Ethics etc

Dr. Lindy Edwards writes (The Age 3/ 8) ‘Ethical behaviour, it seems, is a core input for thriving economies.' In other words, community ethics must replace greed and self-interest as the foundation for economic efficiency and progress. This is not exactly surprising. The need for right living or, in other words, the Golden Rule (do unto others as you would that they should do unto you), obviously has universal application, whether in the home, at work, or, surprise surprise! - in the world of politics.
There is no doubt that private enterprise, as an important aspect of individual liberty, has an important role in the vitality of business, and society generally. But to equate greed and self-interest with 'private enterprise' is a serious mistake. They can, in no wise, be regarded as synonymous or congruent, and this misunderstanding has obviously been at the root of the recent global financial crisis, with rash investment strategies encouraged by governments, by deregulation of the financial markets.
There can be no doubt that appropriate regulation is an essential safeguard for the liberty and well-being of all, within the framework of a democracy. But parliaments are pretty much infected by partisan interests, absorbing and adopting some of their less than desirable principles and beliefs.
It is certainly clear that the behaviour in our parliaments would also benefit considerably by a more diligent understanding and application of the Golden Rule.