{
    "success": true,
    "data": {
        "id": 1187579,
        "msgid": "social-ethics-will-affect-economy-marie-1447893297",
        "date": "1995-09-04 00:00:00",
        "title": "Social ethics will affect economy: Mar'ie",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Social ethics will affect economy: Mar'ie BANDUNG (JP): Minister of Finance Mar'ie Muhammad, departing from his usual area of expertise, stressed over the weekend that high ethical standards can strongly influence the efficiency of an economy. Mar'ie told a gathering with the faculty members of the Bandung Institute of Technology that discussions about efficiency usually deal with economic factors, science and technology.",
        "content": "<p>Social ethics will affect economy: Mar'ie<\/p>\n<p>BANDUNG (JP): Minister of Finance Mar'ie Muhammad, departing<br>\nfrom his usual area of expertise, stressed over the weekend that<br>\nhigh ethical standards can strongly influence the efficiency of<br>\nan economy.<\/p>\n<p>Mar'ie told a gathering with the faculty members of the<br>\nBandung Institute of Technology that discussions about efficiency<br>\nusually deal with economic factors, science and technology.<\/p>\n<p>\"But one should not forget that social ethics or public<br>\nmorality also play a great role in influencing the level of<br>\neconomic efficiency,\" he pointed out.<\/p>\n<p>However good a system may be, he added, it inherently has<br>\nweaknesses or loopholes which can be exploited by those who do<br>\nnot uphold social ethics as the rules of conduct.<\/p>\n<p>Example<\/p>\n<p>Mar'ie cited as an example the practice of certain businesses<br>\nmarking up the prices of their projects in order to obtain bigger<br>\nloans or to rake in as much profit as possible.<\/p>\n<p>He conceded that laws and rules with clearly-defined penalties<br>\nare needed.<\/p>\n<p>\"But we will never have a law that someone cannot get around,\"<br>\nhe asserted, reaffirming the vital role of social ethics as an<br>\ninner power for self-restraint.<\/p>\n<p>Mar'ie devoted the greatest portion of his speech entitled<br>\nIndonesia Facing the 21st Century to the role of social ethics in<br>\ntoday's increasingly globalized economy.<\/p>\n<p>\"You may wonder why a finance minister is talking about ethics<br>\nand not about financial figures, the state budget and other<br>\nfiscal matters. You may also get the impression that I am<br>\nsermonizing and moralizing. I am sorry if I disappoint you,\" he<br>\nsaid.<\/p>\n<p>The participants who apparently saw Mar'ie's remarks as a<br>\nvoice of conscience and common sense instead cheered and asked<br>\nhim to go on with his lively speech.<\/p>\n<p>Mar'ie argued, though, that in light of so many scientific and<br>\ntechnological advances that have brought about\" so many changes<br>\nto our livelihood it is wise for us to occasionally contemplate<br>\nthe real meaning of our lives.\"<\/p>\n<p>He noted that ethical standards are even more imperative in<br>\nthose people holding positions of authority or the ones whose<br>\nactions affect the fate of others.<\/p>\n<p>He said if those leaders (in politics, society or business)<br>\nabuse their power, many will fall victim.<\/p>\n<p>\"Since the authority held by a public leader concerns the<br>\npublic, any abuse of that power will harm the public and<br>\nconsequently increase the costs of the national economy,\" Mar'ie<br>\npointed out.<\/p>\n<p>He referred to the high standards of moral character expected<br>\nfrom the leaders or public figures in western Europe, the United<br>\nStates and Japan.<\/p>\n<p>\"Even though in our view the people in western Europe and the<br>\nUnited States are suffering from moral decadence, their leaders<br>\nuphold high standards of social ethics,\" he said.<\/p>\n<p>He acknowledged that such a condition is possible partly<br>\nbecause of their accountability to the people.<\/p>\n<p>\"But my point is that their leaders are always subject to and<br>\nmust always uphold very high standards of public morality,\"<br>\nMar'ie added.<\/p>\n<p>Mar'ie's remarks were welcomed by many, especially in light of<br>\nthe increasing allegations of greedy businessmen being engaged in<br>\ncorrupt business practices, collusion and other activities<br>\nleading to further social and economic inequities.<\/p>\n<p>Standards<\/p>\n<p>According to Mar'ie, high ethical standards are particularly<br>\nimperative in Indonesia due to the paternalistic nature of this<br>\nsociety.<\/p>\n<p>\"The people follow their leaders and see their leaders or<br>\nelders as the role models.\"<\/p>\n<p>According to Mar'ie, the same standards are also prerequisites<br>\nfor making poverty alleviation and other programs to reduce<br>\ndisparities in various other fields successful.<\/p>\n<p>His speech also discussed changes in family life, the<br>\nweakening of traditional relationships and the increasing<br>\ntendency of hedonism in urban lifestyles.<\/p>\n<p>He also touched on other factors influencing the dramatic<br>\nprogress in communications and telecommunications technology.<\/p>\n<p>\"I fully realize the severe limitations of a short gathering<br>\nlike this to develop answers to the issues I've raised. But I<br>\nthink a relevant question still serves a function, even if it<br>\ndoesn't get an immediate answer,\" Mar'ie told the applauding<br>\nscholars. (vin)<\/p>\n<p>Materialism -- Page 2<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/social-ethics-will-affect-economy-marie-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}