Ethics and Moral in the Current Monetary Crisis

Comment to a lecture of Prof. Hermann Sautter (University of Goettingen) "Moral and Economy - two worlds?" at 13 May 2010 =  http://docs.google.com/View?id=ddtw99b5_388dkhjwzg7

Comment Summary:
What we experience in these weeks = the quick, irrational responses of politicians to regulate the economy with useless so-called "rescue packages" (and these always as burden for the poor, the retired persons, welfare benefit receivers and - in contrast to Greece - regular tax payers) shows well, what Niklas Luhmann has analyzed so convincingly: That politics is unable to regulate the economy.  

Instead we see the well-known pattern: Profits (of houses, derivates, speculation trades etc) are privatized in the area of economy and losses (in the area of the economy) are socialized with horrendous state budget deficits, printing new bank bills thus generating inflation, with tax increases and cuts in the welfare state benefits and pensions and finally with currency devaluation. And the speculations are underway undisturbed:

In this situation it is ridiculous to believe in useless demands for "good will", moral or ethic or categories like: "be smart to each other" or "stay happy". Only one example: Managers are no longer hired to manage but only under the aspect how many workers they can lay off in maximum speed.

Ethic and moral does not fit for analyzing the current global economic reality. No single sentence of Kant or any other ethic philosopher could have avoided the Greek bankruptcy. The high number of Greek tax evaders, the huge corruption in the Greek society, the irresponsible Greek deficit spending, where under the safe umbrella of the euro houses and other speculators could generate guaranteed profits which they transfered quickly to safe offshore tax heavens; a Greek society with an unbelievable high level militarization - to argue against all that with "ethics" or "moral" is naive.
 

If Prof. Sautter really believes in ethic and moral, he should recommend his colleagues at the Athens university and the Greek state church what "ethic" would mean for Greece: a normal solid bankcuptcy, exit from the euro zone, re-introduction of the old Drachme. Then the Greek population can make their state and society solid again with Sautter´s ethical standards without speculating naively towards payments of German and French tax payers which have not generated the current Greek catastrophy. When the Berlin and Paris governments are now acting in quite the opposite direction = by senselessly injecting billions of so-called "rescue" euros into Greece - that will make the next European bankruptcy candidates in the PIGS group like Portugal, Ireland and Spain only smile. 

The Greek economc decline was by no means a Tsunami or earthquake, but was generated on purpose for a long time and partially illegally. To reward those crimes with billions of newly printed euros, thereby bringing other still solid European countries also to the brink of insolvency, that exactly is, to use Sautter´s categories (which I think are nevertheless unfit to analyze the global economy) totally against any moral and ethic.