JAI SHAH BIG ESSAY 2 - PRICE OF MORALITY IN BUSINESS

In the long run therefore we are doomed our economic

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Unformatted text preview: s more hypocrisy than I'm willing to swallow.’ Investors, subconsciously, are also sacrificing their morals and ethics for a price: the price of a larger house or new car. Therefore, with both consumers and producers blaming each other, we enter a search for the true culprit. But is there one? The problem has arisen because there is no accountability for the actions of either of the two parties. During the crisis, for example, none of the major CEOs of the big ‘Wall Street’ investment banks were prosecuted. Moreover, none of the consumers were held responsible for their credit based livelihoods. The self- interest that is stimulated in both producers and consumers minds, without accountability, leads to a business environment where there is se...
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This document was uploaded on 03/02/2014.

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