Saturday, September 24, 2011

Comment to: The Fales Dichotomy of Greed (MarcoBusiness)

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    the abdication of regulatory oversight
    This premise is brought forward and is valid in many respects. However, what
    bothers me is the fact that regardless of any regulation, and its oversight and enforcement, the individual must still take responsibility for their own actions.
    Whether it is on the Macondo drill deck, in the executive offices of the TBTF
    Bank CEO, or the cook at the local dinner – each individual needs to
    understand the consequences of their decisions. Environmental. Social.
    Technical. Financial. Its all the collective action of many individual decisions. Collectively we’ve created this reality. The market behaves exactly as its
    participants bid/sell – figuratively and in reality.


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