Friday, December 11, 2009

The Theory of Moral Sentiments

The social cost of this budget in terms of massive unemployment, a definite sharp rise of those in serious poverty, a likely strong rise in emigration, cuts in community services, and its certain effect of increasing housing repossessions will be enormous. Hundreds or even thousands of young unemployed people living in rent allowance accommodation will almost certainly be driven to homelessness.

The reason for this unthinkable harshness has been the government’s pandering to those in the high echelons of international financial markets and large business groups in Ireland.

The reaction from Goldman Sachs (PDF):

Elisabeth Kübler-Ross, the Swiss psychiatrist, set out five stages in the process of dealing with loss: denial, anger, bargaining, depression and acceptance. In the process of coping with its economic loss, Ireland appears to be somewhere between Stage 4 (depression) and Stage 5 (acceptance). By contrast, a number of other Euro-zone economies, in similar positions to Ireland, appear to be stuck somewhere between Stage 1 (denial) and Stage 2 (anger).


2 comments:

  1. Well this remains timeless exploration of human ethics and moral philosophy. When delving into topics like construction technology concepts and rationale assignment samples it's essential to recognize the ethical dimensions that underpin decision-making in the construction industry.

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  2. This influential book explores how individuals form judgments about what is right and wrong, focusing on the role of sympathy and our innate ability to understand and share the feelings of others.

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