v9n5: Silver on Democracy and MarketsPosted: June 21, 2021
Pandemic Preparation, Democracy, and the Morality of the Market, by David Silver
A COMMENTARY, IN THE BUSINESS ETHICS IN TIMES OF PANDEMIC VIRTUAL SYMPOSIUM
This Commentary investigates ethical issues surrounding the US government’s attempt to partner with a private company to produce a new low-cost ventilator as part of its pandemic preparation plans. I argue that firms have distinct duties with respect to such public-private partnerships. In contrast to approaches that analyze these duties in terms of an “implicit morality” of the market, I analyze them in terms of democratically authorized plans regarding how to structure the market.
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David Silver holds the Chair in Business and Professional Ethics and directs the W. Maurice Young Centre for Applied Ethics in the School of Population and Public Health at the University of British Columbia, with a joint appointment at the Sauder School of Business.