It’s assumed that the market and banks are ethically and morally neutral, but they’re not, according to panellists at this Religion Media Centre briefing. They discussed the ethical position underpinning the finance industry to improve society, to make people better off – and they concluded that this goal is not working. The ethics on display in the current UK financial turmoil are negative – lack of justice, less love for the neighbour, personal independence at the expense of communities, decisions without evidence and a democratic deficit. Ruth Peacock hosted this panel on 11 October 2022, with guests:
- Eve Poole, former Third Church Estates Commissioner
- Rachel Muers, Professor of Theology University of Edinburgh
- Rachael Saunders, deputy director Institute of Business Ethics
- Nick Silver, economist , director of Callund Consulting and Trustee of the think tank Radix UK
- Omar Shaikh, Managing Director of the Global Ethical Finance Initiative
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Report: Ethics do underpin financial decisions. So where’s the justice of trickle-down economics?
“How do you put the goodness of blessing into an Excel sheet? It’s something beyond simple economics” – Omar Shaikh
FULL BRIEFING YOUTUBE VIDEO
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