Multiculturalism is a quasi-religion predicated on both moral relativism and a basic belief in the inherent avarice of the West - particularly of the US and Israel.

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Transactions are guided by ethical, moral, and social considerations and the belief that money should be used to create social value, rather than just wealth.

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At root, it is the modern belief that the essence of moral action is neither expecting nor receiving any personal benefit (or, even better, suffering a loss from that act) that underlies the condemnation of profit-seeking.

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One of America's most admirable characteristics is its belief that it has a duty of moral leadership.

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Yet moral hazard reckless lending encouraged by the belief that governments would step in to rescue you if things went wrong is arguably as important.

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So the moral of the story is that startups, contrary to popular belief, can not only survive, they can also thrive and achieve a level of success not normally associated with a such a young company.

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Looking at the two top countries - Finland and South Korea - the report says that there are many big differences, but the common factor is a shared social belief in the importance of education and its "underlying moral purpose".

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That book advanced her belief that laissez-faire capitalism, unsullied by government interference or regulation, was the only moral social system.

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