People shun religious concepts. In the beginning of modern
classical economic theory, morality was the foundation of economic edict.
Economics and morality are two sides of the same coin. Economics came from the
study of moral economy.
Here in Zimbabwe
corruption rules. Being corrupt, and or corrupted, is indicative of immorality.
The indispensable correlation between economy and moral state works both ways.
Morality facilitates honesty in government and business, inducing a better
economy.
You cannot live on bread alone. The economy cannot function
well with just farms, machines, workers, factories and inputs. Human character
defines the nature of outputs. Criminal tendencies in state and wider society
diminish wealth created.
Morality has infinite degrees. Immorality also has its
different levels. When the politician, and or businessman, sends
stolen/swindled money abroad the economy contracts. This is the worst sort of
corruption as it destroys jobs and future productivity. A lesser corrupt
individual might keep money within and use it for productive purposes, this is
not as bad. Money can be sent abroad through tax havens or the purchase of
expensive imported luxury items. At another degree; when proceeds of corruption
fuel speculation in financial assets, and or property, this is worse than using
proceeds to create jobs and a sustainable economy.
