Monday, September 7, 2015

America's Immoral Economy: Robert Reich - The rich get richer, You and I get the scraps (If we are lucky)

http://www.alternet.org/media/robert-reich-americas-immoral-economy?akid=13453.294211.zOCPTE&rd=1&src=newsletter1042001&t=10

An economy depends fundamentally on public morality; some shared standards about what sorts of activities are impermissible because they so fundamentally violate trust that they threaten to undermine the social fabric.
It is ironic that at a time the Republican presidential candidates and state legislators are furiously focusing on private morality – what people do in their bedrooms, contraception, abortion, gay marriage – we are experiencing a far more significant crisis in public morality.
We’ve witnessed over the last two decades in the United States a steady decline in the willingness of people in leading positions in the private sector – on Wall Street and in large corporations especially – to maintain minimum standards of public morality. They seek the highest profits and highest compensation for themselves regardless of social consequences.

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