Consumers Losing Faith in Business

The article itself from BNET is a little self paroding talking about Business as the engine of recovery that people ought to look up to and respect but worries that it will take time to regain that respect. You think! This is what happens when business ethics disappear in the search for greater profits. This is what happens when the next quarter’s profits are the only measure of success and not what kind of people we are.

For many people talking about business ethics is just a brief joke, something whose existence is as likely as the Easter bunny. We can do better. No longer can business ethics be taught as a search for ways to avoid public relations problems but a search for what is good and right in all men in all ages.

From the article: Pay is part of the problem but the discontent goes wider. Four out of five people don’t trust business leaders to put the needs of staff or shareholders above their personal interests, according to Edelman’s Trust Barometer. A similar proportion think business ethics have deteriorated.

For years the workers and middle class have been the targets of bad legislation and exploitation by increased costs from banks, internet providers, and health insurance. A vulture culture devoted to worshiping the predator is not conducive to business ethics. It is conducive to lip service and a superficial appearance of compliance with the values of society. This is a great country with an amazing history of accomplishment. We can do better.

http://blogs.bnet.co.uk/sterling-performance/2009/10/29/why-nobody-trusts-business-anymore/