The case of Bernie Madoff remains

The case of Bernie Madoff remain to be a controversial construction due to his might to commit two-faced constitutes against individuals and companies whether they whitethorn belong to the upper or middle class. Due to this, the repercussions of is cloakions remain to be a debate due to its seasonableness with the ongoing American fiscal crisis. That is wherefore careful considerations must be make in order to actively find out the parameters of this case and align its practise with normative morals.Looking at this particular case, it can be seen that Madoff conducted what usual economists calls a Ponzi scheme. This system creates conglomerate art entrusts that aim to provide fraudulent information among a client point of view to generate prodigious income and profit (Moore, 2009). This setup forwarded increased sugar on Madoff as he continued to lobby for this act in antithetical sectors. Such accomplishs and so resulted to huge losses as profits promised for clients were unequal to the actual amount (Lezner, 2008).This station to a fault resulted in the furthering negativity for skirt funds as the economy and the lineage market continued to decline and drop. The nurse of the 70-year-old Madoff, widely considered to have the magic shadow as an investor, is a nonher serious fateful eye for the hedge fund constancy and all non-transparent investment vehicles (Lezner, 2008, p. 1). Such brains furthered rethinking how world power have Madoff gained the ability to continue this practice for several(prenominal) years.Analyzing this case on the spot in the realm of moral philosophy, it whitethorn be a intimately portion to repugn about Madoffs ability to act and commit actions that is considered good or big(a). In here the standards and ideals provided by society and the business perspective comes into picture as the hesitancy of whether Madoff should have been a postponement ravel at business firm or in jail. In tilt for thi s scenario, it is internal to denote what normative ethics can provide and shed adequate justification for the actions connected by Madoff.In soul the brokers of normative ethics, it tries to seek and provide theories of how individuals should have intercourse (Moral Philosophy, 2005). This branch tries to explain the parameters of individual actions with the pulmonary tuberculosis of several admissiones that denote different factors touching human lives. By fostering on this element, a careful yet broad approach can be decode if whether or not Madoff should be awaiting trial and verdict in home or jail.Operating on the virtue ethics category, it is essential to look into the parameters of the case such as the plaintiff, how the action was conveyed, and its relevant consequences (Moral Philosophy, 2005). Applying this on Madoffs case, it can be argued that his actions neither constitutes chastely accepted traits nor seek to provide off that can helper improve tribes live s. Since this facet revolves approximately the application of virtues and character, the action portrayed by Madoff does not coincide with the positive traits an individual should posses.Due to this it makes it embarrassing and hard to establish a race towards good. Applying this to the question of where he should be ascertain during trial, virtue ethics would argue that the more or less take into account choice would be waiting verdict in jail. This is because it can help compensate and correspond to the negative set move by Mardoff to his victims. Though this approach also considers undesirable consequences, it is still a manifestation of character that needs to be compensated accordingly (Moral Philosophy, 2005).Likewise, this is chosen because at a lower place the another(prenominal) creator, it can provide several freedoms that Mardoff can enjoy and acquire. By having destiny time in jail during the trial, it leave alone actively address the similar actions conveye d by Mardoff. On the other hand, operating downstairs deontological fashion model, it does not consider the consequences of the act wedded but rather focuses in the ability of whether an action is good or bad (Moral Philosophy, 2005). Operating on this approach, deontologists would argue that the actions committed by Mardoff are not harmonious with what is appropriate of an individual.This element then necessitates the idea that it should promote something that is significant and essential towards what is appointive by rules and standards of any group, organization and society. Thus, the element of whether or not Mardoff should be in jail or low digest arrest is not significant. What is significant for deontologists is establishing that the actions committed by Mardoff are right or wrong in their own essence. Lastly, the condition provided by the consequentialist theory points out the signification of the results created by an action committed by the individual (Moral Philos ophy, 2005).Under this idea, consequentialism in normative ethics is concerned about the positive or negative outcomes of a particular action and how it impacts the creation of another event or situation related to such. It is through this framework that individuals and groups can create the necessary commentary of how it can create actions constituting good or bad. Applying this to the case of Mardoff, consequentialist would argue that the action appropriate for this case is that Mardoff be situated in the jail and await his sentence.This action is significant due to his ability to create consequences that touched many peoples and companys lives. His actions also contributed to the downfall of many industries as his assurances of superior profitability and stability went down the drain. see this, it is notwithstanding justifiable that Mardoff serve in jail due to the large consequences of his actions committed. On the other hand, operating on the other category, allowing Mardof f to stay at home under house arrest will only generate minimal outcomes compared to his actions committed to many.This possibility would only necessitate several freedoms that may not be available speckle in jail. Due to this, this action may not be a viable option from the point of view of consequentialist. To conclude, applying normative ethics in the case of Bernie Mardoff revolves around the action of understanding how his actions constituted good or bad. Under the three different approaches, it can help provide clean insights and understanding of how the concept can be properly addressed and administered accordingly.Due to this, it can comfort a functional framework of version the case of Mardoff in an effective and effective manner. References Lezner, R. (2008) Bernie Madoffs $50 Billion Ponzi Scheme. Retrieved July 13, 2009 from, http//www. forbes. com/2008/12/12/madoff-ponzi-hedge-pf-ii-in_rl_1212croesus_inl. html Moore, M. (2009) Bernie Madoff. Retrieved July 13, 2009 from http//www. time. com/time/specials/packages/ denomination/0,28804,1894410_1893837_1894189,00. html Moral Philosophy (2005) normative Ethics. Retrieved July 13, 2009 from http//www. moralphilosophy. info/normativeethics. html