Distributive Justice: The Right and Wrong of Our Present Distribution of WealthRyan, John A. (John Augustine)
PhilosophyChristian
Distributive Justice: The Right and Wrong of Our Present Distribution of Wealth
Ryan, John A. (John Augustine)
Economic history; Income distribution -- Moral and ethical aspects; Wealth -- Religious aspects
Nevertheless, it would seem that those business men who obtain
exceptionally large profits could be reasonably required to transfer
part of their gains to their employés in the form of higher wages, or
to the consumers in the form of lower prices. Both of these methods
have been followed by Henry Ford, the automobile manufacturer. Neither
of them is certainly demanded by the principles of strict justice;
they rest upon the feebler and less decisive principle of general
equity or fairness.[163] This concept is less definite than those of
charity and justice, and stands midway between them. It comes into
operation when an action is obligatory on stricter grounds than those
of charity, and yet cannot with certainty be required on grounds of
justice. Notwithstanding its vagueness, it is sufficiently strong to
make the average conscientious man feel uncomfortable if he neglects
its prescriptions entirely. It has, therefore, sufficient practical
value to deserve a place in the ethics of distribution. And it seems
to have sufficient application to the problem before us to justify the
statement that the receivers of exceptionally large profits are bound
in equity to share them with those persons who have co-operated in
producing and providing them, namely, wage earners and consumers.
In the field of profits the canon of human welfare is not only sound
ethically but expedient socially. It permits the great majority of
business men to obtain, if they can, sufficient remuneration to meet
their reasonable needs. Whether it requires society to _guarantee_ at
least this amount of profit-income is a question that we shall examine
presently. It encourages efforts, and makes for the maximum social
product by permitting business men to retain all the profits that they
can get in conditions of fair competition. Does it forbid any attempt
by society to limit exceptionally large profit-incomes? If the limit
were placed very high, say, at 50,000 dollars per year, it would not
apparently check the productive efforts of the great majority of
business men, since they never hope to pass that figure. Whether it
would have a seriously discouraging effect upon the activity and
ambition of those who do hope to reach, and of those who have already
reached that level, is uncertain. Among business men who are
approaching or who have passed the 50,000 dollars annual profit-income
mark, the desire to possess more money is frequently weaker as a
motive to business activity than the longing for power and the driving
force of habit. At any rate, the question is not very practical. Any
sustained attempt to limit profits by law would require such extensive
and minute supervision of business that the policy would prove to be
socially intolerable and unprofitable. The espionage involved in the
policy would provoke general resentment, and the amount of profits
that could be diverted either to the State or to private persons would
be relatively insignificant.
Public-domain text, read in full here on John Shaqi.
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