1. Ethical Analysis of the Bernard Madoff Investment Scandal
Utilitarianism has "a shared goal of the common good at its heart, [while taking into account the] long-term consequences or the prosperity of society, [and] it entails nurturing moral education in culture by developing social concern in individuals" (Gustafson, 2013). What is ironic is that one of the scheme tactics that Madoff utilized was advocating for the common good by assuring his clients that their investments will be safe and would benefit both him and the client. ... In summary, in the battle of the greater and/or common good, individualism prevailed in Madoff's case....
- Word Count: 2330
- Approx Pages: 9
- Has Bibliography
- Grade Level: Undergraduate