Trading Floor

The Trading Floor features comments, feedback and insight submitted by Marketplace sources. Help advise us about stories we’re working on, discuss the news of the day, and share your insight by joining the Public Insight Network.

FEATURED QUERY: Do you rely on tips for a living? Tell us more

RSS

Discuss

Will your ethics survive the recession?

Query
  • Posted by Jo Easton
  • on June 9, 2009 11:51 AM

Okay, maybe it’s a stretch. Or maybe it’s not! Desperate times can call for desperate measures, and for someone looking to protect their job, family or business these may well be desperate times.

We’re looking for stories from you — our listeners and our Public Insight Network — of any time you’ve been motivated for financial reasons to make a morally or ethically questionable choice.

You can leave a comment on the blog, but if you want to talk to us privately (and so we have the info we need to contact you if we have questions), use this questionnaire instead. Tell us: will your morals survive the recession?

Discussion: 2 Comments

  • Posted by Jay Lacke on June 9, 2009 1:06 PM

    If you have morals, they will survive the recession. If it’s situational ethics that you have, they won’t, because the situation has drastically changed. What may really change is the probability that your actions will be consonant with your morals, in which case what might not survive is your integrity.

  • Posted by ben on June 9, 2009 6:30 PM

    Might I suggest the moral issue and recession problem are actually one in the same! By this I mean if one was not greedy and introspective to start off with, then these “morals” would not have allowed an individual to make a reckless economic choices in the first place.

    I’m not part of any evangelical community, or a “believer” in the traditional sense, but IMHO what is happening now in the economy and the credit markets should come as no surprise because to paraphrase GALATIANS 6:7-9, society as a whole is reaping what was planted.

    Sad to say, but its just plain old human nature to have expectations that cannot be balanced against the harsh reality. Those individuals who recognize this fact, and have “morals” will greatly improve their chances to survive this economic recession, compared to those individuals who have no “moral” compass and did not even consider the possibility of an economic downturn in the first place.

    Because this question was posed in an an “economics” context, I’d go even further and suggest that the non-greedy, introspective “moral” individual might even see a few economic opportunites in this recession. Again its all about how one frames the problem, an unimaginative amoral individual most likely would not have seen the looming problems, and right now only has a sour taste in their mouth because of the recession. BUT given lots of sour lemons, the “moral” realist might find a way to make lemonade!

Inform the news

Overheard on the Trading Floor