Reference no: EM131639646

We can even extend this discussion of government intervention to the recent bailout of major financial corporations!! Overall, the concept of utilitarianism also reminds me of the current economic problems we're in, and the incredible government intervention!

For example, many would see the current Federal Reserve decisions as very utilitarian, but also, unethical for the long-term economic health of the United States. For example, under what utilitarian principle can we justify its $30 billion bailout of an investment bank, who merely served the interests of the rich in the first place? Keep in mind that to even become invested in one of these massive hedge funds, an individual must have a net worth of over $5 million, and $1 million of that must be liquid capital. So, in bailing out Bear Stearns, AIG and others, the Fed really bailed out a few very wealthy Americans. Should the average American expect the same?