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Why is it commonplace for traditional Western economic thinking in defense of the free market and capitalism to tend to ignore the ethical implication and moral consequences of business practices, and to give little attention to the moral justification of free market practices and capitalism? On the other hand, why is it commonplace for Buddhism, Confucianism, and Hinduism to make a priority of understanding the moral consequences of business practices, and to give serious consideration to the moral justification of the free market and capitalism?
The Western and Eastern spheres of the world have been in conflict practically forever. ... Given all the differences between the East and the West, is it any wonder these difference come through in the business world? Eastern and Western businesses handle things much differently; the whole system is different. The Western business world is focused on capitalism and free market, while the Eastern business world gives more consideration for moral obligations and consequences.
As with most things, religion is a key reason for the differences between the Eastern and Western business worlds. Eastern religions include Buddhism, Confucianism and Hinduism. ... Being a Buddhist would affect how you raise your children, how you live your life and yes even how you run your business.
The main Western religion, Christianity, lacks this consistency.
Approximate Word count = 1069
Approximate Pages = 4.3
(250 words per page double spaced)
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