"Economists have a term for situations in which someone gets rewards but has little or no incentive to avoid risk: a . ...Those who occupy the executive suite and gamble millions of dollars on the lives of others are rarely seen as engaged in morally hazardous conduct. Yet reward without risk is a form of moral hazard that blinds us to the consequences of our acts."
React to this quote
More by David Cay Johnston
See allResonant Thoughts
"I learnt to see philosophical systems in the context of the social milieu which produced them. I therefore learnt to look for social contention in philosophical systems. It is of course possible to se…"
"The people who are regarded as moral luminaries are those who forego ordinary pleasures themselves and find compensation in interfering with the pleasures of others."
Explore Further
Related Quotes
"Never march by flank in front of an army in position. This principle is absolute."
— Napoleon I of France"The essence of a role-playing game is that it is a group, cooperative experience. There is no winning or lo…"
— Gary Gygax"All her principles are based on one idea, namely: That right and morality are not the same for all, that th…"
— Ferdinand Foch"The death of dogma is the birth of morality."
— Immanuel Kant"Rajini is the kind of person who is involved in every aspect of the film he is working on, right from the s…"
— Rajinikanth"Chronic remorse, as all the moralists are agreed, is a most undesirable sentiment. If you have behaved badl…"
— Aldous Huxley
Related Thinkers
Related Topics
Deep Dives
- David Cay Johnston on ethics
- Bernard Lietaer on ethics
- David Cay Johnston on politics
- David Cay Johnston on time
- David Cay Johnston on justice
- David Cay Johnston on life
- David Cay Johnston on knowledge
- David Cay Johnston on art
- David Cay Johnston on philosophy
- David Cay Johnston on money
- knowledge & Beauty
- knowledge & Change