Is the market value of ethics on the rise?
Well-known people such as Adam Smith, Karl Marx, Pope Leo VIII, Bismarck and Professors Röpke and Böckenförde claim that a market only works in a society of moral subjects because all human beings carry an impartial onlooker within themselves who makes itself felt when s/he does something unethical. With the advent of digitalisation, globalisation, automation, the use of algorithms, big data, industry 4.0, digital twins, avatars and robots, more and more technologies and objects are participating in a market which do not have any ethics of their own accord. If ethics are so important to the market and ethics is needed for the market to function, how do we preserve ethics? Will our future (still) be ethical?
In her latest Duet interview, Dr Caldarola, author of Big Data and Law, and noted pastor Prof. Dr Zeilinger discuss the connection between market and ethics.