UNCERTAIN ECONOMIC WORLD AND THE URGENCY FOR  A CRITICAL ETHICAL HORIZON

Ji Sun Yun

Ji Sun Yun Sejong University, South Korea

Keywords: Capitalism, Economic Insecurity, Ethical Perspective, Externality, Impoverishment, Inequality, Precariat

Abstract

In this market-driven world, humans are to reflect on the new ethical horizon that embraces it. The market society implies an impact of the unlimited market according to which all spheres of life can be commodified. The market society, as one of the important constitutive elements of people’s lives, inevitably shares borders with our ethical values. This article analyses, with a critical perspective, the problem of economic insecurity and poverty as reinforced by capitalism. The analysis of the systemic inequality in terms of instability and the rise of the precariat shows how capitalism exploits human resources. The consideration of externality and the impact of the company can determine various dimensions of society, such as the environment and consumer health, could impose ethical responsibilities on companies and direct the market in different ways for the benefit of society.

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