That's an oxymoron.

No it's not. Business is a non-moralistic action. People can be immoral doing business, but business itself cannot.

Also, I happen to know a few very moral and ethical business owners who would rather lose money than screw someone over or do a shady business deal. (and have done this)

Unless that comment is a mea culpa then one must conclude you must have had no life experience as anything other than an employee?