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In Search for a New Balance: The Ethical Dimension of the Crisis

In: The Role of Large Enterprises in Democracy and Society

Author

Listed:
  • Wojciech Gasparski
  • Anna Lewicka-Strzalecka
  • Boleslaw Rok
  • Dariusz Bak

Abstract

In his book, Business Fairy Tales: Grim Realities of Fictitious Financial Reporting (2006), Cecil W. Jackson quotes the words of Arthur Levitt, the former Chairman of the Securities and Exchange Commission (SEC), who draws attention to the habitual behaviours that lie in the grey zone; that is, between what is legal and what is not. Illusion wins over honesty, continues the cited author; we are witnessing a specific kind of deception. These words seem to be incredibly prescient, considering the crash on the US financial market. Craftiness turns out to be more valuable than integrity. Is this because — in the words of John Hendry (2004) — we live in a bimoral society? Perhaps not everybody, but rather the ‘developed’ (in terms of what: unreliability or integrity?) societies of highly active economies, though globalization stimulates the attitude of ‘getting as much as possible, as fast as possible, in whatever way’, which does not have a place of origin and continues to spread to remote places in the world.

Suggested Citation

  • Wojciech Gasparski & Anna Lewicka-Strzalecka & Boleslaw Rok & Dariusz Bak, 2010. "In Search for a New Balance: The Ethical Dimension of the Crisis," Palgrave Macmillan Books, in: Barbara Fryzel & Paul H. Dembinski (ed.), The Role of Large Enterprises in Democracy and Society, chapter 14, pages 189-206, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28313-8_14
    DOI: 10.1057/9780230283138_14
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    Cited by:

    1. Ada Domańska & Ewa Więcek-Janka & Robert Zajkowski, 2022. "Implementing Sustainable Development Concept: A Typology of Family Firms in Poland," Sustainability, MDPI, vol. 14(7), pages 1-21, April.

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