"Have corporations lost whatever ethical compass they once had? Or does it just look that way because we are paying more attention than we used to?"
"Last year, the economists Justin Wolfers and Betsey Stevenson from the University of Pennsylvania published a study suggesting that trust in government and business falls when unemployment rises. “Much of the recent decline in confidence — particularly in the financial sector — may simply be a standard response to a cyclical downturn,” they wrote."
Corruption has always, and always will exist. It comes with the imperfection of human beings. However I believe that it's our job and responsibility to address it and restore integrity in the work place. Integrity is something that was once greatly valued, and a man's word was his bond. I feel like we have lost that, and that is a terrible loss. In the place of honesty and trust we have fraud and skepticism. Fortunately there are still companies out there that don't tolerate such behavior and rid themselves of people who would take advantage of the system. We need to use these companies and people as examples of how the rest should be, and expose the corrupt for who and what they are.
The most difficult part of all this is finding the guilty. "As Warren Buffett famously said, 'You only find out who is swimming naked when the tide goes out.'
Company executives are paid to maximize profits, not to behave ethically." In a world of capitalism where the corrupt go to great lengths to cover their tracks how do we find them. It's like a game of cat and mouse. Do we turn to a night time vigilante who takes fighting crime into his own hands? I believe that there is always someone who knows, and it just takes someone willing to speak up. It's only about a million times easier said than done, but if integrity makes a comeback and is prized as greatly as it once was this country will also make a comeback.
Maybe I'm just an idealist and getting back to where we once were is impossible. But at least it's a good idea.
Bibliography
http://www.nytimes.com/2012/07/11/business/economy/the-spreading-scourge-of-corporate-corruption.html?_r=0
http://www.wanttoknow.info/corporatecorruptionnewsstories-0-10000
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