Economic Ethics and Business Ethics

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Economic ethics involves economic policy and fairness and goes beyond business ethics, profit maximization and shareholder value.

We face an inept and corrupt political and economic system that converts private losses into public losses, normalizes endless war and bank bailouts, transforms education from a right to a privilege, turns democracy, risk and liability upside down and promotes exploiding inequality and generalized insecurity instead of the good life and generalizedf security. Perversion and double standardsd are normalized when the state becomes a trough or errand boy for Wall Street banks (Bill Moyers). Trust and public spirit do not fall from the sky but come when people are treated as participants and not as a manipulable mass.

to read the translated 2009 debate between Chirstoph Blocher and Ulrich Thierlemann, click on

http://portland.indymedia.org/en/2012/04/415191.shtml

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demandside
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Who Should an Economy Serve?

The top one percent own half of all the world's assets. In stark contrast, the bottom fifty percent of the world owns less than one percent. According to the 2014 Global Wealth Report from Credit Suisse, global inequality has surged since the 2008 financial collapse. The report explains that while global wealth has more than doubled since the year 2000, the vast majority of overall growth has gone to those who were already wealthy.

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