Ethics and Wealth Essay Example | Topics and Well Written Essays - 750 words

Ethics and Wealth - Essay ExampleThose who own wealth do so area under discussion to a communal mortgage, so to speak. And, in the Catholic social tradition, the lien is held by an authority senior than that of all bank.If wealth is produced by contributing with others in the application of advancing knowledge to further the common good, then its creation does not produce scarceness, but profusion. The world-shaking scope here is contribution and instrumentation. The outturn of wealth ought to support contribution, not prohibiting profusion, not scarceness.Wealth is a tool, certainly not an end in itself. Its social conclusion is communal justice and, communal justice is essentially communal participation--not only access to the distribution of material goods but also to the very unconscious process of wealth creation (Simona Beretta, pp. 137-38).According to Adam Smith the Creation of wealth includes the four factors of work that are attain, labor, capital and organization. T he ethical part related to land is that whether the land or resources which are owned by the owner is fairy inherited or owned.There shouldnt be illegal act for obtaining the resource for production of wealth. For example people prepare illegal papers to show ownership of the land and claim to be the owner of such land which doesnt belong to them. This is wrong part.Generally laGenerally labor is the rational or physical track down which is done for the sake of reward. Ethical part in this factor is that the mental or physical work done to create money should be acceptable by the society and its norms and values. For example the burglars do unethical physical work to create or to produce money. Ethically production of wealth includes labors working in restaurants, shopping malls, hospitals etc. Creation of wealth also includes the capital and organization. gravid is the manmade resource which could be used by the organization to produce goods and services. Now ethics has to do m uch with it. The capital employed to earn profit is the estimable of every organization but again it should not commit such illegal actions to earn profit which are not tolerated by the society.Reflection on the Catholic tradition on wealth Robert Kennedy, in Wealth Creation within the Catholic Social Tradition, indicates the past of Catholic philosophy on wealth from its biblical sources to the present encyclicals. In this institution, wealth is evaluated ethically in light of the human profession. The resources of the earth are destined to please our desires in society and to create authenticated profusion, but they can easily divert us from idol and turn out to be a nuisance to both wealthy and deprived.For example the production of such medicines which are off low quality and can affect the health of the consumer. This is not ethical way to produce wealth. It takes us towards materialistic address and away from God .Organizations should be careful to avoid unethical activiti es to create wealth. Role of ethics in distribution of wealth Wealth is the same as manure. If you pile it all in one place, you burn the plants under