There was widespread disgust about the proposed salary increase of one million Euros for the Dutch ING chairman. The proposal was withdrawn following public pressure. But it has confirmed that the bankers are still out of touch with reality.
Tag: Joris Luyendijk
Due to the inclusion of unwritten laws, surviving from the Stone Age, the (pre-Hammurabi) Sumerian legal system was surprisingly liberal. We can still learn from it, now that our system has caused the ethical dimension to wither – with dire consequences.
Joris Luyendijk, who has thoroughly analysed the world of bankers in London, argues that bankers can behave amorally because they only check whether their behaviour is permitted by law. Yet they definitely do violate the moral basis of law.