I see Lloyds have been recently fined for mis-selling insurance policies to customers and forcing staff to do so. It seems that bankers never learn. It reminded me of a report on the news recently about the RBS charging huge fees and interest to small businesses and forcing them into receivership in order to strip their assets. My husband said, as he often does in such cases; “well, were they doing anything illegal?”
I told him I need to get him a moral compass for Christmas, and it seems there are a bunch of bankers who could use one too.
Now hubby reckons he is kidding when he makes his comment; I am not convinced. Many a true word said in jest as they say. There is a website: http://www.moralcompass.org where you can assess your own moral compass. Actually there are a bunch of websites, but I chose this one. I turned out to be a traditional progressive, which looking at their results is where the majority of people doing the survey were placed.
“Traditional Progressives:When making decisions involving people close to them and all others, Traditional Progressives tend to act selflessly, using the needs of others as a point of reference.
We’ve called this quadrant the Traditional Progressives because it reestablishes the historical and common sense belief that all progress is the result of individuals cooperating freely for the benefit of all, guided by a morality based on selflessness and humility. It reaffirms that the traditional moral point of reference as the needs of others always. It is diametrically opposed to the New Progressives.”
so if the majority of people end up in this quadrant, why do we seem to have lost our way in the western world when it comes to morals? Greed and selfishness seems to rule.
Maybe the greedy and selfish are not to be found filling in surveys on moral compasses, as their own compass is long lost.
The news followed up with a documentary about the bankers and the era of selling products nobody understood, and fewer needed. Probably this documentary was shown long ago in the Uk, but it takes a while to get to us here. Shareholder expectations and personal greed powered by big bonuses seemed to be the main reason for the excesses of this era.
Shareholder expectations and the profit motive is what spurs all quoted companies. So maybe we need to also buy all shareholders, especially the big powerful corporate ones a moral compass for Christmas.