FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3008615160> ?p ?o ?g. }

• W3008615160 endingPage "15" @default.
• W3008615160 startingPage "6" @default.
• W3008615160 abstract "This is one of the last sentences in the highly controversial and disruptivebook Swimming with Sharks1 (2015) by the Dutch anthropologistand investigative journalist Joris Luyendijk. If nothing else, it characterizesthe current state of the public debate about the issue of moralityin the global banking sector. Consensus has been reached about whatexactly happened during the 2008 financial crisis and its aftermath.2There is less agreement, however, on who should be blamed for thedestructive events. According to a commonly held view among bankers,it seems as if everyone had a part to play in the build-up of the events– not just bankers but also politicians, financial regulators and evenordinary citizens. Bankers may be portrayed as scapegoats but since weall kept dancing while the music was playing3, at least some leniency ispermitted.Luyendijk partly endorses this argument when he claims the stigmatizationof bankers as ‘greedy bastards’ is misguided. Instead of targetingbankers as morally corrupt individuals, one should look at the systemof banking as a whole. He argues the banking sector is subject to influencesfrom an amoral system, in which bankers internalize behaviorthat does not include any moral considerations. In a world of zero jobsecurity, for instance, bankers tend to lose empathy for their colleaguesand clients. Knowing this, it becomes clear how the sale of high-risk,complex financial products like subprime mortgages was perceived tobe permissible.Yet, the existence of an amoral system is only one way of lookingat the lack of morality in the banking sector. In this essay, I claim thatthe lack of morality can additionally be explained by way of dysfunctionalconscience on an individual level. Dysfunctional conscience canroughly be defined as lacking the ability to reflect on one’s own behaviorand judge whether it is morally permissible or not. A key aspectof a dysfunctional conscience is low moral self-awareness. Low moralself-awareness implies a high degree of moral disengagement, whichshould be perceived as a psychological mechanism that results in a person’sdisengagement with his or her moral considerations. Applyingthis mechanism of moral disengagement to the practices described byLuyendijk (2015), I will argue that bankers are prone to exhibit poormoral self-awareness. This in turn indicates the conscience of individualbankers to be dysfunctional as moral self-awareness is indispensableto a well-functioning conscience.4 Thus, besides systemic amoral factors,the lack of morality in the banking sector can also be explainedby individual dysfunctional conscience. Admittedly, both explanationsinteract and overlap to some degree, but it is nevertheless useful for theparticipants in the debate – and especially policy makers involved in thereform of the financial sector – to identify both systemic and individualcauses of amorality." @default.
• W3008615160 created "2020-03-06" @default.
• W3008615160 creator A5053239664 @default.
• W3008615160 date "2016-12-01" @default.
• W3008615160 modified "2023-09-23" @default.
• W3008615160 title "Amorality and Banking" @default.
• W3008615160 hasPublicationYear "2016" @default.
• W3008615160 type Work @default.
• W3008615160 sameAs 3008615160 @default.
• W3008615160 citedByCount "0" @default.
• W3008615160 crossrefType "journal-article" @default.
• W3008615160 hasAuthorship W3008615160A5053239664 @default.
• W3008615160 hasConcept C111472728 @default.
• W3008615160 hasConcept C136815107 @default.
• W3008615160 hasConcept C138885662 @default.
• W3008615160 hasConcept C162324750 @default.
• W3008615160 hasConcept C17744445 @default.
• W3008615160 hasConcept C185592680 @default.
• W3008615160 hasConcept C190253527 @default.
• W3008615160 hasConcept C199539241 @default.
• W3008615160 hasConcept C200113983 @default.
• W3008615160 hasConcept C55493867 @default.
• W3008615160 hasConcept C98184364 @default.
• W3008615160 hasConceptScore W3008615160C111472728 @default.
• W3008615160 hasConceptScore W3008615160C136815107 @default.
• W3008615160 hasConceptScore W3008615160C138885662 @default.
• W3008615160 hasConceptScore W3008615160C162324750 @default.
• W3008615160 hasConceptScore W3008615160C17744445 @default.
• W3008615160 hasConceptScore W3008615160C185592680 @default.
• W3008615160 hasConceptScore W3008615160C190253527 @default.
• W3008615160 hasConceptScore W3008615160C199539241 @default.
• W3008615160 hasConceptScore W3008615160C200113983 @default.
• W3008615160 hasConceptScore W3008615160C55493867 @default.
• W3008615160 hasConceptScore W3008615160C98184364 @default.
• W3008615160 hasLocation W30086151601 @default.
• W3008615160 hasOpenAccess W3008615160 @default.
• W3008615160 hasPrimaryLocation W30086151601 @default.
• W3008615160 hasRelatedWork W102786169 @default.
• W3008615160 hasRelatedWork W145103558 @default.
• W3008615160 hasRelatedWork W1489801063 @default.
• W3008615160 hasRelatedWork W1567086240 @default.
• W3008615160 hasRelatedWork W159986785 @default.
• W3008615160 hasRelatedWork W1997070714 @default.
• W3008615160 hasRelatedWork W2015250833 @default.
• W3008615160 hasRelatedWork W2055833532 @default.
• W3008615160 hasRelatedWork W2090802932 @default.
• W3008615160 hasRelatedWork W2096507945 @default.
• W3008615160 hasRelatedWork W2323608467 @default.
• W3008615160 hasRelatedWork W2368479424 @default.
• W3008615160 hasRelatedWork W2488289968 @default.
• W3008615160 hasRelatedWork W2493355060 @default.
• W3008615160 hasRelatedWork W2499977727 @default.
• W3008615160 hasRelatedWork W3013724578 @default.
• W3008615160 hasRelatedWork W3149320634 @default.
• W3008615160 hasRelatedWork W344626201 @default.
• W3008615160 hasRelatedWork W9594711 @default.
• W3008615160 hasRelatedWork W186934464 @default.
• W3008615160 hasVolume "11" @default.
• W3008615160 isParatext "false" @default.
• W3008615160 isRetracted "false" @default.
• W3008615160 magId "3008615160" @default.
• W3008615160 workType "article" @default.