#Morality in Economics

[islamiceconomicsproject]

Moral Reflections on Economics, Vol 4, Issue 2

February 2024 issue of Moral Reflections on Economics is online. It features: Article on Liquidity Risks in Islamic Banks by Salman Ahmed Shaikh Highlights of Al Baraka Forum 2024 by Muhammad Hammad IEP Public Poll results on Al Baraka Forum 2024 Book review of Economics of Prophet Muhammad (pbuh) by Syed Fazlur Rehman Research paper in focus on Cash Waqf in Malaysia by Zaki Ahmad, Mushtaq…

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#Islamic Economics #Islamic Economics Project #Moral Reflections on Economics #Morality in Economics #Social Economics #Values in Economics

[philosophybits]

Wherever there are politics or economics no morality exists.

Friedrich Schlegel, Ideas

#philosophy #quotes #Friedrich Schlegel #Ideas #politics #economics #morality #ethics

[visions--of--collisions]

1, 2, 3 by @plzdldl

#art #spiderverse #hobie brown #miles morales #plzdldl #artists on twitter #punkflower #hobie x miles #finest selection of sillies #obsessed with how loose & sketchy & economic op's art style is #the Shapes of it all ........

[nando161mando]

When criminals run society

#society #trickle down economics #economics #gst #tax #capitalism #poverty #greedy bastards #greedy #greedisthecreed #morals #ethics #ausgov #politas #auspol #tasgov #taspol #australia #neoliberal capitalism #fuck neoliberals #anthony albanese #albanese government #anti capitalist #capitalist hell #capitalist dystopia #capitalist bullshit #class war #classwar #eat the rich #eat the fucking rich

[cephalog0d]

Yeah I'm not done yet.

The thing I keep coming back to is that as much as I'm down to nit-pick things like how characters are written and plot details (and boy are there a whole infestation of nits to pick), what it boils down to is that the basic premise here shouldn't even be happening.

I get they're doing a Thing with Bruce and the after effects of Failsafe and Zur and Insomnia so sure I guess it makes sense to have him acting totally unreasonably. I'm not saying it's a plotline I'm thrilled with, but whatever. This is about everyone else.

You have half a dozen people routinely patrolling in Gotham, who've been doing it for years, who know the city and how it works, who have at least two people who are particularly inclined towards collecting and parsing data for patterns for crime fighting purposes, and none of you noticed anything amiss until Selina called and was like "Hey did you notice my neat new plan I've been doing?"

To that point, in a room full of literal canonical geniuses not a single person has thought to ask any of a dozen very practical questions that occurred to me, a non-genius reader, roughly 10 seconds after reading what The Plan was. Things like, oh, I don't know

How is this going to be a sustainable long-term effort?

For example, what happens when Gotham's wealthiest realize what you're doing and dramatically beef up their security (with tech or with actual people), making it much harder and more dangerous?

Like iirc you, Selina, have definitely had some real dicey situations as a result of your profession, and you're a lot more experienced than these people.

(Hey speaking of which isn't there a whole secret society of Gotham's wealthiest and most powerful who have access to nearly unkillable assassins? Who keeps coming back even though they keep being taken down? You think any of these people might belong to that?)

What happens when the rich folks get pissed and sic the heavily militarized GCPD on you? Don't act like they won't, I'm sure someone's squirreled away stuff from that whole Fear State fiasco.

For that matter, what happens when the costumed villainry figure out who swiped all their henchpeople and decide to object to it, presumably violently?

How many people are we talking here anyway that you're training? How many ultra-wealthy people live in Gotham? How many easily stealable things do they have sitting around to take? (As opposed to, like, other non-liquid fake assets like stocks)

How are you fencing all this anyway? Isn't that a great way to get caught? Or is everyone just stealing cash? (Or did nobody think about the part between "got the valuable thing" and "have usable money from it"?)

How on god's green earth did you ever assume this was going to end in anything other than violence?

Like of course one of your guys got killed. It doesn't matter that you told them no violence, even if they fully buy into that it only takes one panicked reaction when someone's home who shouldn't be, on either side, and there you go.

Look I get what they're trying to do. It's supposed to be a big moral quandary about whether it's right to allow some crime if it decreases other crime, the struggle between Batman being unreasonably violent and unwilling to listen and this new plan of Selina's. First of all that's a weird debate to have when everyone having it is technically a criminal to some degree. And second of all, it doesn't matter, this isn't about the morality, this is about how this plan is fucking dumb and was destined to fall apart even if Batman was still asleep and the fact that any of you are buying it just means there's a gas leak in Gotham somewhere.

#maybe i'm totally wrong and there's some secret behind-the-scene plot happening and the plan as presented is just a front #which would not excuse the way all the kids are reacting but would at least get selina off the hook #maybe i'll eat my words later whe it turns out there was some grand plan that totally ties everything together #but right now i'm fucking annoyed at how LITERALLY EVERYONE is being handled in this and i needed to vent #for the record no i'm not at all morally opposed to the ultra-wealthy getting their shit stolen i think that part is fine #i just don't think you should base a sizeable chunk of the city's long-term economic survival on having that as an income #gotham war #comics talk

[shinobicyrus]

Hey, yanno how Climate Change is a real thing that is tangibly, at this moment, affecting our world?

Well it turns out, the wealthy and their investment firms have been seeing the mounting evidence that oil companies have had for decades and are slowly starting to think more long-term about their portfolios in the face of rising sea levels, more extreme weather, and the myriad of ways climate crises are affecting...well. Everything. Maybe this means they invest more into sustainability, green energy, building more resilient infrastructure, or carbon offsets. Some of it, of course, is simple corporate greenwashing, but there are those that are taking this trend and packaging it into something called ESG (Environmental, Social, and corporate Governance).

Now some people would say this is predictable, even sensible. Just the good ol’ Free Market(tm) rationally responding to market forces and a changing world.

But those people would be fools! Insidious fools! For conservative sorcerers have come out with a new cursed phrase to explain this new market trend: Woke Investing.

What makes this investing “woke?” Well, much like how conservatives normally flounder when trying to define a word they stole from black people, “Woke Investing” essentially just means any kind of capital investment that they, the fossil fuel billionaire class and their sycophants, don’t personally profit from.

One of these aforementioned sycophants is Andy Puzder, conservative commentator, fellow at The Heritage Foundation, and former fast-food CEO. He calls this kind of so-called woke investing “socialism in sheep’s clothing,” further explaining in leaked audio of a closed-door meeting:

“My father's generation's challenge was the Nazis, who, by the way, were, of course, very proud socialists[citation fucking needed]. The challenge of my generation was the communists, who were, of course, very committed socialists. The challenge of your generation is ESG investing, and it's more insidious than communism or the Nazis.”(source)

You heard it here first, folks. Not investing as much in fossil fuels is more insidious than the Third Fucking Reich.

As usual, the Heritage Foundation is putting their petro-chemical donor’s money where their mouth is. Bills are being proposed to blacklist banks that don’t invest in key state industries, such as West Virginia coal or Texas oil. Fourteen states have already passed bills to restrict ESG-type investing, with Florida Governor Ron “Bullies Kids for Wearing Masks” Desantis leading the charge.

In other words, Climate Denial has reached such a point that so-called Free Market Conservatives who claim to hate big government are trying to make it illegal for banks, investment firms, and financial institutions to make any financial decisions that acknowledges Climate Change is real.

#of course ESG has also been used to describe any kind of internal corporate action #to increase diversity in the work place or implementing new anti-discrimination policies #(which are usually more performative than actually meaningful but that's a separate issue) #a Republican Presidential candidate #Vivek Ramaswamy #has even made ESG investing his personal bugbear #writing such books as 'Woke Inc' and warning of socially conscious investors ''forcing'' companies they invest in #to devote resources to environmental and social policies that are anathema to the right #which is just...a brand new invented crisis by a political movement #in constant need of a crisis to rally their base and justify for draconian legal controls #to favor certain industries and undercut their competition #all under the guise of red scare-type moral and economic panic #ESG #Woke Politics #Climate Change #Capitalism #Republicans #Investment

[tropylium]

There's several incredibly easy criticisms, but I feel the concept of "corporate greed" becomes particularly incoherent when used to explain the prices of something having only just now gone up

you think corporations only invented greed last week and simply had not thought to raise prices anytime earlier?

#economics #greed #'greed' is for leftists basically what 'laziness' is for authoritarians #a non-explanation whose function is to moralize rather than understand #hm also that's two “deadly sins”. lessee if we can rope more of them into this #'lust' yeah is kind of a boogeyman of conservatives #'wrath' / 'hate' a boogeyman of… anyone too deep into politics #pride-as-a-boogeyman = Law of Jante #gluttony-as-a-boogeyman = naïve fatphobia and some weirder types of anti-consumerism #idk envy. honestly I think envy might actually exist

[thatveganwhiterose]

The biggest issue I see with anti-vegans on tumblr is the fact that at the end of the day, they literally do not understand what veganism actually is.

This is why it’s so frustrating, ultimately, regardless if the person is a troll or may mean well. Vegans are working with the actual definition of veganism whereas anti-vegans or non-vegans are not.

So again: Veganism is a political, ethical, philosophical, and moral movement that centers around not using animals as far as is practical and possible for one’s situation.

Veganism is not about being plant based, though it is a component of it that covers food consumption. It has nothing to do with capitalism or any economic system, though these things often intersect with one another.

I am begging non-vegans of all walks of life to please understand this. Veganism is a social justice movement.

#vegan #animal rights #veganism #go vegan #social justice #morals #ethics #philosophy #politics #economics #me #personal #thatveganwhiterose

[racefortheironthrone]

Would you say that “A Christmas Carol” was the anti capitalist story many see it as today? Or is it better thought of as a lament for the decline of noblesse oblige in favour of early stage capitalism and a call for the capitalists to be more like the (imagined) nobles of old?

I'm not as much a Dickens-head as some other folks on Tumblr, but my interpretation is that "A Christmas Carol" is a critique of miserly capitalism. Rather than living a life of plutocratic excess, Scrooge just accumulates for the sake of accumulation rather than using his money to enjoy life and to help others enjoy their lives - which in turn would enrich his own.

So yes, I think "noblesse oblige" comes close to what Dickens was going for. Dickens was the furthest thing from a radical, and what he ultimately wanted was for rich people to be charitable and generous to the poor.

I think the term we're actually looking for here is a phrase that EP Thompson coined: "moral economy." As fully elaborated in a classic article, "The Moral Economy of the English Crowd in the Eighteenth Century," moral economy is an ideology of the socially and culturally appropriate uses of money and economic power (and vice versa the inappropriate misues of the same) - one that doesn't quite rise to the level of full Marxist revolutionary socialism, but inspires mass action against members of the elite who violate custom and tradition.

#nobility #capitalism #moral economy #history of economic thought #political economy #christmas carol #charles dickens #ep thompson #social history #cultural history #merchants

[quasi-normalcy]

I know that people are able to care about multiple things at once, yadda yadda, but I just suddenly found myself struck by the absolute cosmic idiocy of debating the morality of fiction while the only real world is drowning in evil.

#saw a gif of a starving child #i could see every bone in his spine; every rib in his breast #and it is emblazoned into my memory #how could anyone do that to another human being? #how could entire systems of politics and economics and war be set up with the express aim of inflicting such suffering? #how could anyone just FORGET that they're the same as every other human on earth? #how could anyone just FORGET their moral responsibilities to their neighbours their siblings their family #what is WRONG with everyone? #is it problematic? WHO GIVES A FUCK! #you're worried about evil seeping into your mind through a computer screen when it's bubbling up through the floorboards #just a hot black tar smothering all light and love #and you expect me to care about duties of care to fictional people FUCK YOU

[dailymarx]

The perpetual fluctuation of prices completely deprives trade of its last vestige of morality... In this continuous up-and-down, everyone must seek to hit upon the most favourable moment for purchase and sale; everyone must become a speculator – that is to say, must reap where he has not sown; must enrich himself at the expense of others, must calculate on the misfortune of others, or let chance win for him.

Engels, 1844

#morality #economics #capitalism #karl marx #marxism #finance #speculation #engels

[mostlikelyshutup]

the worst part about being a fat woman with an eating disorder is that if you offered a chance for me to be thin, i know i would take it in a second, and i also know that it comes both from a place of insecurity and ed thinking but also very real oppression as a fat woman

#its so frustrating to know #that although it does not make me a good or bad person and it doesnt make my life somehow so much better to be thin #but that as a fat woman my life is made exponentially harder because i am fat #like there is no moral or personal reasons to want to be thin and societally acceptable looking #but there is social reasons that i would love to be thin #social and economic tbh because thin people get all the good clothes #so its like yeah do i think being thin would improve my life? kindve #because i dont think i would be much happier than rn #but i do think it would be easier to live in the day to day #the things i consider now because i am fat in a world that makes thin people the better people??? #my life would be so much easier without having to make those considerations #anyway lmao #ed vent #i guess #fat vent #fat #k mumbles #tell me if i need to tag anything else tbh #ed mention

[dontmean2bepoliticalbut]

#us politics #2022 #twitter #tweet #sen. bernie sanders #Vermont #tax the billionaires #tax the rich #tax the 1% #tax the wealthy #eat the fucking rich #eat the rich #economy #economics #morality #wealth hoarding #wealth inequality

[zvaigzdelasas]

Progressive Liberalism is a very nice idea but is simply missing the huevos to call for the constitutionally uncontested single-party rule that would be necessary to actually implement it's advertised goals

#one thing u can say for places like singapore is they barely wear that mask #the mask is a formality for PAP rly #note on terminology - PAP being progressive liberals doesnt mean theyre 'good' #its just like how they justify their rule. all representative political parties need some measure of 'progress' for their base #progressive liberalism here meaning roughly appealing to workers on primarily economic issues #doesnt mean theyre great on that but in comparison to most capitalist economies in the area 🤷‍♂️ #but id say singapore is probably objectively closer to being socialist in structure than like. sweden #which is again - a low bar #& the class character of PAP isnt proletarian afaict so its rly like a progressive bonapartist regime #'regime' here being used morally neutrally #also obv a lot of historical & geographic contingency that makes singapore not like immediately replicable #also relations to malaysia & malay-chinese communists etc etc #also! #doesnt mean PAP are 'leftist'! #none of these terms are meant in moral terms #bonapartist regimes tend to be ideological pastiches deeply tinted by the personal predisposition of the founder & class forces at the time

[weil-weil-lautre]

I maintain that there are two elements in our society which can block Nixon’s strategy and they are the labor movement and the minorities, particularly the blacks. I, therefore, say to the young people in the YPSL: You ought to recognize that economic progress is the basis for maintaining our coalition—that we are going to win because we emphasize, above all others, the economic issues in this society. Because there is no possibility for black people making progress if we emphasize only race. [We must emphasize the fact that the civil rights problem is at heart an economic problem.] You can psychoanalyze every white person in the United States until he comes out pristine pure tomorrow morning, filled with love for black people—and that will not provide jobs for blacks or build housing. That is a political task which we must face.

Bayard Rustin, “Socialism or Moralism?”

#bayard rustin #rustin #socialism #moralism #economics #quote

[athetos]

I finished Exordia and I think I need to lay down for a few days. What a fucking masterpiece, as expected from Seth Dickinson. What am I supposed to do now? Nothing matters. Nobody is in serendure with me. Does anyone want to be in serendure with me.

#please read exordia. please. #read exordia and then baru cormorant so we can be in serendure #you will not regret it…. best books ever…. thought provoking… dissections of morality… #politics + economics + physics + neuroscience + math +++++ #there’s DYKES!!! hello!!!! is this thing on!!! THERES DYKES!!!! #there are HOT BUTCHES!!!!!!!!’ are you listening!!!!!! #p