A crisis of ethic proportions

John Bogle, the founder of Vanguard, wrote an insightful editorial in the Wall Street Journal titled A crisis of ethic proportions. It is a very interesting read, in regards to the cause of the economic crisis. While I disagree with Mr. Bogle’s conclusion, it is still a worthwhile analysis. A “fiduciary society” only becomes possible in a culture with an absolute, rather than relative, moral underpinning. Our shift from modernism to post-modernism works against this moral standard.