Monday, March 12, 2012

Finance: the moral vs the legal

FT on Sunday March 11, 2012.

Makes me wonder how it is with ours. For sometime there is a yawning disconnect between the moral and the legal here. This is most exaggerated in finance where senior officers know their actions aren't moral, much less praise worthy. Nevertheless they broke no law and so duly went ahead. In fact that is the entry price to continue to be in business.

Singapore is a price taker. It can be very costly morally, socially and eventually politically.

We are not a godless people. Religion is alive here, but the god that is worshiped here is $$$. However we do not call this god by its name. There are no rites or ceremonies around a deity so that we might continue with our professed religions; be it Christianity, Islam, Buddhism, Taoism...

At some point God must run out of patience with us, but probably not before the last godly person does. That could be a long way away. That's amazing grace.

It is clear the world over that the leaves on the trees are changing their color.

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