Our ill-conceived economic system, grounded in the assumption that people are pleasure-seeking/pain-avoiding intelligent animals--not human beings inherently seeking further human development--and bent on maximizing profit, not making quality goods and services, is actually detrimental to the wellbeing of society. It should be evident to most that our current situation is simply the effects of such a shortsighted system. The root of our problem is deeper than the actions of investment banks and politicians--it is systemic. We mustn't attend to the symptoms and ignore the cause. It is not the way of the wise to depend on regulation to curb the inevitable greed fostered by an egoistic economic system. Clearly we need an economy that serves all in society, one where quality is the aim and jobs bring joy.
The concern for growth in profit cannot lead to progress . Progress is not adequately served if the probability of profitable gain is the only or dominant decision-making criterion in business. Is it time to accept the challenge and take responsibility for changing our experiences by changing the business of business and thus our economics, or is it best to wait for someone to save us from us?
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