The Wolf of Wall Street is a film based on Jordan Belfort, a stockbroker who at a young age after
becoming licensed, mastered the art of money laundering. Within his profession of a stockbroker, he
quickly uses his skills of lying and manipulation to talk people into buying large amounts of penny
stocks. Shortly after, he decides to open up his own stock company with friends who he has specifically
chosen to build what comes to be one of the largest companies on Wall Street. Each one of his friends is
either good with numbers, good at selling, good at convincing, or overall good at getting money. They use
their skills to coerce their clients. Illegal routines such as as insider trading, money laundering, …show more content…
Because each
associate is said to have 50% commission, an affluenza effect within the company soon becomes to be an
issue affecting both employees and therefore the drive of the company. Affluenza, which is known to be,
“an unsustainable addiction to economic growth” (PBS) was the main cause to all of the actions under
Jordan Belfort and his associates. The addiction that grows within the movie fosters an environment
where money is the sole purpose of life and one must do everything and anything in order to get more.
From the money comes unlimited access to drugs, sex and anything a man can desire. It becomes a cycle
upon which Jordan Belfort feels empowered enough to avoid any form of ethics. Belfort actually
succeeds in being sober for two years after he and his wife nearly died from an accident.
Thinking ethically, I believe they should have considered leaving the firm and all of its illegal
actions a lot earlier when addictions were becoming life threatening. When their daily lives consisted of
making money illegally, doing drugs, having sex with prostitutes, getting a penicillin shot, and …show more content…
He was still using his skills but in this case he was helping others and not only thinking about the
profit for himself. Unfortunately, his issues weren’t entirely fixed and there was a settlement paid by the
Belfort to the government but eventually he served 4 years in prison. I feel like this could have been
avoided if they would have initially dealt with the ethical issues first hand.
There were no concerns for any of their clients in The Wolf of Wall Street. The three ethical
frameworks of utilitarianism, deontology and virtue were completely thrown out of the window in this
case and therefore couldn’t be considered. John Mackey’s myth of companies wanting to solely maximize
profit becomes true in this case. The brokers of Oakmont Company lie and cheat people in multiple
business aspects. Referring back to the ethical framework of deontology, a world could not function
properly if everyone lied, committed fraud, and laundered money such as they did. In the eyes of
Aristotle, Jordan Belfort would be considered to have no sense of the golden mean and only the sense of
excessiveness which is what he prided the success of his company