How ethics went west in Big Bang …

by noreply@blogger.com (Revd John P Richardson)

Travelling home on the train on Thursday, I happened to pick up a copy of the Evening Standard. In it was this article (link below) on business ethics, which I think is worth reading in its entirety. One segment in particular, however, stood out.

Before Big Bang the City was a place where occasionally there was a problem when honest firms employed dishonest people. Today that is reversed.
The chronic problem in the City is institutionalised dishonesty, people behaving with as much integrity as is possible but having to live in an environment which puts the firms’ interests before those of the customer, and seeks on a daily basis to separate the customer from as much of his money as it can get away with. Today’s problem is honest people in dishonest firms.

Read the whole here.

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This entry was posted in Banks, Debt, Justice, Law, Politics, The State. Bookmark the permalink.

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