Many business people around the world may not get it well when the issue of excessive profits is touched, however, as a student studying business in information system and would like to venture as a business person; it is essential to elaborate the issue based on the Catholic Social Teachings. There are two fundamental principles in the Catholic Social Teachings that develop on how human beings should carry out themselves in various context in reference to Brady, (2017). In this opinion editorial, it is going to elaborate on the issue of excessive profits in relation to principles of common good and human dignity. Besides that, the editorial is going to recommend how people can solve the problem basing the knowledge on the field of business in information system. The recommendations are directly related to human dignity and the common good. They will benefit everyone in the community.
From the Catholic Social Teachings, human dignity means the state in which every human being views each other as a unique creature. By unique creatures, it means that everyone is treating each other with integrity and respect according to Beyleveld, (2016). One cannot say that he or she is abiding by the Catholic rules without regard to fellow human beings. Human beings resemble God in their unique way and going disrespecting or lacking integrity is a sign of disrespect to the Almighty high. Consequently, the issue of excessive profits is against Catholic Social Teachings. It shows that the individual lacks integrity and some level of honesty in reference to Convey, (2015). The people who pay the excess amount to cater for the profits is fellow human being whom you should act to him or her with integrity. There are various reasons why business people get excess profits in their business. One of the reasons is the increase in demand of the goods, a monopoly in the market and lack of a control system that can regulate the price of products. As a student doing business in an information system, various ways can assist in controlling trade from getting excessive profits and bring back human dignity in society. One of the ways is teaching all the business people on the importance of maintaining integrity in every business. From God’s teachings, one cannot take advantage of the situation and treat other people as wild animals. From human dignity, it is essential to be integral hence good generation to come according to Nishino, (2017). Besides that, one of the things is to ensure that the authority registers all the business to close the room for cheating in prices of goods. There is also an important issue where the government should inform the buyers of the exact cost of a product to avoid the loop of business taking advantage of the situation.
The principle of common good refers to the activities or an action that is advantageous to all members of the society or nation. When business hike prices to get higher profits, it is only beneficial to them and their families; this is against the principle of common good from the Catholic Teachings. Common good requires everyone to benefit from an issue or an institution in the society according to Melé, (2016). If it comes to suffering everyone should suffer and rejoice if there is something good. For the community to realize common good now and in future, the authority can create familiar places that have verified prices for the consumers. These ideas will lock out cartels who want to maximize seasons to get high profits. As a student who is doing a degree in business information system, when the authority gives me an opportunity to serve people, I would advise for one system that monitors prices for businesses according to Westheimer, (2015). It helps to realize common good because there is nobody the business people can exploit to get excess profits.
For one to have a genuine business, he or she must maintain the principle of human dignity and common good illustrated in the Catholic Social Thoughts. The primary target in every market is the customers. However, the business people must know that the customers are God’s creatures and there is a way God wants His beings to coexist. The schools teaching business-related courses should incorporate the Catholic Principles in their syllabus to assist the students to have Christian traits even as they do business.
Beyleveld, D. (2016). Making sense of human dignity. In From reason to practice in bioethics. Manchester University Press.
Brady, B. V. (2017). Essential Catholic Social Thought 2nd edition. Orbis Books.
Convey, J. J. (2015). Catholic Schools and the Common Good. Gravissimum Educationis: Golden Opportunities in American Catholic Education 50 Years after Vatican II, 147.
Melé, D. (2016). Virtues, values, and principles in Catholic social teaching. Handbook of Virtue Ethics in Business and Management, 1-12.
Nishino, M. (2017). Some Reflections on Human Dignity and Human Life. ARCHIV FUR RECHTS-UND SOZIALPHILOSOPHIE, 103(3), 304-321.
Westheimer, J. (2015). What kind of citizen?: Educating our children for the common good. Teachers College Press.
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