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Can The Free Enterprise System Survive In An Ethically Schizophrenic Culture?, Richard C. Chewning

Robins School of Business White Paper Series, 1980-2022

The stock market remained on a virtual plateau from 1968 until 1983—hardly a sign of vigorous national health. Our long-term decline in productivity indicates economic anemia. The national debt continues to soar even when a President espouses fiscal conservatism and Congress passes the largest single tax increase in its history. There are also many social and political problems: decay in our inner cities; rising crime; environmental concerns; and many international crises. Under these pressures the culture is beginning to manifest some neurotic characteristics as it develops many negative attitudes. There is a growing sense of nonspecific guilt. We seem uneasy. …