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Hi, I need help in AWA I came across Essay that required to write about Kent's Universalizability. Can Someone please explain in simple terms what does Kent's mean in part A, B, and I.
Applying Kant’s universalizability principle: what would happen if everybody misrepresented the financial health of their company when it was to their advantage to lie?
a)Trust in business dealings that required information about the financial picture would be eroded. Chaos would then ensue since markets cannot operate without trust.
b)Misrepresentation would be impossible since no one would be able to have the requisite levels of trust that are required for misrepresentation.
i)Because trust is so central to the operation of markets even the appearance of impropriety is damaging. “Only a fool trusts someone who puts themselves in positions where they seem likely to have their integrity compromised.”