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ethics Do Statements and Conferences have any effect? Marching for the Common Good. Photo: Killer Carbide by Subramanya Sastry There are a lot of international conferences and worthy statements. Do they have any effect? Have you been personally challenged by any of the statements you have so far read in this Unit? How do you think ethical values can be applied to political and economic life? Do you have examples from your own experience? In his A Global Ethic for Global Politics and Economics, Hans Küng strongly argues the case for a new sense of responsibility. You need, he says:
This certainly is the hope of those who produced the ‘Interfaith Declaration: a Code of Ethics on International Business for Christians, Muslims and Jews’ and the ‘Principles for Business’ of the Caux Round Table. Both statements agree that companies have responsibilities over and above earning profits. This is very important and maximising profit should not be the sole motive of economic activity It is suggested that shareholders should see themselves rather as stakeholders with a responsibility for all who have a stake in a business. Companies should recognise that they have a responsibility to their employees, to customers, to suppliers and financiers, to the community (local and national governments) and also to the owners, shareholders or investors. I would add a responsibility to the environment and some companies now have an environmental audit. Faith communities, which are close to the people, are in a good position to speak for the suppliers, as the low wages paid to many producers of raw material is a scandal. Read: The Greater Common Good by Arundhati Roy
Contents / Introduction / The Golden Rule / Declaration Towards a Global Ethic / New Agenda for Interfaith Work / Developments since 1993 / Statements and Conferences Effects / Practical Results / Dangers / Shared Values in Plural Society / Values Education / Inspiration / Weblinks
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