The Raven Foundation

randome0008.jpg

 
You are here: Keith Ross
Keith Ross

Keith Ross

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

JavaScript is disabled!
To display this content, you need a JavaScript capable browser.

 

Keith Ross discusses Andrew Sorkin's article in the New York Times called "On Wall Street, a Protest Matures." Do the protesters understand the major fundamental flaw within capitalism? Keith states the flaw within capitalism is that there is no reward for ethical behavior.  Undestanding this would make the protest more effective.
With banks failing and government officials searching for a way to calm investors and prevent a freezing of capital markets, many are wondering how we got into this mess in the first place. While the situation is a complex one, the financial crisis is understandable. One of the goals of this article is to follow the trail of events back to the root cause and explain it all in layman’s terms. But the search for the root cause is complicated by another factor, something that accompanies all crises, and that is the need to assign blame and mete out punishment. If that need dominates over a reasoned analysis, we get scapegoating instead of understanding.