I took a week-long break (if any one noticed). Another break is anticipated as I have three finals this week. This post is taken from one of my finals.
Frank Knight wrote a piece in the Annals of America entitled The Ethics of Competition. Mr. Knight felt that competition could be replaced by cooperation as the dominant business model. His proposal was to legislate and enforce cooperation. This fails because forcing anything fails to institute a change in character and the fundamental problem (lack of moral goodness). However, Mr. Knight accurately identifies the inconsistency of the ethics of competition with happiness, spiritual well being, and compassionate human relations. He is correct that “the competitive system, viewed simply as a want-satisfying mechanism, falls far short of out highest ideals,” and that, “’Giving the public what it wants’ usually means corrupting popular taste.” Continue reading “Competition v. Cooperation”