Saturday, May 4, 2013
How Universities Induce Bad Ethics
The mass murder that anti-capitalist, socialist states have engaged in since the days of Lenin pose a much greater threat to ethics than profit making. Since the anti-profit, socialist mentality has turned out to result in serial mass murder (China, Russia, Cuba, North Korea, Nazi Germany), the anti-profit camp needs to address its own moral bankruptcy. That opponents of profit making are in charge of and predominant in education, including in business schools, has led to a confusion between ethics and opposition to capitalism. Since opposition to capitalism has resulted in the world's worst crimes, and universities have led the opposition, universities have created a moral vacuum. Positivism reflects this vacuum. An example is finance theory, which holds that meaningful action is impossible because the market already anticipates all knowledge (rational expectations). For a good description of the workings of socialism in the Nazi (National Socialist) regime in Germany, see Gunter Reiman's Vampire Economy. Because universities are still wedded to primitive, 20th century opposition to profit, they induce bad ethics.