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Title: Good Value
Subtitle: Reflections on Money, Morality and an Uncertain World
Author: Stephen Green
Narrator: Robert Feifar
Format: Unabridged
Length: 10 hrs
Language: English
Release date: 05-06-15
Publisher: Audible Studios
Genres: Business, Commerce & Economy
Publisher's Summary:
Can one be both an ethical person and an effective businessperson? Stephen Green, an ordained priest and the chairman of HSBC, thinks so. In Good Value, Green retraces the history of the global economy and its financial systems, and shows that while the marketplace has delivered huge advantages to humanity, it has also abandoned over a billion people to extreme poverty, encouraged overconsumption and debt, and ravaged the environment.
How do we reconcile the demands of capitalism with both the common good and our own spiritual and psychological needs as individuals? To answer that, and some of the most vexing questions of our age, Green takes us on a lively and erudite journey through history, looking for lessons in the work of economists and philosophers, businessmen and poets, theologians and novelists, playwrights and political scientists.
An essential business audiobook by a man who is uniquely qualified to write it, Good Value is a timely and persuasive analysis of the most pressing financial and moral questions we face.
Members Reviews:
Religion and Capitalism
For readers interested in how religion informs views of capitalism, this is an excellent example.
No matter what you think of Green's argument, it's a beautifully written and lucid book that ranges widely in history and literature. It's a book not just about financial policy but about living a meaningful, examined life.
As a writer, Green has an eye for the telling factual detail. To cite just one example, on globalization: "I have listened to the work of and Italian composer (Puccini) in a Chinese opera house (in Beijing) designed by a Frenchman (Paul Andreu)."
At its core, though, this is a book about what Green sees as the limits of capitalism and how he hopes to transform it.
Early on, Green quotes Milton Friedman's view that "There is one and only one social responsibility of business - to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."
Green calls that view "dangerously simplistic," and says businesses now "must consider value from the perspective not just of investors, but of customers, employees, suppliers, communities and - increasingly - the environment, too."
Green's own feelings about free-market capitalism are mixed: "At its best, as we have seen, there is no more powerful engine for development and liberation than the market. At its worst, it is a dangerous moral pollutant that nourishes some very poisonous weeds in us."
At time, Green is downright hostile. He quotes Paul: "The love of money is the root of all evil." Money, he writes, has become "the modern Mephistopheles," the servant of Lucifer, the Devil.
What is the alternative? "After 2007-2009, the manifest failure of market fundamentalism and the need for a rebalancing of the world's economy will inevitably be the starting point of a new world order," Green writes.