Social Justice
Categories: Ethics/Morals
Social justice aims to put philosophical concepts of equal access to wealth, health, and opportunity into practice. If our political, economic, and other systems are discriminating against people, social justice aims to level the playing field and right the wrongs.
In an economic sense, social justice can be thought of as fair access to utility. That is: to maximize the well-being for most people in society, utility needs to be spread out among people in a non-discriminatory way. The less discrimination there is against minority groups (by class, race, sex, gender, sexual orientation), the more utility everyone has access to, and the better off society is as a whole.
Also, in the economic sense, discrimination is actually hurtful to the economy. Like in real, hard numbers, it decreases output. So there’s that, too.
To be clear, social justice doesn’t necessarily equate with egalitarianism, socialism, or any other -isms. It’s just about getting justice...righting wrongs...for groups and people who have been wronged by those in power.
Social justice goes waaayyy back, though, before we were even talking about economics. Pretty much every religion has some kind of social justice philosophy...which makes sense, right? Otherwise, why would we ascribe to it?
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Finance: What is a Moral Obligation Bond...7 Views
Finance allah shmoop what is a moral obligation bond So
one of our writers totally messed this one up and
we started a video about promises to pay dentists So
a moral obligation bond is one that gets paid because
well you have good morals or you feel morally obligated
to pay hey if you don't necessarily legally have to
pay it but you're morally obligated Teo do so let's
think about this Hospitals universities do gooder projects of all
shapes and sizes that is on a lone dusty highway
west of omaha a tiny city wants to build a
trucker parking hub with excellent hot dogs clean ish showers
and a mud flap emporium They need three million bucks
to build this thing for the kindly loving truckers while
it's still human beings doing nothing and well on their
own city can't afford it the state realizing how good
this depot would be for commerce in business coming into
and out of the state they decide to guarantee the
bonds of that little city The city is backing it
without reams of paper a forest full of paper sign
contracts or any other major structural legal limits in practice
The bonds air publicized as a gift to the area
and they create extreme embarrassment to the politicos who backed
it Should that bond ever fail That is whoever's managing
the facility and supposed to collect the you know shower
tuition from the truckers stops collecting it and or the
truckers find somewhere else to go with mohr cleanest showers
or this is a municipal moral obligation bond but the
term applies to bonds that are not government backed as
well The holy rollers church of greater baltimore is raising
money to replace all the stained glass windows that have
been broken by you know errant baseball's from the neighboring
field They get each of their congregants toe loan the
church three grand and no they're not passing contracts along
with the collection plate there's nothing in writing saying that
the church will use that money to replace the windows
they promised or because the members let the church get
their dough back The church has a moral obligation to
pay back the money that they were loaned to make
good on their promise and if they default well they'll 00:02:10.823 --> [endTime] have to answer to the big guy in charge