TITLE: PEOPLE OR PROFITS?
SCRIPTURE: Hebrews 13:5
Written by: Dr Conrade Yap
Date: June 13th, 2014
Keep your lives free from the love of money and be content with what you have, because God has said,
“Never will I leave you;
never will I forsake you.” (Hebrews 13:5)
KEY POINT: Money is not everything but everything needs money. For the Christian, the love of money is a spiritual threat that cannot be taken lightly. This week, I look at the financial industry and offers three tips for those who are inside and for those considering a career in the financial industry.
It has been said that "
Money makes the world go round." The statement is very prevalent in the lives of many people. For while money is not everything, everything needs money. We need money to keep up with our mortgages, pay school fees, buy groceries, filling up gas, paying for utilities, buy coffee, or take that much needed vacation. What defines a society as rich or poor is usually based on a monetary index, based on a currency of reference.
"Show me the money!" is a popular term that also describes this mood. In other words, if you want me to do something, pay me first. No money no talk. In the "Jerry MacGuire" movie, the phrase was used to underline the fact that money talks louder than anything else.
A) Money: The More the Happier?
Making money is the underlying ethos of many societies, especially those called first world nations. Being rich is a sign of success. Being highly paid is a sign of accomplishments. That is why school is being seen more as a tool for making money rather than an education in itself. People may claim that it is both but few see it that way. What if the job we get is not we want, but it pays three times the average starting salary for graduates? What if we hate our jobs but cannot afford to quit because the money was too good? What if the contract was too irresistible that we end up rationalizing a moral issue into an amoral situation? After all, if it is partly true that rationale, it is even more true that man is a "rationalizing animal."
Think about it. When the best and the brightest from the nation's best colleges and Universities graduate and enter top financial firms, rationalizing anything is easy. In the book, "
Young Money," Kevin Roose reveals some alarming effects of how such young graduates have their sense of morality gradually being sucked away by the financial industry. (You can read an excellent review
here.) Tracing the lives of eight promising top young graduates, Roose notes how the financial industry can impoverish one's sense of moral well-being. With making money as the primary goal, it does not matter if smaller businesses go belly up. Overworked, stressed out, and measured only on the basis of profits, such workers soon become indoctrinated with the making-money-at-all-costs dictum. Soon, big picture thinking is used to justify the "small price" others are paying. Social life becomes non-existent other than entertainment activities for work and client relationship building. As financial traders, workers are measured strictly on the basis of their Profit and Loss performances. Everything else is secondary. The journalist, Michael Lerner:
"This focus on money and power may do wonders in the marketplace, but it creates a tremendous crisis in our society. People who have spent all day learning how to sell themselves and to manipulate others are in no position to form lasting friendships or intimate relationships... Many Americans hunger for a different kind of society -- one based on principles of caring, ethical and spiritual sensitivity, and communal solidarity. Their need for meaning is just as intense as their need for economic security."