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6-12                   Ethics & Social Responsibility                            [CH 6



                                                    In the process of time, as the child grew up to be a man, he accustomed
                                                    himself to greater robberies; and at last, being apprehended and
                                                    committed to jail, he was tried and condemned for his felony.
                                                    On the day of his execution, as the officers were conducting him to the
                                                    gallows, he was attended by a vast crowd of people, and among the
                                                    crowd was his mother, who came sighing and sobbing along, and taking
                                                    on extremely for her son’s unhappy fate; which the criminal observing,
                                                    called to the sheriff, and begged a favour of him, that he would give him
                                                    leave to speak a word or two to his poor afflicted mother.
                                                    The sheriff, unwilling to deny a dying Man so reasonable a request, gave
                                                    him permission; and the felon, while as everyone thought, he was
                                                    whispering something of importance to his mother, bit off her ear, to the
                                                    great offence and surprise of the whole assembly.
                                                    What, say they, was not this villain contented with the impious facts that
                                                    he has already committed, but that he must increase the number of them,
                                              by doing this violence to his mother?
                                                Good people, replied he, I would not have ye be under a mistake; that wicked
                                              woman deserves this, and even worse at my hands; for if she had chastised and
                                              chided, instead of rewarding and caressing me when in my infancy I stole the
                                              hornbook from the school, I would not come to this ignominious, untimely end.

                                          THE APPLICATION
                                             Samuel Croxall offers us his application on this fable:
                                                “Notwithstanding the great innate depravity of mankind, one need not scruple
                                              to affirm, that most of the wickedness which is so frequent and so pernicious in
                                              the world, arises from a bad education; and that the child is obliged either to the
                                              example or connivance of its parents, for the most of the vicious habits which it
                                              wears through the course of its future life. The mind of one that is young is like
                                              wax, soft, and capable of any impression which is given it; but is hardened by
                                              time, and the first signature grows so firm and durable, that scarce any pains or
                    “People need to be        applications can erase it. It is a mistaken notion in people, when they imagine that
                    reminded more often than   there is no occasion for regulating or restraining the actions of very young
                    they need to be instructed.”
                    The real job of every moral   children, which, though allowed to be sometimes very naughty in those of a more
                    teacher is to keep on     advanced age, are in them, they suppose, altogether innocent and inoffensive.
                    bringing us back, time after   But, however innocent they may be, as to their intention then, yet, as the practice
                    time, to the old simple   may grow upon them unobserved, and root itself into a habit, they ought to be
                    principles which we are all   checked and [disapproved firmly] in their first efforts towards anything that is
                    so anxious not to see…    injurious or dishonest; that the love of virtue and the abhorrence of wrong and
                                              oppression, may be let into their minds, at the same time that they receive the
                                              very first dawn of understanding, and glimmering of reason. Whatever guilt arises
                                              from the actions of one whose education has been deficient as to this point, no
                                              question but a just share of it will be laid, by the Great Judge of the world, to the
                                              charge of those who were, or should have been his instructors.”

                                          A moral issue: Man covets and there are consequences
                                              Bernard Madoff will no doubt go down in history as Wall Streets’ most notorious
                                          criminal. He systematically bilked investors out of  $65  billion, as estimated by the
                                          prosecutors, in the largest Ponzi scheme extant, and which involved 4,800 clients. His
                                          actions far eclipsed the 1980’s insider trading scandals involving junk bond financiers
                                          Michael Milken and  Ivan  Bosky.  Among Madoff’s victims were a number  of
                    “You shall not covet your   celebrities such as  Kevin Bacon and  Kyra Sedgwick;  Zsa Zsa  Gabor and  her  9
                                                                                                               th
                    neighbor’s house; you   husband  lost almost  $10 million. Director Stephen  Spielberg  and DreamWorks
                    shall not covet your   executive Jeffrey Katzenberg lost money they had  invested for  their Wunderkind
                    neighbor’s wife, or his
                    male servant, or his   Foundation.  Other celebrities that fell victim  to Madoff were CNN’s Larry King,
                    female servant, or his ox,   retired Los Angeles Dodger pitcher Sandy Koufax, and John Robbins of the Baskin’
                    or his donkey, or     Robbins Ice Cream family. Thousands of retirees lost their entire savings, and Madoff
                    anything that is your   even scammed $3 million from his own sister. Madoff took money from investors and
                    neighbor’s.”          used their money to pay out profits to earlier investors. As long as the new money kept
                          — Exodus 20:17   coming into his system it worked well so that no one was aware of how his system was
                                          structured—which was on fraud and deceit. Madoff promised his investors a return of
                                          12% to 20% on their investment, and their greed kept them at bay as long as they
                                          received their payments, which were derived from the funds of new investors and not
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