The theory of deontology states we are morally obligated to act in accordance with a certain set of principles and rules regardless of outcome. Gekko’s speech supports immorality, he is justifying greed. Gekko says ‘Greed is right. Greed works.’ There is nothing right about greed, Kant would not agree. According to Kant’s theory we are morally obligated to act or live according to the rules. Me, me, me-Egoism. Kant claims, a person has a good will when he ‘acts out of respect for the moral law’, Gecko is not acting out of respect for anything. He is saying that greed is good; more like saying selfishness is morally good, that’s what ethical egoism is, which is what the executives of Teldar are expressing, they don’t care what the operations or middle level of management gets or earns.
They are happy with them earning more money after having done the minimum amount of work compared to the ‘stockholders’. On the other hand Gekko is expressing psychological egoism which asserts that people always act in their own interests, and, cannot but act in their own interests even though they may disguise their motivation in helping others. Gekko is trying to get more recognition as well as more money while acting as if he is helping the ‘stockholders’ Fair is fair- Distributive justice. Everyone should benefit from the profits of company but only the executives are, which is unfair and it defines inequality, this would have been permissible if everyone benefited for it.
In assignment 4 I argued against egoism, which is what I did as well in this assignment. This then makes the two assignments completely comparable. In this assignment I argued against what Gekko said. Gekko says that greed is good and it is what makes companies. Stopping at nothing to achieve all the success one wants and that is egoistic. Greed is not good. I practice these virtues and claim them as my own because I believe in being kind and fair to everyone and not being selfish. I treat others the same way I would like to be treated.
Courtney from Study Moose