Davos Annual Meeting 2009 - Values Behind Market Capitalism

http://www.weforum.org 29.01.2009
The Values behind Market Capitalism
Regulatory and market failures have clearly damaged capitalism, but the ethical and moral lapses that led to those failures will prove to be more pernicious over time.

What ethical and moral concerns need to be addressed to avoid a greater backlash to market capitalism?

Tony Blair, UN Middle East Quartet Representative; Member of the Foundation Board of the World Economic Forum
Stephen Green, Group Chairman, HSBC, United Kingdom
Indra Nooyi, Chairman and Chief Executive Officer, PepsiCo, USA
Shimon Peres, President of Israel
James J. Schiro, Group Chief Executive Officer and Chairman of the Group Management Board, Zurich Financial Services, Switzerland
Jim Wallis, Editor-in-Chief and Chief Executive Officer, Sojourners, USA

Chaired by
Maria Ramos, Group Chief Executive, Transnet, South Africa; Co-Chair of the World Economic Forum Annual Meeting 2009

Category:

News & Politics

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• davos09
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• Blair
• Stephen
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• Shimon
• Peres
• James
• Schiro
• Jim
• Wallis
• Maria
• Ramos

[suprafie]

beaCHParty

[primesoftnz]

Mainstreet is 100% OK? I would 100% disagree with that. Very arrogant!

[kroznot]

why would anyone listen to Tony Blair at this point? It is his ilk that has been driving us into this catastrophe so that they could rule the world. He should shut up. everything that he says in public is a lie.

[budoracle]

Might the religious attitudes of being created in the likeness of god and there the right to rule (and rape) the planet have something to do with it?

One wonders with so many claimed devoted followers of god, (holy sheep of all faiths) why the world continues to be motivated by so much greed and hate of others

[claudelebel55]

According to Barry Long:

Out of our wilful disregard for life came the destructive, human, self-conscious intelligence that created the world. We are very clever, very smart children.

But right from the start we have been takers. With our unfeeling intelligence and selfish greed we took from the mother without consideration until a third of her was reduced to desert, for which we cleverly blamed the elements, .....

[Sandbagger101]

When the few, for so little, take gross amounts of over inflated wages with often self imposed grand bonuses, that the many must suffer, that's when capitalism fails. Self interest indeed.

[Sandbagger101]

All those on the high end wages have the responsibility .."to ask whether they are living by right values". Justify a wage over say £20,000 to $1million pa plus, when the majority who work harder earn well below that, to the detriment of their health which they can then ill afford to pay ensuing health care costs towards.

[Sandbagger101]

The crisis is between Poor Judgement or Fraud? More like non regulation of high end executive wages for the few versus the rest of us on a low wage or below the poverty line