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Good Value

Reflections on Money, Morality and an Uncertain World

Stephen Green
Atlantic Monthly Press, 2010

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Editorial Rating

7

Qualities

  • Comprehensive
  • For Beginners

Recommendation

Depending on your perspective, HSBC Chairman Stephen Green’s analysis of the global economy and the moral ambiguities that will inevitably shape society’s evolution is either brilliant or convoluted. It may be both. Readers will applaud Green’s intellect as he draws from fertile philosophical, literary and religious sources to frame his take on civilization’s economic beginnings and development. The one drawback is that his obsession with detail and stylistic prose can sometimes obscure his fundamental points. Green ponders where society is headed in this age of globalization and economic uncertainty, and how people will adapt without compromising their humanity. getAbstract finds that his hopeful prescription positions him more as a philosopher than as a major banking executive, though he willingly shoulders both roles.

Summary

The Course of Change

As this century nears its second decade, the world is undergoing a sweeping economic, political and social evolution. As always, educated observers and experts are trying to identify emerging trends and patterns, but future events are impossible to predict. The worst financial crisis in decades has caused serious damage globally. Housing markets are in shambles, banks are struggling to remain viable, unemployment is rampant, prices continue to rise and money buys less. People have lost their sense of security. The foundation of trust is eroding.

Individuals often become introspective during periods of extraordinary upheaval. They question their motivation as they struggle to find intrinsic value in their daily routines and the pursuit of financial stability and material possessions. Some decide to give their all, sacrificing the security of suburbia to rescue exploited children in India or educate youngsters in African nations. But most people quickly brush aside notions or impulses of social responsibility, choosing to maintain their comfortable – if not affluent – lifestyles.

Why do some people rise to the occasion and respond to humanitarian...

About the Author

Stephen Green, current chairman and former CEO of HSBC, is also chairman of the British Bankers’ Association and chair of the Prime Minister’s Business Council for Britain.

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