chewybrian wrote: ↑February 8th, 2022, 5:24 am
People are not just one more tool to be put to use or one more obstacle to be overcome. They need to be treated as ends, not means, if we are ever going to build a society that works in the long run. The fact that we have learned the equations of finance does not allow us to ignore all the other realities of life. It is a convenient lie of finance that we have a duty to ignore 'externalities'--if an outcome is 'external' to the profit and loss analysis, it is never our concern.
No, there is no duty to ignore externalities. On the contrary, there is a duty to avoid them, and when they occur, to mitigate them. But you seem not to understand what an
externality is: it is a consequence of private transaction which imposes some sort of cost, or loss, on parties not involved in the transaction:
"In economics, an externality is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity."
https://en.wikipedia.org/wiki/Externality
Workers are parties to every employment contract, which contract they have freely entered into. Thus what they are paid, and any costs that may ensue to either party from that contract, are not "externalities."
As for treating workers as means, yes, employers treat their employees as means to their ends. Employees likewise treat their employer as a means to
their ends. Employees have no more concern for the welfare of their employers than the employer does for their welfare, which, for both, is usually limited to the effect the other's welfare will have on their own (such as an employee being sick and unable to work, or an employer going out of business).
The Kantian formulation of that principle, the "categorical imperative," holds that one must never treat other persons as
means only, but also as ends. Both parties to a contract satisfy the latter clause by recognizing that the other also has interests, and hence they must reach an agreement satisfactory to both.
It makes me realize how far we are from building a just society, and that we may never get any closer to doing so when so many lack empathy.
Well, you're still enmeshed in the organic fallacy, idealizing a social structure lost to history and unrecoverable. This universal empathy you long for is not realizable in a racially, religiously, and culturally pluralistic, individualized, civilized society, which is a "society of strangers." That longing is an atavism, and efforts to re-create it by force are inevitably destructive.
A just society, BTW, is not a materially equal society. It is one in which each person receives what he is due, i.e., what he earned or otherwise merits:
"1. Honorable and fair in one's dealings and actions: a just ruler.
"2. Consistent with what is morally right; righteous: a just cause.
"3. Properly due or merited: just deserts."
https://www.ahdictionary.com/word/search.html?q=just