Some Ethical Consequences of Economic Competition

“Are there necessary contradictions between generally accepted moral obligations and the laws and rules that flow from the logic of economic competition?” This question is the basis of this article by James M. Michelman. This article is an outline of the seemingly endless, vicious struggle between our own moral character and the “free” enterprise system. It brings up such questions and topics as should we treat our competitors how we want to be treated or how they treat us? Should we have compassion and kindness toward...