Am I an Egoist?

There was a very interesting tension pointed out to me yesterday in my moral philosophy. As regular readers know, I am broadly utilitarian–I think that we should try to promote the general welfare. I am concerned with the consequences of moral decisions rather than their motivation, and I do not think hard, fast rules forbidding given behaviours without regard to situational consequences are good ideas. I have, however, recently seemingly changed a position somewhere,  because I now find myself embracing, in some situations, what looks like an egoist view. The egoist position is that a person should do what is good for them, not what is good for society at large. So how do I square this circle? Let me see if it can be done.

Continue reading “Am I an Egoist?”

The HSBC Moral Hazard Paradox

Recently HSBC, the British bank, was found by the Department of Homeland Security to have laundered vast amounts of money for drug cartels, terrorist organisations, and rogue states. One would expect a steep penalty for aiding and  abetting such malevolent organisations. Consider Salim Hamdan, a man whose sole crime was to drive Osama bin Laden around for $200 a month, yet nonetheless ended up in prison from 2001 to 2009 and was subjected to “coercive interrogation” and “sexual humiliation”, whatever that means. Given the billions of dollars HSBC laundered for these kinds of groups, what Hamdan got should be a picnic in comparison, right? Well it turns out, not so right, as the Justice Department decided not to prosecute.

Continue reading “The HSBC Moral Hazard Paradox”