Re-building Ethics

A note on the WSJ editorial page called our current situation "a crisis of ethic proportions." The writer, Mr. Bogle, goes on to say, "Substituting 'ethic' for 'epic' is a fine turn of phrase, and it accurately places a heavy responsibility...on a broad deterioration in traditional ethical standards." Rebuilding these standards in an age when "money manager agents...now hold 75% of all shares of public companies" is the solution Mr. Bogle foresees. In reading this, I could not help but be stuck by Pope Benedict XVI's insight in Spe Salvi that "every generation must also make its own contribution to establishing convincing structures of freedom and of good." We must recognize that our grandfathers' and fathers' regulations will not keep us honest, if for no other reason than we must embrace and build them as our own.