many). Profit is just a fact of life. It is the blood of the social system. Even the Christian Bible says, "If a man does not work, he will not eat," meaning people don't deserve handouts. Money isn't a bad thing, it is how you make the money that can be good or bad. Making a profit off of being in the right place at the right time is perfectly fine. How you chose to use the money is another moral question to consider.
2006-12-05 15:54:13 · answer #2 · answered by scottrc5391 3 · 0⤊ 0⤋
No. It is called capitalisum.
2006-12-05 15:43:22 · answer #3 · answered by Anonymous · 0⤊ 0⤋