Private Enterprise
Posted: Thu Mar 07, 2019 8:24 am
Private Enterprise
A typical definition of this is: Business or industry that is managed by independent companies or private individuals rather than being controlled by the state.
But an ethical definition of private enterprise, or private ownership, may find problems with this. Particularly in an age of globalisation and bodies such as Amazon and Microsoft.
The question is not two sided but three sided.
It is not simply the ownership but the purpose which matters.
The term private is vague, and terms like individual and social should be employed in addition to state.
1/ A business may be owned by the state for its purposes. It may ostensibly be privately owned but serving the state. It may be so all embracing in its scope as to have become the state.
2/ A business may be owned by an individual, or small partnership, purely for their own profit and benefit. Every individual may be a business concern in his own right, for his own benefit, on an egalitarian basis. The proverbial corner shop.
3/ All business may be for social benefit, either managed and nominally owned individually, or managed under the aegis of social control. Society not as individuals in mass, but as individuals corporately and holistically.
A typical definition of this is: Business or industry that is managed by independent companies or private individuals rather than being controlled by the state.
But an ethical definition of private enterprise, or private ownership, may find problems with this. Particularly in an age of globalisation and bodies such as Amazon and Microsoft.
The question is not two sided but three sided.
It is not simply the ownership but the purpose which matters.
The term private is vague, and terms like individual and social should be employed in addition to state.
1/ A business may be owned by the state for its purposes. It may ostensibly be privately owned but serving the state. It may be so all embracing in its scope as to have become the state.
2/ A business may be owned by an individual, or small partnership, purely for their own profit and benefit. Every individual may be a business concern in his own right, for his own benefit, on an egalitarian basis. The proverbial corner shop.
3/ All business may be for social benefit, either managed and nominally owned individually, or managed under the aegis of social control. Society not as individuals in mass, but as individuals corporately and holistically.