Author Archives: David McIlroy

Long-Term Commitments

1
2

Affirmation: Financial services can spread risk and benefits in ways which are good for everyone.  Insurance represents a pooling of risk against life’s tragedies and other uncertainties.  The provision of medium and long term finance enables businesses to grow. Analysis: The financial sector has become self-serving, devoting too many resources to trading for trading’s sake […]

Fair Handling of Resources

2
0

Affirmation: The resources of the world exist for the benefit of everyone in the world. Analysis: Businesses use tax rules and other devices to transfer wealth from one country to another, depriving the countries in which goods are produced and sold of revenue which ought to be expended for the benefit of the people in […]

Responsible Power

1
1

Affirmation: People are more likely to wield power effectively and responsibly when there are effective mechanisms which hold them to account. Analysis: Some businesses, particularly banks, have become too large for anyone to control or understand how they are operating. Action: Businesses which are too big should be taxed more heavily or should be broken […]