British commenter Andrew Wakeling has a harsh take on professional ethics, but one worth pondering.
Here is his Comment of the Day on the post, Public Confidence And Trust (1): Observations On Gallup’s Trust In Occupations Poll:
I worked very hard to qualify as an ‘xyzist’ (initially in the UK finance industry in the 1970s) and the profession has served me very well, across much of the world. Part of the reason why I could earn big bucks was that I was trusted. My employer needed my sign off. The head regulator was generally a qualified ‘xyzist’ too. No Board would dare go far without support from a qualified ‘xyzist’.
The professional body (The Institute of ….) was strong, controlling entry (with hard exams), and policing behaviour with professional standards, codes of conduct and a disciplinary system. The profession largely wrote the rules and regulations for the industry. We always maintained we were acting in the ‘public interest’. At least superficially, we took our version of ‘noblesse oblige’ very seriously.
We, of course, weren’t the only elite and cosy profession, and in times of stress we could join together with others (lawyers, accountants, elite civil servants etc.) to present a united front against ‘unsound’ proposals.
That cosy world has now largely disintegrated, and perhaps it deserved to. Margaret Thatcher viewed the professions with particular suspicion as being self serving and in restraint of trade. The tide in academia has been towards open competition and ‘freedom with disclosure’, and quite unsupportive of unaccountable elites (largely male and similarly educated) setting the rules. Continue reading


