The Impact Of Technology On Market Morals Essays

The Impact Of Technology On Market Morals Essays

Length: 1314 words (3.8 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

The Impact of Technology on Market Morals
Perhaps the most persistent and lasting effect of capitalism is the implementation of market thinking within society. As Sandel states in his book What Money Can’t Buy, “the reach of markets, and market-oriented thinking, into aspects of life traditionally governed by non market norms is one of the most significant developments of our time” (7). Sandel’s main argument is the emptiness of morality within modern society, claiming people have become less ethical in that last thirty years due to market-driven society. However, his assertion of loosening morality does not take into account how technological advancement opens ethical perspective. Through inventions that challenges us to apply ethics to fields that did not exist before and through the decreased prevalence of the queue as internet decreases the average time to obtain goods, science expands moral dimensions. Our perspective on morals changes as a result of broadened fields and the decreased prevalence of queue, but new viewpoints should not be confused with corruption simply because it is different from thirty years ago. As we discuss the increasing influence that technology has on us, it also calls to question the amount of power that technology corporations have and their uses of it.
The reader must first understand that morality is a dynamic conception that changes as society evolves. An example would be the free market system. People from capitalistic countries often argue that capitalism is a beneficial system that is natural and inevitable, but also promotes individualism and freedom. On the contrary, zealous critics who believe capitalism increases the financial discrepancy may condemn it as a wholly man-made effort, in wh...

... middle of paper ...

...etition drives corporations to gain comparative advantage over their rivals by spying on their users. Although internet is still a relatively new field, internet-based companies have already experienced countless lawsuits regarding the intrusion of privacy. As consumers, our growing dependence on technology allows these corporations to know and control every move we take. The section about collecting users’ data under Google’s terms of service exemplifies privacy invasion, but the most alarming part is that we do not care about it for most of the times. We regard privacy less important than the technology we are able to use by simply agreeing to give the data away. It is time we ask ourselves whether technology companies have gone too far in their reach of market domination and whether it “reduce the capacity of democracy to respond to citizens’ concerns” (Reich 131).

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Multinational Corporations : An Attractive Market For Multinational Companies

- Multinational corporations are growing in with the increase in globalization over the last fifty years. As competition between organizations continues to rise with the increase in international trade, companies are continuously looking for opportunities to expand their operations. The Asia market is one area of the world that has generated significant interest from multinational corporations. The purpose of this document is to discuss the reasons that Asia is such an attractive market for multinational corporations....   [tags: Developing country, Developed country]

Strong Essays
1634 words (4.7 pages)

Essay on The Impact on Society of the Entitlement Effect

- The issue of entitlement elevated in the 1980’s and led to a whole generation of youth thinking someone owes them; migrating from the thought process ingrained in previous generations. This era generally has an exaggerated sense of self importance that is not commensurate with their actual level of achievement. Every generation changes, adjusts in many ways due to the influence from the previous generation. In an effort to co-exist, adult generations tend to relax or over adjust on morals, values, and ethics passed down from their parents....   [tags: Generation Y Entitlement]

Strong Essays
863 words (2.5 pages)

Ronald Reagan: Impact and Legacy Essay example

- During the 1980’s Ronald Reagan, a former actor, was president while George H. Bush as vice president. They served two consecutive terms. In these eight years they brought the conservative tide to a forefront, partook in the horror of the Tiananmen Square Massacre, and established the famous economic policy known as Reaganomics. In 1981 during Ronald Reagan’s presidency he proposed a new economic plan the press named it Reagonomics. The plan’s objective was to pull the United States out of debt....   [tags: Reaganomics]

Strong Essays
907 words (2.6 pages)

How the Various Components of Culture Impact on Consumer Values Essay

- “Culture is that complex whole which includes knowledge, belief, art, morals, custom and any other capabilities and habits acquired by man as a member of society” (McCort and Malhotra, 1993: 97). As it is seen that for any country and religion culture is the back bone and it really has strong impact on the buying behavior of consumer. Culture can be the cause of success of any product in the market and other hand, it can also destroy any product sale in very sort-time in any country. “Culture and consumption have an unprecedented relationship in the modern world” (McCracken, 1990)....   [tags: marketing strategy,buying behavior,consumer ]

Strong Essays
1800 words (5.1 pages)

Impact Of Technology On The Labor Market And Wage Distribution Essay

- Introduction Recently there has been a shift of long lasting and full-time employment in large and basic manufacturing enterprises to nonstandard and short time work in the firms and service sector. Technological changes have fostered much of this transition because most enterprises adopt such advances in technology so as to get a competitive advantage in the market. The effects of technological are somehow highly beneficial to workers, but it also brings job dislocation and trauma in other settings of organizations....   [tags: Supply and demand, Employment, Technology]

Strong Essays
1029 words (2.9 pages)

Beliefs, Morals and Values Application Essay

- #Beliefs, Morals and Values, # Beliefs, Morals and Values Application According to Webster’s II New College Dictionary a belief is the mental act, condition, or habit of placing trust or confidence in a person or thing and mental acceptance of or conviction in the truth or actuality of something (1995). A belief consists of anything believed by conviction or faith; a belief can be something accepted as true (Weber, 2002). Beliefs are convictions; trust or confidence placed in a person or thing (Encarta, 1999)....   [tags: Morals]

Strong Essays
1538 words (4.4 pages)

The Impact of Technology on Adolescent Development Essay

- Technology is quickly becoming one of the most utilized resources used by man today. It is not only advancing at an exponential rate, but is also being personified throughout numerous domains across our society. The world we live in today is radically different than the world wenty years ago. That being said, investigating and analyzing the way technology currently affects human development is an area of study that would be of great value. Specifically, we believe concluding implications are the key to gaining an understanding of the present and future development of humans....   [tags: Impacts of Technology on Teenagers]

Strong Essays
2138 words (6.1 pages)

The Impact of Technology Essay

- Computers are a magnificent feat of technology. They have grown from simple calculators to machines with many functions and abilities. Computers have become so common that almost every home has at least one computer, and schools find them a good source for information and education for their students (Hafner, Katie, unknown). Computers have created new careers and eliminated others and have left a huge impact on our society. The invention of the computer has greatly affected the arts, the business world, and society and history in many different areas, but to understand how great these changes are, it is necessary to take a look at the origins of the computer....   [tags: Technology ]

Strong Essays
1424 words (4.1 pages)

Essay on Communication Technology: The Impact of the Telegraph on Society

- Over the course of the next two essays, we will address the factors which made the advent of the telegraph in 1876 such a deciding influence on the future prospects of the technology industry as well as the growth of communication itself. We will also observe examples of just a few of the logistical, financial and distributional processes that go into the publication of a magazine designed for controlled circulation. Essay #1 Before the invention of the telegraph in 1844 by Samuel Morse and his colleagues, news and messages traveled at a much more laborious and protracted rate....   [tags: Technology ]

Strong Essays
1254 words (3.6 pages)

Essay on The Impact Of Technology On Our Lives

- The institution of the computer, along with the related technologies, has had a major effect on numerous parts of our daily lives. Unluckily, this has not at all times been for the better. Technology is frequently discussed in society as to whether it has a positive or a negative impact on our lives. Various people think that the technology can only cause harm while others toughly support technology as it has made their lives much more enriching and easy than it has been in the past. In my belief both of these opinions are correct to a particular extent, initially I will deal with the positive influences of Information Technology (IT)....   [tags: Technology, Information technology, Computer]

Strong Essays
1670 words (4.8 pages)