Adam Smith saw the greed of modern capitalism for what it was - a form of destructive ambition that may have favorable effects on the productive capacities of society, but which is of no direct benefit to anyone - not even to the greedy themselves, whose illusory chase after a will-o-the-wisp leaves them morally bankrupt and unhappy.
Allen W. WoodThe problem I see with utilitarianism, or any form of consequentialism, is not that it gets the wrong answers to moral questions. I think just about any moral theory, worked out intelligently, and applied with good judgment, would get just about the same results as any other.
Allen W. WoodWhat I most fear now is that within a century or so there may not be any human future at all.
Allen W. WoodKantian ethical theory distinguishes three levels: First, that of a fundamental principle (the categorical imperative, formulated in three main ways in Kant's Groundwork); second, a set of duties, not deduced from but derived from this principle, by way of its interpretation or specification, its application to the general conditions of human life - which Kant does in the Doctrine of virtue, the second main part of the Metaphysics of Morals; and then finally an act of judgment, through which these duties are applied to particular cases.
Allen W. WoodMarx is thought of as an implacable foe of capitalism. But go back and read the first section of the Communist Manifesto. Notice how it contains a paean of praise for the way capitalism and the bourgeoisie have both enriched the human powers of production and also enabled us to see with clear vision the nature of human society and human history.
Allen W. WoodOur decisions need not be seen as resting on procedures that are merely instrumental in making judgments that are reliably truth-tracking. The procedures might be more directly related than that to truths about what is right or good, or about what we ought to do, or to principles that tell us what is true about these matters. And I have no metaphysical theory about the truth-conditions of such truths, except to say that as objective truths, they must be independent of the attitudes, decisions or actions that they are supposed to justify or for which they are to offer reasons.
Allen W. Wood