Business: Ethical Values

Lord Sutherland of Houndwood Excerpts

Wednesday 14th December 2011 Lords Chamber

[Baroness Wilcox]

The independent Kay review will be looking at these things, which we have previously discussed and debated. I do not think any of us like to see the distance between remunerations growing wider and wider. There is no doubt that the Government are following this up.

[Lord Sutherland of Houndwood]

My Lords, David Hume argued that greed, which he defined as an avidity to acquire possessions, belongings, property and money, was a force destructive of modern society. Could he possibly be right and, if so, what shall we do about it?