No system — capitalism, socialism, whatever — can work without a sense of ethics at its core. No matter what reforms we put in place, without common sense, judgment and an ethical standard, they will prove inadequate. We will never know where the next bubble will form, what the next innovations will look like and where excesses will build up. But we can ask that people steer themselves and their institutions with a greater reliance on a moral compass.Amen to that!
Thursday, June 18, 2009
Ethics and Capitalism
The following quote is from the cover story for the most recent issue of Newsweek (6/22/2009). The article is entitled "The Capitalist Manifesto." It was written by Fareed Zakaria.