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February 23rd, 2009
Capitalism must be moral
by Jeff Guhin

This is great analysis from a Yale grad student:

“At the very root of the crisis is a crisis of confidence in the system,” observed Walker, “proving that capitalism cannot survive without a moral framework.”  She believes the time is finally ripe for ethics education.  “There is more of an ‘aha’ [now] when you speak about ethics.  People are really getting it.  It’s getting to them personally.” As she sees it, the future will hold even more demand for the kind of work she does.  “There will be a backlash.  People will be angry at banks and regulations, which will lead to more regulation, more calls on Congress.  This will increase the demand for ethics consulting and training.”

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