ETHC 280 Quiz: Morality, Money, and Freedom
- According to Nash, economic freedom has serious consequences for political freedom.
- According to Nash, it is immoral that workers have a much smaller portion of the profits than the entrepreneur.
- According to Nash, both capitalist and socialist nations have exploited weaker nations. He rejects the idea that exploitation is some how more natural to capitalism than it is to socialism.
- Nash accepts the viewpoint that capitalism panders to greed, and thinks greed is a good thing.
- According to Nash, the pursuit of prot must be rooted in selfishness.
- According to Nash, the free market can be used by both moral and immoral people
- According to Hayek, in a country where the sole employer is the State, opposition mean debate
- According to Hayek, offering the security of income in one section of a society increases the insecurity of the rest.
- According to Hayek, policies which hand out security, to one group, and then another, create conditions in which a striving for security begin to outweigh a love of freedom.
- According to Hayek, an increase in public or government employment as a proportion of the total economy leads to the inevitable lose of freedom.