Is Jaina Ethics Still Relevant in this 3rd Millennium Business World?-A Philosophical Introspection

Abstract

The first century of this third millennium has been marked by corporatisation and globalisation of businesses by most of the governments. The cut throat competition compelled the businesses to take part in rat race to secure the larger slice of the profit. In order to stay competitive in this unfettered competition, modern businesses have never gave a second thought before indulging in unethical, sometimes illegal activities. This further raised the issue of consumerism-the protection of the interest of consumers by enforcing various regulations.