Intermediate Business amp Society Lecture 4 Libertarianism Canadian income distribution 2007 CEO earnings in Canada 2010 The 100 highest paid Canadian CEOs earned 84 million on average 27 more than in 2009 ID: 346425
Download Presentation The PPT/PDF document "AP/SOSC 2340/2349 6.o" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
AP/SOSC 2340/2349 6.o
Intermediate Business & Society
Lecture 4: LibertarianismSlide2
Canadian income distribution (2007)Slide3
CEO earnings in Canada (2010)
The 100 highest paid Canadian CEOs earned $8.4 million on average, 27% more than in 2009.
The average salary for a Canadian full-time worker was $44,366, scarcely higher than in 2009-10.
Source
:
http://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2012/01/Canadas%20CEO%20Elite%20100FINAL.pdfSlide4
CEO earnings in Canada (2010)The top 50 CEOs earned 255 more than the average worker in 2010.
In 1995 the top 50 CEOs earned 85 times more than the average worker
.
Of the 100 highest paid CEOs in 2010, 99 were men.Slide5
LibertarianismRobert Nozick
,
Anarchy, State, Utopia
(1974).Slide6
Patterned principles of justice
A principle of justice which envisages a particular (just)
pattern
of distribution to which society’s distribution is to conform.
Examples:
Equality of income and wealth.
Distribution of wealth according to need.
Maximising
social welfare (happiness)Slide7
Historical principles of justiceHistorical principles of justice ask not
whether distribution conforms to a particular pattern but whether distribution came about by just means or through a just process. If it did, then each person is
entitled
to what s/he owns.Slide8
Just acquisition & ownershipOne can justly take ownership of something in two ways:
Through original acquisition,
Through transfer (purchase or receipt as a gift).
Acquiring wealth in these ways
entitles
you to your wealth.Slide9
“Liberty upsets patterns”
Nozick’s
Wilt Chamberlain example.Slide10
Desert and fairness1) Does Wilt Chamberlain deserve his wealth?
2) Does Wilt Chamberlain deserve the talents from which his wealth derives?Slide11
Taxation and the stateWhat is the legitimate role of the state in society?
Minimal state
No moralising legislationSlide12
Freedom of contractShould the government ever prohibit contractual agreements between individuals?
Example: selling parts of bodies.
See next week’s topic: “markets and morals”