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Wiedergewinnung von Vertrauen oder Rueckkehr der Vertrauensillusion? Ein Plaedoyer fuer gesundes Misstrauen gegenueber systematischen Tautologien (Regain of Trust or the Return of an Illusion? A Call for Sensible Mistrust in Face of Systemic Tautologies)

Author

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  • Christoph Weber-Berg

Abstract

Die Wurzeln des im Rahmen der aktuellen Krise verlorenen Vertrauens sassen nicht tief. Im Gegenteil war auch das scheinbare Funktionieren der Finanzmaerkte gepraegt von einem tief sitzenden, kaschierten Vertrauensverlust und von einer tautologisch „begruendeten“ Vertrauensillusion. Autoreferenzielle, ihrer normativen Bezugshorizonte entledigte Denkmuster sind an der Wurzel individuellen, institutionellen und systemischen Versagens auszumachen. Zu deren UEberwindung ist nicht mehr Moral, sondern mehr ethische Kompetenz auf allen Gestaltungsebenen des Wirtschaftens gefordert. (The loss of trust in the context of the actual crisis is widely deplored. But how deep were the roots of trust after all? This article argues that the financial system, even in times of well functioning, was affected by deep mistrust, masked by a mere illusion of trust, evolving from processes of self-reference. A self-referring rationale, lacking external normative reference, is at the root of individual, institu-tional and systemic failure. The call for more or better morals, often seen as means to overcome the crisis, will fall short of its desired effect. There is a need for sensible mistrust and ethical competence of responsible people. This might bring us a step further to more stable financial markets that serve, rather than threaten, the stability of societies on a global scale.)

Suggested Citation

  • Christoph Weber-Berg, 2010. "Wiedergewinnung von Vertrauen oder Rueckkehr der Vertrauensillusion? Ein Plaedoyer fuer gesundes Misstrauen gegenueber systematischen Tautologien (Regain of Trust or the Return of an Illusion? A Call ," Zeitschrift für Wirtschafts- und Unternehmensethik - Journal for Business, Economics & Ethics, Rainer Hampp Verlag, vol. 11(2), pages 126-138.
  • Handle: RePEc:rai:ethics:doi_10.1688/1862-0043_zfwu_2010_02_weber-berg
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    Keywords

    trust; financial crisis; self reference; ethical competence;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G01 - Financial Economics - - General - - - Financial Crises
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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