Lack of accountability breeds misconduct from "summary" of The Money Culture by Michael Lewis
The idea that no one is responsible for anything is a dangerous one. It creates an environment where anything goes, where individuals can act with impunity, knowing that there will be no consequences for their actions. When no one is held accountable, misconduct becomes the norm, rather than the exception. People begin to push the boundaries, to see what they can get away with, knowing that there will be no repercussions.
This lack of accountability is particularly prevalent in industries where there is a lot of money at stake. In the world of finance, for example, where billions of dollars can change hands in the blink of an eye, the temptation to cut corners, to bend the rules, can be overwhelming. And when there is no one there to say...
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