giovedì 18 febbraio 2016

The moral problem of trading


Summary:  The "moral problem of trading"- Speculation - The idolatry of money - An approach to avoid a wrong behavior.
 


Trading online is a practice to do speculation, an uncorrect behavior of private individuals in the moral religious context.
Speculation is a practice that  is negative in a human perspective, regardless of the collateral effects on the market because  making money with money is  a wrong activity with respect to religious principles. 


Trading causes a dangerous addiction to the money leading an individual to spend his life in search of profit; this is contrary to religious morality.  



A great concern is the moral evaluation of the behavior of the individuals within the economic system; an individual should avoid speculative practices like trading, morally reprehensible even if within the legal limits that are different in each countries. "The social and legal endorsement does not exempt each individual from moral responsibility."




http://www.oikonomia.it/index.php/it/oikonomia-2000/ottobre-2000/54-2000/ottobre-2000/160-il-documento-etica-e-finanza








"cause of this situation is found in our relationship with money, since we calmly accept its dominion over ourselves and our societies. The current financial crisis can make us overlook the fact that it originated in a profound human crisis: the denial of the primacy of the human person! We have created new idols. The worship of the ancient golden calf (cf. Ex 32:1-35) has returned in a new and ruthless guise in the idolatry of money and the dictatorship of an impersonal economy lacking a truly human purpose. The worldwide crisis affecting finance and the economy lays bare their imbalances and, above all, their lack of real concern for human beings; man is reduced to one of his needs alone: consumption."




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1Timothy 6:10 -- For the love of money is a root  of all kinds of evil. Some people,  eager for money, have wandered from their faith and pierced  themselves with many griefs.


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How to invest ethically: summary of guidelines

In order to maintain a personal correct behavior avoiding any types of attitudes that are immoral in the religious context, an individual should operate with a medium long-term horizon (period of over 1 year established by the economic and accounting principles) avoiding any types of modalities, information and instruments for the pursuit of profit in the short term, even if they are used without exceeding legal limits that in any case are different in each country. Stock investing should be limited to long-term ownership of companies operating in ethical activities without any hazard in the expected return on invested capital.



RELEVANT LINK
http://www.vatican.va/archive/ENG0015/_P8C.HTM



Since the completely safe asset does not exist, a person can never accumulate enough to feel totally safe. The search for such security is a chasing after the wind – we are never satiated, no matter how much we possess. It is wiser not to begin the pursuit (e.g. Ecclesiastes 5:10; 6:7).





Continued on pages 2 and 3 as indicated below:


pag 2: Trading - an unethical practice

pag 3: The correct behavior: warnings for the individual




http://tradingonline-a-moral-problem.blogspot.it/p/blog-page.html



   



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