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Business Ethics
Export capital for production abroad
In terms of the egoism ethical theory, no limitations whatsoever should be imposed on the export of capital for production in a foreign location. This is simply for the fact that international players ought to be allowed to make any decision is likely to generate a positive outcome. If restrictions are imposed, the right for individual or organizational prosperity is broken. Despite the arguments that limitations protect national industries in the outsourcing countries, fact remains that the egoism theory points out how each individual and entity should be allowed and able to follow its own interest without restrictions.
Export commodities which have been banned from sale in the United States
Similar to the egoism theory, the libertarianism philosophy also promotes increased rights for all individuals and organizations and strives to reduce or even eliminate the role and power of the state as an institution. In this light of events, the fact that the United States has banned the distribution of several products across its territory could be perceived as a political decision. Yet, given the situation in which this decision cannot be overruled, it is necessary, under the libertarianism theory, to allow the same products to be distributed to other regions, without the imposition of any constraints.
3. Export commodities which have the potential for misuse. Specifically, did Nestle act irresponsibly in marketing infant formula to the third world?
The answer for this question is again a strong No, as the state should not become involved in market operations. Under the libertarianism theory, the role of the state is minimal and the political field is not to become involved in business decisions. Whilst the decision is in fact disputable in ethical terms, according to libertarianism, every consumption decision is to be made by individuals and the distributors and manufacturers should only be constrained by their clients, not by political regulations.
Sources used:
Machan, T.R., 2006, Libertarianism defended, Ashgate Publishing Ltd., ISBN 0754652165
However, the issue is more nuanced -- what if, as a humanitarian effort, a pharmaceutical company sold recently expired drugs at very low cost to an impoverished developing nation in the grips of an epidemic? What if a food company donated food that was safe but 'past its expiration date' to a famine-stricken nation? In this case, a utilitarian calculus would support such exchanges. The balance between the benefit of
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