Wall Street Movement in the Light of Ethics Research Paper

skirt Street Movement in the Light of Ethics - Research Paper ExampleValues could be defined as the foremost principles of human existence, and they argon concerned with the concept of good and bad, right and wrong, work and responsibility (Hall, Jones, & Raffo, 2004)It could be assumed in the light of above definition, that these are fundamental laws that make us human. This set of value grant same status to everyone in the community, irrespective of gender, color and race. These principles also devote the right to all humans to express their feeling and emotions within the boundaries of federal and regional law, but the approaches, that are applied to do business at Wall Street violated these laws. The scholars have categorized these values in the following typologies.This approach is of conventional nature, and based upon the concept of privileges and obligations oneself must fulfill (Beauchamp & Bowie, 2004). But this potpourri relies on strictness. It uses force through trai ning and educating people to help them become good citizens and then fabricates punishments for those who do not follow the traditional ways. In the case of this kind of value system, people are very much fearful and break the laws, whenever they can. So it is not an effective method in the long run perspective. This illuminate of system soon starts to discriminate among the people, by giving more importance to one factions rights and desires over those of another.The modern set of values is fundamentally based upon the idea of developing a mind of right or wrong in the people, so that they could judge their own actions in the light of faith (Beauchamp & Bowie, 2004), but this approach is firmly linked with the overall economic condition of the nation, because the morality decreases, with the deterioration of economic climate. Modern norms aim at