Ethical lapses undermine trust in institutions from "summary" of The Money Culture by Michael Lewis
Institutions, whether financial or governmental, rely heavily on the trust of the public to function effectively. When ethical lapses occur within these institutions, that trust is eroded, leading to a breakdown in the relationship between the institution and the people it serves. Michael Lewis, in 'The Money Culture', delves into the consequences of such ethical lapses, highlighting how they can have far-reaching effects on society as a whole. He paints a vivid picture of a world where greed and self-interest often take precedence over integrity and honesty, resulting in a culture where unethical behavior is not only tolerated but sometimes even encouraged. As Le...
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