New book: Chris Skinner discusses Are bankers good or bad for society?

Written by Ashwin Rattan Wednesday, 04 January 2012 16:15
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Searching Finance is delighted to announce, that we are, very 'soon' (meaning this quarter, but can't say exactly when) to be publishing Chris Skinner's Are bankers good or bad for society?

Here's an abstract

This book argues that bankers are good for society if the constraints that regulate them direct bankers to behave for the good of society. 

It makes clear that banking keeps society civilised as, without such controls, we would have anarchy and war. 

It argues that bankers historically have been constrained by religious shackles that, through the fear of God, made bankers behave appropriately. 

It asks what bankers fear today and whether the moral compass and lessening of religious beliefs is one reason why bankers have been bad.  After all, the love of money is the root of all evil. 

The book concludes that for bankers to be good for society, they have to have a fear of retribution and a strong moral compass.  This will happen as the American culture of casino capitalism is replaced by an Asian culture of community-based consensus combined with Islamic finance influences.

So there you have it. 

Forthcoming from Searching Finance: Are bankers good or bad for society? by Chris Skinner (probably Feb 2012)
Last modified on Wednesday, 04 January 2012 16:28

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