Does working with money make us worse people?
Everyone likes a good royal commission – watching normally unaccountable people give an account of themselves. With all the anger about inequality now, it is especially appealing to see the spectacularly paid elite getting their comeuppance.
But if academic research into the impact money has on ethics is accurate, maybe these financial professionals really couldn’t help themselves. Does working with money actually make us worse people?
We’ve all heard the maxim that “money is the root of all evil” (actually a misquote from the Bible). It’s fallen out of favour in an age of neoliberalism, and my colleagues and I in universities have taught instead that money is merely a way of swapping things, a way of carrying wealth through time, and a common measuring stick for all marketable goods and services.
But a sense of the potentially sinister power of money is making a comeback in psychology studies.
Read the full opinion piece on The Guardian website.