Tuesday, November 14, 2017
SOUND reason and proper ethics plus true faith and right morals have defined the innate nature and inherent finalities of business – or goals.
Here: Businesses should be characterized by their capacity to serve the common good of society through the production of useful goods and the promotion of beneficial services – their workers in particular.
Businesses also perform a social function, creating opportunities for promoting and enhancing the common good and welfare of the people in general.
So it is that business primarily intended merely for the profit, benefit and welfare of capitalists – the principal as well as auxiliary ones – without honest-to-goodness concern for its beneficial impact to the general public – is de facto a curse.
So it is that no business may be but for itself – its own profit, benefit, growth – without regard for the common good of society. However, this is not to say either that business should be altogether for the interest of the general public in line with the nature and finality of charitable organizations.
In other words, while business – properly speaking – should not be divested of its due and legitimate incomes and other benefits for its owner / owners and partner / partners, neither should it exempt itself from directly and/or indirectly serving and promoting the interests of the society in general.
The production of useful goods, the provision of beneficial services, the promotion of consumers’ welfare should be ingrained in all legitimate business enterprises – in addition to the latter’s profitable legal claims. Covetous businesses brought to reality by of downright greed are mortal enemies of the consuming society in general.
So it is that nothing less than the Social Doctrine of the Church justly proclaims and duly insists that amoral economy is a big social. The ultimate casualty of economy divested of morality is the general public, the whole of which in the last analysis is a consuming society. In other words, business may not legitimately do away with its beneficial social dimension.
The teaching that business has a social function is but saying the following: Business may not be for itself – its own benefit and advantage, its own good and welfare. Business may not but have in mind both its ad intra capital interest and ad extra social function. Business has to attend to and accordingly promote the good and advantage not only of business owners and investors but also the consumer world.
One more thing, business will in fact prosper the more. The more it attends not only to the profits it makes but also looks after the welfare of those patronizing it, the more profitable even the business becomes. Translation: Business and its patrons are both beneficiaries – in the last analysis.
None of the above observations about business and its goals is complicated to understand, much less impractical to comply with. They are but mandate of ethics and dictates of morals ingrained in business as a human activity.
So it is that the more business becomes pro-self, pro-profit, pro-income, the more people look at it with disdain and anger.
Such is exactly the case of the business of fuel and electricity in the country. Their capitalists become richer while the consumers become poorer./PN