tgoop.com/notesofabdullah/402
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Assalomu alaykum
Otti Vogtd yozgan bu ajoyib xabarni men to‘liq qo‘llab-quvvatlayman. Bu so‘zlarida hozirgi vaqtdagi ko‘plab ijtimoiy va iqtisodiy muammolarning ildizi ochib berilgan. E’tiborlisi shundaki, bu pozitsiya islom iqtisodiy modelning maqsadi bilan to‘liqligicha uyg‘un, ya’ni umumiy manfaatga intilish, ko‘pchilik hisobidan muayyan shaxslarning foydasini ko‘zlash emas.
Biznesda sof foyda hech qachon yakuniy va yagona maqsad bo‘la olmaydi. U biznes barqarorligini ta’minlovchi “zaruriy shart”, lekin mazmuni va maqsadi emas. Muammo shundaki, vaqt o‘tishi bilan bu shart mutlaq darajaga ko‘tarilib, muvaffaqiyatning yagona mezoniga aylantirildi.
Otti xatini o‘qishni va o‘z pozitsiyangiz bilan o‘rtoqlashishni chaqiraman, siz nima deb o‘ylaysiz?
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AN OPEN LETTER TO THE MORALLY BANKRUPT BUSINESS SCHOOLS OF THE WORLD — on the Ethical Illegitimacy of Profit Maximization as the Purpose of Business
To the deans, professors, and curricula architects of the global business academy:
You have failed. For decades, your classrooms have propagated one of the most intellectually incoherent and morally corrosive doctrines of our time: that the purpose of business is to maximize profit. Not to sustain livelihoods. Not to serve society. Not to steward the earth—but to inflate shareholder returns, quarter after quarter, no matter the cost. You taught profit über alles not as ideology, but as law; not as dogma, but reason. You dressed it up in agency theory and efficiency models, sanctified it with the pseudo-ethics of fiduciary duty, and canonised it as the gospel of a managerial elite now structurally blind to justice. What you call value creation is more often value extraction. What you praise as wealth is too often the concentrated reward of externalised suffering.
Let us be clear: profit maximization is not a natural law. It is a late-modern construction—engineered in the wake of deregulation, financialization, and shareholder activism. Smuggled into business schools devoid of historical context, passed off as scientific management while severing business from ethics and masking a raw ideology of power.
No serious moral philosophy—none—endorses profit as supreme aim. Kant’s categorical imperative forbids treating humans as mere means. Aristotle condemned the endless accumulation of money as perversion of human purpose. Confucius warned that li (profit) must never supersede yi (righteousness). Islam permits commerce only within the bounds of social obligation. Christian doctrine demands solidarity and the primacy of the common good. The Mahabharata subordinates artha (material gain) to dharma. Even liberal contractarianism upholds dignity above profitability.
You cannot plead ignorance. From Exxon’s denialism to Purdue Pharma’s death toll: the data has been in for decades. Profit-first models degrade ecosystems, hollow out communities, and entrench structural injustice. As Stiglitz warns, markets left to themselves enrich the few at the expense of many—and where profit is king, democracy must die.
And now? You scramble to bolt ethics onto the same broken chassis. ESG. CSR. “Purpose.” All hollow if they remain subordinate to the balance sheet. It is not enough to ask “what works.” You must ask: what is good? And that requires you to rediscover what you abandoned: the primacy of moral purpose. Business exists to serve life—not the reverse.
Stop grooming technocrats of accumulation. Start forming stewards of the common good. Teach governance as practical wisdom. Teach wealth as a means, never an end. Teach that a good company is not one that profits most—but the one that makes people and societies better.
@chiroylimoliya Until then, let it be said: your theories are not only dumb. They are dangerous.
BY Manguberdi Lapasov | blog
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