Is Ethical Finance an Oxymoron?
Finance – specifically the voluntary transfer of capital from those who have it to those who need it for the purpose of creating and maintaining a business enterprise which rewards its investors, employees, customers and vendors, and the community at large – is a noble undertaking. Without such a mechanism, human progress would be stagnant, technological advancement erratic, and existing social systems intractable. The willingness of those who dare combined with those willing to accept inordinate, sometimes unknown risks of capital loss, has stimulated enormous benefits for mankind generally, reducing the physical burdens of daily existence, extending life, and inspiring the spirit of adventure. Financial activities are essential, but are they ethical?