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Saturday, December 13, 2014

Advise and Consent: Does Politics Have a Limit?

A film that centers on the U.S. Senate’s role in confirming executive nominations made by the president, Advise and Consent (1962) is arguably about whether moral limits pertain to power.  Put another way, should we expect no-hold barred efforts to manipulate others in the political arena? Personal lives and personal pasts being fair game?  Moreover, is the aim power for its own sake, or the manipulation of others for the sake of a public policy and ultimately the good of the country?

The full essay is at “Advise and Consent” 

Friday, December 12, 2014

Wall Street Writing Its Own Laws on Risky Derivative Trading

In just four years, Wall Street got away with weakening a part of the Dodd-Frank financial reform law, which became law in 2010 to protect the financial system from the excesses that led to the financial crisis in 2008. Wall Street bankers and their lobbyists accomplished their feat by luring members of Congress into a formidable conflict of interest, which I submit could have been obviated.

The full essay is at "Wall Street Writing Its Own Laws"

Thursday, December 11, 2014

Hometown Medical-Office Employees: Human Nature Warping Rational Nature

Plato claims that a psyche well-ordered by reason is just. To the extent that the passions, such as anger and the urge to dominate, are infused in human reasoning, a just order is not possible for members of our species. In dealing with healthcare workers in my hometown, I found what Plato would label as injustice. In fact, reasoning from that case led me to wonder whether justice is even possible.

Monday, December 8, 2014

Private Interests Over the Public Good: Energy Companies Capture an Attorney General

In Wealth of Nations, Adam Smith argues that the aggregation of the preferences of consumers and producers for a given good is in the public interest for the product or service. Often overlooked is Smith’s Theory of Moral Sentiments, in which the famous economist wraps a moral sentiment around the individual preferences, hence hopefully constraining them, albeit voluntarily. Herein lies the rub, for it is shaky to assume that a preference that seeks to maximize itself will voluntarily restrain itself when it rubs up against an ethical limit that is felt. Such a moral constraint is like a semi-permeable membrane in that the sentiment naturally triggered when a person comes on an unethical situation or person can be ignored or acted on.

The full essay is at “Private Interests Over the Public Good.”