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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