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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
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Nov 8, 2011