I was telling one of my students on Friday how awful it is to write about business ethics. What’s wrong with it? It’s the sheer weight of the wrong doing. You get up in the morning and you scan any news channel and there is business ethical mis-conduct and a lot of it. It’s a daily sometimes hourly, evidence of an ethics catastrophe.
That’s exactly what we have, an ethics catastrophe, a disaster. How did we get here? Obviously there has been business crime in the past. From the Boeing bribery scandal of the mid-60’s to ITT’s offer to finance the Republican National Convention in 1972. But the scale, the continuous bombardment of wrong doing simply wasn’t there. But we have it now, a daily demoralizing drumbeat of ethical lapse.
The business world is trapped in a downward spiral of behavior. First, there is a relativistic view of ethics in which what is right or wrong is a point of view. There is also a similar view that is, that is if an action makes money, it must be good. Further, there is a tendency to think of morals and ethics as only a legal construct – if it’s not illegal, it’s okay to do it. Second, the ability to operate in nations all over the world has dissolved the ties of nationalism, patriotism and brotherhood that commonly tie individuals together in self interest. If you can’t do something legally in one country, you can look around and find a place that will let you do it.
There is no countervailing force. Even after a series of debacles in the financial industry that came a razor’s edge distance from collapsing the world economy, there is no soul searching. In fact, two years later, there is a common perception in the financial industry that there is no need to change anything, not regulations, not personnel, not business structures and definitely, not attitudes.
I, of course, cry out. But I’m pretty far out in the wilderness (way out). But you can rest assured, that the “malefactors of great wealth” are not reading this. (“Malefactors of great wealth” is Franklin Roosevelt’s name for the wall street barons.)
I’m proud that there are others who share my views. I write about them on this blog and on occasion exchange e-mails. It gives me a feeling of participating in a larger movement. I want you to be part of the movement to restore ethics and honor to the business sector.
James Pilant
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