Tadit Anderson
08-01-2007, 04:47 PM
This is the link to a very excellent article by Richard C. Cook regarding
the moral choices of economic policies.
"The Morality of Economics: The Key Issue of the Twentyfirst Century"
the full article is at:
http://intellibriefs.blogspot.com/2007/07/morality-of-economics-key-issue-of.html
by Richard C. Cook
Global Research, July 29, 2007
Since January 2007, Global Research and other forums have published a
series of articles by this writer on the urgent need for economic and
monetary reform.
Some readers have commented on how distant these monetary reform
recommendations are from current practice. The reason for this is simply
that the recommendations derive from a starting point that is not
customary.
This starting point is that human morality should be the essential factor
in analyzing and making economic policy decisions. In other words, an
economic system should reflect what is good and right, not just what those
in power choose to dictate or the compromises that can be worked out by
the balance of power in some political equation.
Economic decisions, as they are made presently within the United States
and elsewhere, reflect the standpoint of a moral outlook that is
critically defective. This is what must be changed, not just mechanics.
For the past quarter century, economic life, under the rubric of
globalization, has increasingly been based on such overt or covert
precepts as, “survival of the fittest,” “privatization,” “might makes
right,” “money talks,” “whoever has the gold rules,” and “let the buyer
beware.”
All are basically reflections of the profit motive vs. any ideal of
charity, compassion, or service. Indeed, mention of such lofty motivations
is even likely to evoke sneers among self-anointed “realists.” But the
fact is that laws and practices have been increasingly marked by greed for
gain by some at the expense of everyone else, which is an indicator of a
society-wide relapse into barbarism.
The full article is continued at:
http://intellibriefs.blogspot.com/2007/07/morality-of-economics-key-issue-of.html
This post transferred from the cdb-l mailing list
the moral choices of economic policies.
"The Morality of Economics: The Key Issue of the Twentyfirst Century"
the full article is at:
http://intellibriefs.blogspot.com/2007/07/morality-of-economics-key-issue-of.html
by Richard C. Cook
Global Research, July 29, 2007
Since January 2007, Global Research and other forums have published a
series of articles by this writer on the urgent need for economic and
monetary reform.
Some readers have commented on how distant these monetary reform
recommendations are from current practice. The reason for this is simply
that the recommendations derive from a starting point that is not
customary.
This starting point is that human morality should be the essential factor
in analyzing and making economic policy decisions. In other words, an
economic system should reflect what is good and right, not just what those
in power choose to dictate or the compromises that can be worked out by
the balance of power in some political equation.
Economic decisions, as they are made presently within the United States
and elsewhere, reflect the standpoint of a moral outlook that is
critically defective. This is what must be changed, not just mechanics.
For the past quarter century, economic life, under the rubric of
globalization, has increasingly been based on such overt or covert
precepts as, “survival of the fittest,” “privatization,” “might makes
right,” “money talks,” “whoever has the gold rules,” and “let the buyer
beware.”
All are basically reflections of the profit motive vs. any ideal of
charity, compassion, or service. Indeed, mention of such lofty motivations
is even likely to evoke sneers among self-anointed “realists.” But the
fact is that laws and practices have been increasingly marked by greed for
gain by some at the expense of everyone else, which is an indicator of a
society-wide relapse into barbarism.
The full article is continued at:
http://intellibriefs.blogspot.com/2007/07/morality-of-economics-key-issue-of.html
This post transferred from the cdb-l mailing list