[jaybrendansmith]

A great essay. I would say this is 'business ethics' for certain. It is not typically personal ethics, nor Christian or Muslim ethics. But this describes better than anything I have read what happens to every corporation, eventually. Bean counters and ombsbudsmen vs operators, day 1 vs day 2, all comes down to this. If you are CEO, you must always side with the operator, the 'man in the arena'. It is difficult to do it but that's what your authority is for. Where this falls into serious trouble is with externalities. For this we still do need strong regulators.