Why is the Debt Ceiling Crisis a Business Ethics Crisis?

Because there are several serious business ethical questions involved.

We simply be in this mess without astroturfing by corporate interests. That is immoral. Creating apparently grass roots public groups with corporate money and then launching it at opponents as if it weren’t the financing corporation is blatant deception.

The hard right wing candidates would have had a great deal more difficulty getting elected without last minute infusions of corporate cash made possible by the Supreme Court’s Citizen’s United decision. The idea that a corporation is the equivalent of a person in terms of political and free speech activity is more political comedy than rational thinking. The concept that a corporation with forty billion dollars it can allocate to a political campaign should be on the same footing as a actual human being who on the average makes about 34,000 dollars a year in this country is a concept whose only value is a massive shift in political power and that is what is happening. American citizens are increasingly insignificant in the political realm. The decision was immoral. It placed the interests of powerful corporations above that of humanity.

The current economic crisis was caused by financial profiteering. Without this current depression, there would have been a great deal more tax revenue. Besides the practice of “disaster” conservatism, where any economic disaster can be exploited to impose financial hardship on the middle class, would not have been possible. Financial profiteering is immoral. It is also illegal but you couldn’t tell it by the actions of “our” government.

I can go on – blatant manipulation of our laws to directly divert public money into corporate coffers – outsourcing – avoidance of taxes – and on and on. All of these and more created our current impasse and are destroying the ability of middle class Americans to own homes, provide for their children, have stable retirements or too survive financially day to day.

We have a crisis in this government but the moral and ethical crisis of the businesses of this nation are root and branch of the problem.

We would not be in this situation without rampant ethical and moral failings in the business world. And the corruption has afflicted our government and there seems little hope of a cure.

James Pilant

One thought on “Why is the Debt Ceiling Crisis a Business Ethics Crisis?

  1. Pingback: Why is the Debt Ceiling Crisis a Business Ethics Crisis … | ybudomafamoc

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