The United States depicts what a capitalist nation is, with an economic framework of individual self-interest, and the laws of supply and demand being left in the hands of private owners. In addition, the government does limit the operations of the private owners. The influence of the government on capitalism through regulation on pricing, giving restraints on production and the operations of businesses, will negatively affect the productivity of the economy. It will amount to financial crises and downturns in the economy (Fieser, 2015). On the other hand, socialism is an economic and political hypothetical framework where the government or communal law is utilized to standardize the production, supply and trade (Friedman, 1970) . In a society that practices socialism like Norway, the communal interest would stimulate business as well as overtake individual financial advantage. The guiding standards of government will prevail, with most businesses run and regulated by government to steer up the economy.
Uber does not directly market itself as a transportation company, however, their operations say otherwise. Uber group their stakeholders as independents or third party service givers, as opposed to being referred to as employees. With such positioning, Uber does not commit to compensating overtime, or offering vacations and sick leaves or any other kind of health insurances (Friedman, 1970) . The City’s permit-founded regulatory laws concerning how cars for hire should operate do not limit the company. Uber presents itself as a tech company and they are able to escape the regulations that restrict the operations of vehicles for hire.
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Uber could simply be classified under capitalism whereby if the government interrupts their operations, the economy may deteriorate. Uber would perfectly be working under individual self-interest framework. Uber is very aggressive in branding itself as a Tech Company and not a transportation service, which of course is a business self-interest perspective. Indeed, to some level, the company offers a methodology that links a client with a driver. The eventual intention of a commercial initiative is always earning profits (Fieser, 2015). From this view, it is a psychological aspect that self-interest stimulates the economy upwards. From an ethical standpoint, this aspect is supported.
Uber may be in the category of utilitarianism in the sense that their operations in the nations are more beneficial than otherwise. On the other hand, they are not morally vindicated as far as failing the compensation for overtime hours, sick leaves and other work related expenditures are concerned. The company should be very consistent with their timely payments and reimbursement of work related expenses (Friedman, 1970). The drivers can be monitored once their accounts are active so that the company can deactivate their services in case they suspect a misbehavior.
References
Fieser, J. (2015). Introduction to business ethics [Electronic version]. Retrieved from https://content.ashford.edu/
Friedman, M. (1970). The Social Responsibility of Business is to Increase its Profits. The New York Times Magazine. http://umich.edu/~thecore/doc/Friedman.pdf
"Introducing Virtue Ethics." Youtube , (2019), https://www.youtube.com/watch?v=PHVuzec6s0c&=&feature=youtu.be .
"Kant Ethics." Youtube , (2019), https://www.youtube.com/watch?v=eQcC1qYP08s&=&feature=youtu.be .
"An Introduction to John Stuart Mill's Utilitarianism - A Macat Politics Analysis." Youtube , (2019), https://www.youtube.com/watch?v=6LD5-2oj7DA&=&feature=youtu.be .
