The Ethics of Capitalism (PHIL20044)

Capitalism is now the dominant way of organizing economic production and other aspects of social life in most countries. But there are many who feel that capitalism is morally troubling, or even evil. This subject aims to develop a moral evaluation of capitalism in its various forms, and to address specific moral concerns about it. Possible questions include: In what way is capitalism related to such things as exploitation, overconsumption, and excessive competition? Are these inevitable problems or can they be addressed through regulation? What sort of limits should be placed on individual property rights, the activities of corporations, and flows of inherited wealth? Should some services never be privatized? This subject will address these questions with the help of classic and contemporary readings in the egalitarian, utilitarian, and classical liberal traditions.