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We Are All Madoffs, We Are All Human - Essay Example

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The essay "We Are All Madoffs, We Are All Human" critically analyzes the article written by professor Barash. The writer of this essay suggests that Barash puts greater importance on the environment as the end, whereas true economists place human life at the end of all his endeavors…
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We Are All Madoffs, We Are All Human
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Download file to see previous pages The crucial argument against the article written by professor Barash, entitled “We are all Madoffs”, is that it puts greater importance on the environment as the end, whereas true economists place human life as the end to all his endeavors. There is a critical error in the assumption of the writer that we are all Madoffs simply because of “modern civilization’s exploitation of the natural environment” (Barash): The difference lies in the fact that Madoff has been exploiting other men for his own benefit. By the very mode of operation of Ponzi schemes, Madoff has no responsibility for the people under him including if they fail in their investments in the company. He also cannot be held accountable by the government because the extent of his operations depends on people getting more people, nor is he taxed for all his earnings. We, as an economic force, utilize, and perhaps to some extent, exploit the environment and its resources. Madoff, on the other hand, exploited people for his own profit and he has completely ignored the dignity of human life. The use of resources as means to an end is justifiable because resources are there precisely to improve human conditions. Madoff and his Ponzi scheme used people as means to his own end, to improve his own condition. According to Adam Smith, we as individuals are “led by an invisible hand to promote an end which was no part of (our) intention” (Barash). That end is the improvement of human life- and fulfilling this end makes us nothing like Madoff. This argument about “our fundamental relationship to the natural world” can swing both ways, just as the argument of population growth can have its advantages and disadvantages. One can view population growth in a purely detrimental outlook: more needs and wants to satisfy means more produce required means more carbon emissions and pollution. ...Download file to see next pagesRead More
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