Ethics
What is an example of selfishness?
Profiteers profit from suffering, and the death of human lives amidst war
Profiteers desire for prolonged conflict/war to maximize returns upon defense stocks
Companies charge high prices for essential supplies or equipment
manufacturers provided clothing for the army that wasn’t made to last
What is the definition of Prolonged Conflict (Longer Wars) in the context of war profiteering?
Some companies benefit from war, which can reduce the pressure to end conflict.
What is war profiteering?
The act of profiting from warfare by selling supplies or weapons to an actively participating side of war.
What is an example of Selflessness?
War drives innovation as more technology is created for war which later brings beneficial civilian uses
Producing War materials provides jobs and stimulates the economy
Profiteering can provide equipment to protect soldiers and citizens
What is the definition of corruption in the context of war profiteering?
Governments may give contracts without fair competition (such as cases involving Blackwater).
What did Thomas Boylston do and what happened to him because of it?
He tried to use wartime measures to drive the prices of sugar and coffee through the roof making it impossible for people to buy.
He was beaten by a group of women from Boston for withholding goods while everyone went hungry.
What is the definition of harm to society in the context of war profiteering?
Money is spent on war instead of schools, healthcare, and public services.
What did Eli Whitney produce to prevent his own bankruptcy?
Muskets for the US Army.