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The Conventionalist Ethic

The Conventionalist Ethic If you are not breaking the law it is probably ok, is similar to the Theory of Amorality, criticism of the this ethic is the actions in business directly impact the lives of millions of people and therefore that is something that should not be taken lightly, Example, Charles Keeting, 1980’s, SnL scandal, taking funds from middle and lower class elderly people, and promising some sort of retirement fund or pension that would allow them to retire comfortably, financial markets and investors were not as regulated in the 80’s and he was spending money on all sorts of things, such as meeting a guy on the street playing a guitar and decided to pay him 100,000 a year, essentially he was spending the retirement people’s money left and right, technically the law did not say that he could not do all the things he was doing, you cannot be that callous or that cavalier with the retirement savings of elderly people, the law did not exactly state this but many people would say that what he was doing was clearly wrong, this was an example of the conventionalist ethic guiding a bad decision