Personal Philosophy of Business Foundations of business 8: 30

Download 19.55 Kb.
Date conversion03.05.2016
Size19.55 Kb.

Paper #3

Personal Philosophy of Business

Foundations of business 8:30

Personal Philosophy of Business

Paper #3

Alex Johnson


My Philosophy of Business in the Society

My philosophy of business is simple; define it and control it. If a society intends to let businesses run free and let economic independence rule, then do that. If they state wishes to control its trade and commerce, then let the state control its economics. The problems come from when a business exploits the state and harms the society that hosts it.

To each point is a different train of thought and philosophy, especially for myself. On one hand is the ideas of independence that is sheltered within economic freedom. Such schools of thought often get lumped into and lie in capitalism. To an extent capitalism is a fantastic expression of economic freedom, and I agree with it to a certain point. When I refer to capitalism I mean it in the way that Merriam Webster defines it in its online dictionary. Defined as “A way of organizing an economy so that the things that are used to make and transport products are owned by individual people and companies rather than by the government. (Merriam-Webster, 2014). This sense of ownership and economic freedom is necessary, allowing ambition to drive the average man to potentially work harder. Examples of the success of capitalism are all over the world now; from apple in California to AliBaba Express in China, these are examples of individuals creating business through insight and initiative. Allowing freedom of common commerce is a staple of the American way. As the world progresses it also has shifted toward economic liberty, allowing for the sharing of ideas and the evolution of trade. In capitalist economies freedom to excel is encouraged. Such freedom is written about by such authors as Ayn Rand (Atlas Shrugged & The Fountainhead). While warnings about totalitarianism are written by ,most notably, George Orwell (Animal Farm & 1984). Both Rand and Orwell stress the importance of the power of individualism and the freedoms to which it entitles people. These authors also warn of the destructive power of such controlling bodies like communism. However they don’t speak or warn to the dangers in which total freedom has lying malignant inside it. The darker side of capitalism is a human trait that almost all are victim too, greed. German philosopher Friedrich Engles said “From the first day to this, sheer greed was the driving spirit of civilization(Engles, 1884). The Greek philosopher Plato also recognized this tendency to greed, and in his work “The Republic” ( (Plato, 380 B.C.) he outlines mans tendency to greed. In The Republic he tells the story of the Ring of Gyges, which allows the wearer to become invisible. When given this power he says that man will act in his own interest, regardless of the well being of others. In recent history we have seen such greed repeated and repeated, examples being the 2008 Financial Crisis, the Enron collapse; which cost 4,000 people their jobs and life savings (Valenti, 2002), and schemes such as the Madoff Ponzi Scheme; which cost 17.5 billion dollars (Larson, 2014). So as good and ambitious as capitalist business is, it must be governed. However the issue of a governing body brings up the question of, who should over see it?

To this question stand the polar opposite of capitalism, communism. Now to stop the reader from dismissing communism, let me first define it. I mean communism as written by Karl Marx, not the corrupted forms we see attempted by such vassals as the former Soviet Union and Cuba. These mutations were killed by the same toxin that they claim corrupts capitalism, corruption and greed. This avarice led to a sacrilege of the pure communist belief of class equality. Karl Marx saw that capitalism creates classes, going so far as to say, “The history of all previous societies has been the history of class struggles” (Marx, 1848). He believed that each man should be equal, no higher or lower classes. In theory this would help deteriorate greed, thus making businesses more stable and beneficial to society. Though as most theories go, it is in the application that the hopes of success die. To its credit; communism outlines a society in which economic trade is regulated by a central, just, body; and the concern of private property is totally abolished. If trade is regulated it can’t fail due to human avarice. So this being considered, if you wish to control business and its trade then it must be done totally, and fairly. However this requires a corrupt less, almost divine, governing body. This governing body is unrealistic, which leads to my personal philosophy of business.

For some unknown reason Americans have developed an idea that if you’re not a capitalist you must be a socialist. This same thinking has created an illusion that communism is completely and totally evil and to be absolutely avoided. This path of thinking has resulted in a two party system, which was warned of by the first president of the United States, George Washington. President Washington said, “However [political parties] may now and then answer popular ends, they are likely in the course of time and things, to become potent engines, by which cunning, ambitious, and unprincipled men will be enabled to subvert the power of the people and to usurp for themselves the reins of government, destroying afterwards the very engines which have lifted them to unjust dominion.” (Washington, 1796). Unfortunately most believe that since it isn’t communism, our form of capitalism is the best option. But why can we not make applicable the bits of communism and capitalism that are most desirable? In my mind we can, and should, combine the two political theories. The enlightenment is over, the red scare of the 1960’s is long dead, we shouldn’t fear communism. A business being regulated by an unbiased body is an excellent idea that would solve a lot of problems caused by human error. Government that isn’t terminally infected by catatonic officials and free of the greed which business brings would be an ideal and just one. Allowing the governing body to serve the people and keep businesses in check. This unbiased regulation would lead to actual oversight and, when necessary, punishment of avarice. No longer could events like the California power outages caused by Enron be possible. A business must be kept in check, not only for its own stability but also the well being of the society.

As a final form of my philosophy, a business is obligated to people. It cannot act as a parasite, leaching to society, eventually killing its host. Without humans a corporation is an empty structure. To apply the freedom and ambition of capitalism is desirable in a society. This must also be ruled and regulated by the authentic pure governing body of communism. Much like politics, either extreme is ungenuine and doomed to fail, or “bust”. A love of money or power is the route to societal destruction. Government must serve society, and likewise business must serve society. It is a moral obligation for a business to be symbiotic, not parasitic.

An organization, no matter how well designed, is only as good as the people who live and work in it

-Dee Hock, Founder and Former CEO of Visa Credit Card Association.


Engles, F. (1884). Origins of the Family, Private Property, and The State. Germany.

Larson, E. (2014, November 21). Madoff Scorecard. Retrieved from

Marx, K. (1848). Communist Mannifesto. United Kingdom.

Merriam-Webster. (2014, November 24). Merriam-Webster Dictionary. Retrieved from

Plato. (380 B.C.). The Republic. Athens.

Valenti, C. (2002, November 27). A Year After Enron, Whats Changed? Retrieved from

Washington, G. (1796). Farewell Address. Philidelphia.

The database is protected by copyright © 2016
send message

    Main page