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November 08, 2011


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Interesting and well written post Chris. I agree with your conclusions. The problem doesn't seem to be new either. Plato records Socrates discussing morality as superior to self interest with Thrasymachus in 'Republic'.

Socrates excellent reasoning illuminates how moral and ethical behaviour are not only desirable in themselves but are actually functionally superior. That is to say ethical and moral behaviours produce better businesses which are both socially beneficial and more sustainable in their profitability.

I do hope those folks in the banking community, who you have rightly highlighted, get the opportunity to create a real and lasting change in culture though I think government and regulation have an appropriate part to play as well.

Mike Parker

Jim Ford


As a Christian myself, I found your article very thought provoking. The question of whether it is religion or culture is a fascinating one. One could argue that the Ten Commandments were counter cultural in their original setting, but I would see them as religion. Religion and secularism are both cultures at one level in that they are a way of thinking. My deepest concerns is the present day assumption that religion is "wrong" and secularism is "right". Philosophically that position is untenable.

Interestingly thetre is one area of China at the moment where the success of the local econommy is put down to the fact that most of the business peope are Christians. There is an atmosphere of trust and honesty in the business environment which allows transactions to be done securely and in the knowledge that no-one will be cheated

Neil Burton

A number of suppliers to the banking industry have trusts through which they channel a % of profits to good causes. Here's one, I am sure there are lots more: http://www.eacg.co.uk/eacg-foundation/

Frank in midtown

Simply put, the protesters are participants in the market place of ideas engaged in the never-ending debate over the recognition of social costs of private commerce. Business men are loathe to recognize social costs, just as we are loathe to pay for our share of social goods. With the subprime crisis the social costs have become unacceptably high. Only the select few can be happy with privatized profits coupled with socialized losses.

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