The Ethics of Capitalism - Social Europe Journal
The Ethics of Capitalism - Social Europe Journal
The Ethics of Capitalism - Social Europe Journal
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
New from Palgrave Macmillan<br />
For more information please visit:<br />
www.palgrave.com/politics<br />
impact upon the entire EU<br />
and weakens its position as a<br />
global player.<br />
Conclusion<br />
<strong>The</strong> financial and economic crisis<br />
currently inflicted upon us<br />
will not end tomorrow. While<br />
revealing the defects <strong>of</strong> the current<br />
capitalist system, it is providing<br />
a rare opportunity to<br />
explore enlightened concepts for<br />
shaping our globalised world.<br />
Globalisation is more than an<br />
economic fact; it is a way <strong>of</strong> life<br />
and a necessity when it comes<br />
to addressing fundamental<br />
issues such as the sustainability<br />
<strong>of</strong> our planet. In order for globalisation<br />
to work effectively and<br />
in the best interest <strong>of</strong> mankind,<br />
it must be protected from the<br />
excesses <strong>of</strong> freewheeling capitalism<br />
and its financial industry in<br />
its current ugly form. Changes<br />
in global governance – corporate<br />
as well as public – are both necessary<br />
and feasible. Time is ripe,<br />
but the opportunity must be<br />
seized courageously by socialists<br />
and social democrats.<br />
Otherwise, the predominance <strong>of</strong><br />
the capitalist thinking in modern<br />
society will keep growing<br />
bigger, polluting even the last<br />
corners <strong>of</strong> independent social<br />
and intellectual life.<br />
36 <strong>Social</strong> <strong>Europe</strong> <strong>Journal</strong> Summer 2009