Notices
Non Scooby Related Anything Non-Scooby related

Finance is an amoral world.

Thread Tools
 
Search this Thread
 
Old 18 June 2012, 06:01 PM
  #1  
tony de wonderful
Scooby Regular
Thread Starter
 
tony de wonderful's Avatar
 
Join Date: Mar 2010
Posts: 10,329
Likes: 0
Received 0 Likes on 0 Posts
Default Finance is an amoral world.

Really interesting blog article this.

Worth spending 5 mins to read it. Not just about finance but group psychology too.

http://www.guardian.co.uk/commentisf...nd-of-comments
Old 18 June 2012, 06:43 PM
  #2  
Leslie
Scooby Regular
 
Leslie's Avatar
 
Join Date: Aug 2002
Posts: 39,877
Likes: 0
Received 0 Likes on 0 Posts
Default

Working solely with money probably engenders greed in those who do it!

Nothing to write home about anyway!

Les
Old 18 June 2012, 07:41 PM
  #3  
GlesgaKiss
Scooby Regular
 
GlesgaKiss's Avatar
 
Join Date: Dec 2007
Location: Scotland
Posts: 6,284
Likes: 0
Received 4 Likes on 4 Posts
Default

Pseudoscience.
Old 18 June 2012, 07:52 PM
  #4  
tony de wonderful
Scooby Regular
Thread Starter
 
tony de wonderful's Avatar
 
Join Date: Mar 2010
Posts: 10,329
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by GlesgaKiss
Pseudoscience.
Every science is imperfect Glesgakiss. We'll learn nothing if we are dogmatists.
Old 18 June 2012, 08:25 PM
  #5  
GlesgaKiss
Scooby Regular
 
GlesgaKiss's Avatar
 
Join Date: Dec 2007
Location: Scotland
Posts: 6,284
Likes: 0
Received 4 Likes on 4 Posts
Default

How is this in any way scientific though? It's one man's opinion based on his personal experiences.

What does it tell us that we don't already know? Yes, some of the people in these professions and what they do can be viewed as amoral or immoral by people with a particular outlook. But so what?

Group psychology - there must be about a million different narratives you could give to what goes on within a group and where motives lie.

Like I say, pseudoscience given an air of authority.

Last edited by GlesgaKiss; 18 June 2012 at 08:27 PM.
Old 18 June 2012, 08:33 PM
  #6  
tony de wonderful
Scooby Regular
Thread Starter
 
tony de wonderful's Avatar
 
Join Date: Mar 2010
Posts: 10,329
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by GlesgaKiss
It's one man's opinion based on his personal experiences.
What's wrong with that?
Old 19 June 2012, 04:47 PM
  #7  
alloy
Scooby Regular
 
alloy's Avatar
 
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes on 0 Posts
Default

opinions...ar5eholes...everyones got them.....
Old 19 June 2012, 05:23 PM
  #8  
hodgy0_2
Scooby Regular
 
hodgy0_2's Avatar
 
Join Date: Jul 2008
Location: K
Posts: 15,633
Received 21 Likes on 18 Posts
Default

and Audi's
Old 19 June 2012, 05:57 PM
  #9  
tony de wonderful
Scooby Regular
Thread Starter
 
tony de wonderful's Avatar
 
Join Date: Mar 2010
Posts: 10,329
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by alloy
opinions...ar5eholes...everyones got them.....
What do you mean by that alloy?

Any criticism of the financial system can be dismissed as mere opinion?
Old 19 June 2012, 06:30 PM
  #10  
Dedrater
Scooby Regular
 
Dedrater's Avatar
 
Join Date: May 2008
Posts: 3,957
Likes: 0
Received 0 Likes on 0 Posts
Default

Op played fast and loose with the term really interesting in the first post, 0/10 would not read again.
Old 20 June 2012, 10:01 AM
  #11  
Luan Pra bang
Scooby Regular
 
Luan Pra bang's Avatar
 
Join Date: Jan 2004
Posts: 4,207
Likes: 0
Received 0 Likes on 0 Posts
Default

Finance ammoral ? Like that is a surprise to anyone. The specificantion finance is a bit unnecesary, there was a good study relating to stolen bagels showing plenty of people high up in corporations are dishonest and feel entitled to steal . Finance amplifies this as so many in the industry are paid well in excesss of their ability and then feel like they are somehow more special than everyone else which entitles them to ammorality and dishonesty.
Old 20 June 2012, 11:10 AM
  #12  
tony de wonderful
Scooby Regular
Thread Starter
 
tony de wonderful's Avatar
 
Join Date: Mar 2010
Posts: 10,329
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by Luan Pra bang
Finance ammoral ? Like that is a surprise to anyone. The specificantion finance is a bit unnecesary, there was a good study relating to stolen bagels showing plenty of people high up in corporations are dishonest and feel entitled to steal . Finance amplifies this as so many in the industry are paid well in excesss of their ability and then feel like they are somehow more special than everyone else which entitles them to ammorality and dishonesty.
Luan have you got a link to the bagel study? cheers
Old 20 June 2012, 11:50 AM
  #13  
jonc
Scooby Regular
 
jonc's Avatar
 
Join Date: Apr 2002
Posts: 7,635
Likes: 0
Received 18 Likes on 13 Posts
Default

Originally Posted by tony de wonderful
What do you mean by that alloy?

Any criticism of the financial system can be dismissed as mere opinion?
I wouldn't say the article was factual either, more like a load of hyperbole.
Old 20 June 2012, 01:13 PM
  #14  
alloy
Scooby Regular
 
alloy's Avatar
 
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by tony de wonderful
What do you mean by that alloy?

Any criticism of the financial system can be dismissed as mere opinion?
What criticism is there of the financial system? At best this article describes the opportunistic who if they can get away with something will endeavor to get away with something....that is a personality trait that runs through society from the top right down through to the bottom.....
Old 20 June 2012, 07:46 PM
  #15  
Luan Pra bang
Scooby Regular
 
Luan Pra bang's Avatar
 
Join Date: Jan 2004
Posts: 4,207
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by tony de wonderful
Luan have you got a link to the bagel study? cheers
Can't find the study just pages talking about it, the general jist was that a guy who spent 13 years leaving bagels in offices for sale in a honour based system found interesting correlations in who why and when bagels were taken with out being paid for.
Old 20 June 2012, 07:58 PM
  #16  
tony de wonderful
Scooby Regular
Thread Starter
 
tony de wonderful's Avatar
 
Join Date: Mar 2010
Posts: 10,329
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by alloy
What criticism is there of the financial system? At best this article describes the opportunistic who if they can get away with something will endeavor to get away with something....that is a personality trait that runs through society from the top right down through to the bottom.....
I agree but if top of the financial or business world attracts/empowers sociopaths then it explains some of the instability and dysfunction we see, as like in the boys homes these people toxify all they touch and create victims....this is what sociopaths do.

It's a psychologolism of the system, not the only valid point of view but not to be ignored I think.
Old 21 June 2012, 11:42 AM
  #17  
Leslie
Scooby Regular
 
Leslie's Avatar
 
Join Date: Aug 2002
Posts: 39,877
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by tony de wonderful
I agree but if top of the financial or business world attracts/empowers sociopaths then it explains some of the instability and dysfunction we see, as like in the boys homes these people toxify all they touch and create victims....this is what sociopaths do.

It's a psychologolism of the system, not the only valid point of view but not to be ignored I think.
Is that an English word?

Les
Old 21 June 2012, 09:48 PM
  #18  
jods
Scooby Senior
 
jods's Avatar
 
Join Date: Feb 2002
Location: UK
Posts: 6,645
Received 0 Likes on 0 Posts
Default

Psychologism

http://en.wikipedia.org/wiki/Psychologism
Old 24 June 2012, 10:53 AM
  #19  
Leslie
Scooby Regular
 
Leslie's Avatar
 
Join Date: Aug 2002
Posts: 39,877
Likes: 0
Received 0 Likes on 0 Posts
Default

Thanks Jods, it was a new one on me!

TDW certainly seems to have an excellent source of that sort of thing.

Les
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
TECHNOPUG
ScoobyNet General
1
29 November 2015 08:40 AM
Pro-Line Motorsport
ScoobyNet General
9
28 September 2015 09:48 PM
97TURBO
Non Scooby Related
17
12 September 2015 08:35 PM
IntegraR
ScoobyNet General
4
25 April 2001 09:02 PM
Markus
ScoobyNet General
7
18 February 2000 05:03 PM



Quick Reply: Finance is an amoral world.



All times are GMT +1. The time now is 08:48 PM.