Articles on corporate governance, organizational ethics, creating an ethical culture, leadership, and global business ethics.
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Prediction markets make it easy for people to bet on all kinds of events pertaining to finance, politics, pop culture, and sports. Young people, especially young men, are the most impacted by their surge.
Despite the ethical concerns associated with prediction markets, they’re growing rapidly and that may be, in part, based on the transactional behaviors of our leaders.
Until questions about prediction markets get serious answers, they will keep doing what they do now: dressing up a private benefit in the language of the public good.
Before we embrace prediction markets as harmless fun or even a socially beneficial trend, we might pause to raise a deeper question: What habits are we learning, and fostering, in betting on our collective future? And what kind of people do these markets train us to become?
From leadership at the executive level, to biases on the individual level, organizational culture, and corporate incentive structures, ethics plays an integral role in the way any given business operates, particularly those in the finance industry.
El Salvador's passage of The Bitcoin Law has raised questions about the ethical nature of implementing a cryptocurrency as legal tender. Less than 5% of all Chivo ATMs are located within communities living in formerly guerrilla-controlled territories, harkening to a substantial lack of support by the Salvadoran government and a failure to achieve all three of The Bitcoin Law’s goals.
By discharging existing government departments and agencies to oversee AI and developing new tools and organizations to aid in that effort, the Biden administration is addressing the question of whether AI regulation will be distributed among a number of entities, or concentrated in a single, new agency.
Despite the concerns that religious participation is fading, enough people still consider it vital to their life. In the face of this new moment, what are key ethical guideposts for executives to keep in mind?
Leading tech companies collaborate with White House to create voluntary guardrails on artificial intelligence. While reactions are mixed, the effort should nevertheless be celebrated for providing the leadership that elected officials, industry leaders, and private citizens have been asking for.
This wave of ethical convergence, driven by a desire to develop responsible technology, might just be strong enough to accomplish what centuries of discussion have not yet done—arrive at a global ethic.