Moral Markets? http://www.moralmarkets.org Portal to Knowledge & Open Debate Sun, 18 Nov 2018 10:18:34 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 New on Our Bookshelf: “Can Democracy Survive Global Capitalism?” http://www.moralmarkets.org/book/can-democracy-survive-global-capitalism/ Sun, 18 Nov 2018 10:05:42 +0000 Ilse Oosterlaken]]> http://www.moralmarkets.org/?p=15014 Ilse Oosterlaken

Ilse Oosterlaken

Robert Kuttner's Can Democracy Survive Global Capitalism? argues that neither trade nor immigration nor technological change is responsible for the harm to workers’ prospects. According to Kuttner raw capitalism strikes at the very foundation of a healthy democracy.

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How Managers Should Respond When Bribes Are Business as Usual https://hbr.org/2018/11/how-managers-should-respond-when-bribes-are-business-as-usual#new_tab Sun, 18 Nov 2018 08:51:37 +0000 Harvard Business Review]]> http://www.moralmarkets.org/?p=15005 Ilse Oosterlaken

Harvard Business Review

"Why do kickbacks continue? According to my own research into dozens of bribery cases and five years of reporting on four continents, it’s because executives believe that their competitors are using bribery as a tool to get ahead, so they must, too. [...] Of course, copying what your competitors do—especially when it is illegal and inefficient – is the opposite of innovative. How can companies kick this habit? After surveying corruption experts and business executives (including one who went to jail for bribery) I identified four strategies."

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Aquinas Looks at Bitcoin; Is There Anything Intrinsically Wrong with Cryptocurrency? https://www.mercatornet.com/features/view/aquinas-looks-at-bitcoin/21939#new_tab Fri, 16 Nov 2018 10:07:16 +0000 http://www.moralmarkets.org/?p=15017 Ilse Oosterlaken

External site

"On the face of it, it's hard to think of two more unrelated subjects than St. Thomas Aquinas (1225-1274), the greatest philosopher of the Middle Ages, and bitcoins, the original blockchain-enabled digital currency that has spawned a flock of imitations and variations. But Aquinas set out some guidelines that can let us at least speculate (so to speak) about what he would say about bitcoins."

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A Tip for Bankers ahead of the Royal Commission: Be More like Doctors https://theconversation.com/a-tip-for-bankers-ahead-of-the-royal-commission-be-more-like-doctors-106927#new_tab Thu, 15 Nov 2018 08:40:31 +0000 The Conversation ("Academic Rigour, Journalistic Flair")]]> http://www.moralmarkets.org/?p=15001 Ilse Oosterlaken

The Conversation ("Academic Rigour, Journalistic Flair")

"The financial services royal commission [of Australia] resumes for its final round of hearings on Monday [...] At issue are shocking abuses of trust, and when the government responds after receiving the report in February it will be under pressure to introduce tighter rules that more closely regulate bankers’ behaviour. There’s another, better, path it could follow. It could loosen the rules and treat bankers more like doctors."

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Whistleblowers Are a Sign of Healthy Companies https://hbr.org/2018/11/research-whistleblowers-are-a-sign-of-healthy-companies#new_tab Wed, 14 Nov 2018 14:25:57 +0000 Harvard Business Review]]> http://www.moralmarkets.org/?p=14957 Ilse Oosterlaken

Harvard Business Review

"Our analysis revealed that whistleblowers—and large numbers of them—are crucial to keeping firms healthy and that functioning internal hotlines are of paramount importance to business goals including profitability. The more employees use internal whistleblowing hotlines, the less lawsuits companies face, and the less money firms pay out in settlements. Our conclusions are in many ways counterintuitive to how many executives manage complaints."

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Invisible Hand Ethics http://www.moralmarkets.org/2018/invisible-hand-ethics/ Wed, 14 Nov 2018 14:07:05 +0000 Thomas Wells]]> http://www.moralmarkets.org/?p=14932 Ilse Oosterlaken

Thomas Wells

"Invisible hand ethics has spread. It can now be found far beyond the economic domain, especially in the professions organised around antagonistic competition, such as politics, science, sport, academia, law, and journalism. [...] When properly set up and understood, invisible hand ethics can dramatically enhance ethical performance. Unfortunately those conditions are increasingly absent."

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The Sharing Economy: How Do We Maintain a Culture of Ownership? http://blog.acton.org/archives/104680-the-sharing-economy-how-do-we-maintain-a-culture-of-ownership.html#new_tab Tue, 13 Nov 2018 14:56:58 +0000 Acton Institute for the Study of Religion and Liberty]]> http://www.moralmarkets.org/?p=14966 Ilse Oosterlaken

Acton Institute for the Study of Religion and Liberty

"A society with low ownership poses problems that are largely psychological—infantilizing us and diminishing our ability and capacity to own and cultivate and steward. But it also introduces significant risks to personal freedom and autonomy, consolidating power and control in products or solutions that are increasingly central to our daily lives while never actually belonging to us."

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Book on Steinhoff’s Demise Shows Danger of ‘Big Men’ Business Leaders https://theconversation.com/book-on-steinhoffs-demise-shows-danger-of-big-men-business-leaders-106732#new_tab Tue, 13 Nov 2018 14:31:35 +0000 The Conversation ("Academic Rigour, Journalistic Flair")]]> http://www.moralmarkets.org/?p=14961 Ilse Oosterlaken

The Conversation ("Academic Rigour, Journalistic Flair")

"The collapse of Steinhoff International, the multi-billion dollar global business group, has been rightly described as the biggest corporate scandal in South African history. The company’s history, and its subsequent evolution and demise, are skillfully told in a new book, Steinhoff: Inside SA’s Biggest Corporate Crash. [...] the book provides valuable insights and lessons that are universally applicable and comparable. It must be made compulsory reading in corporate boardrooms and business schools."

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Must Financial Regulation Come from the State? The History of Self-Regulating Markets http://www.moralmarkets.org/2018/must-financial-regulation-come-from-the-state-the-history-of-self-regulating-markets/ Wed, 07 Nov 2018 10:53:28 +0000 Acton Institute for the Study of Religion and Liberty]]> http://www.moralmarkets.org/?p=14764 Ilse Oosterlaken

Acton Institute for the Study of Religion and Liberty

"Despite the fact that there is little evidence for this proposition, it is widely held that deregulation of financial markets caused the financial crisis. [...] If only the extraordinary history of regulatory institutions that arise from within markets themselves were appreciated, there might be less of a tendency to rush to the assumption that government bureaucracies should be the main regulators of financial markets."

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Ego Is the Enemy of Good Leadership https://hbr.org/2018/11/ego-is-the-enemy-of-good-leadership#new_tab Wed, 07 Nov 2018 09:51:23 +0000 Harvard Business Review]]> http://www.moralmarkets.org/?p=14750 Ilse Oosterlaken

Harvard Business Review

"Breaking free of an overly protective or inflated ego and avoiding the leadership bubble is an important and challenging job. It requires selflessness, reflection, and courage. Here are a few tips that will help you."

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