I was reading an article by Prof. Ray Kinsella from UCD in the Irish Examiner last evening about corporate governance etc. Most of it was pretty standard stuff about the need for increased regulation etc.
Then, bizarrely, towards the end of the article he started blaming shareholder capitalism and how deviating from the teachings of the holy books of Christianity, Islam and Judaism lead us into this mess.
The article is not on the Examiner website but some searching revealed a similar article from May:
irishtimes.com/newspaper/opi … 50188.html
**"There is a very rich body of literature centred on the common good, which reflects the Christian approach to business, and a very practical one it is. Had the “masters of the universe” who precipitated such carnage on the financial markets even a passing acquaintance with the teachings of the Koran, then the world economy would be in a much more stable position than is currently the case.
For Orthodox Jews, the first question they will be asked when they confront their Creator is: “How did you conduct your business affairs?” The Torah and also the Talmud provides an astonishingly prescriptive and detailed guide to conducting business affairs not alone in terms of the law, but more importantly the principle of the law. Tsedek (fairness and justness) and chessed (goodness) provide the foundation for all business activities within Judaism. They require that one follow not alone the letter of the law, but also its spirit of the law ( Lifnim Mishurat Hadin )."**
The Examiner article yesterday was much more trenchant than this. There could be an increase in religious extremism in the West if this economic meltdown worsens.