Ethics at heart of economic crisis

I came across this news release which talked about the current economic crisis essentially a crisis of ethics:
http://news.bahai.org/story/722
And in addressing the solution to the crisis, it said:
“Any response to the world economic crisis must address ethics, given that the crisis is ‘fundamentally one of trust and integrity’. Furthermore, the situation requires an ethical response ‘at all levels’ – from individuals, from corporations, and from governments and regulatory entities…”

Coincidently, maybe not so coincident, a couple of month ago, Newsweek also published an article talking about current crisis and came to the same conclusion: "We are suffering from a moral crisis, too, one that may lie at the heart of our problems."
http://www.newsweek.com/id/201935
Again in addressing the solution, it said:
"But very few people acted responsibly, honorably or nobly (the very word sounds odd today). This might sound like a small point, but it is not. No system—capitalism, socialism, whatever—can work without a sense of ethics and values at its core...”

It is worthwhile to make a note that more than 50 years ago, Shoghi Effendi has already pointed out the disease that affected our society today is essentially a lack of spirituality:

“Indeed, the chief reason for the evils now rampant in society is a lack of spirituality. The materialistic civilization of our age has so much absorbed the energy and interest of mankind, that people in general no longer feel the necessity of raising themselves above the forces and conditions of their daily material existence. There is not sufficient demand for things that we should call spiritual to differentiate them from the needs and requirements of our physical existence.

The universal crisis affecting mankind is, therefore, essentially spiritual in its causes. The spirit of the age, taken on the whole, is irreligious. Man's outlook upon life is too crude and materialistic to enable him to elevate himself into the higher realms of the spirit.”

It is utterly useless, in my opinion, to teach any lessens about morality/ethics in which do not take into account of our relationship with God. After all, It is God, and God alone who has the power to change human hearts, as Baha'u'llah has beautifully and powerfully stated more than 100 years ago:

"The vitality of men’s belief in God is dying out in every land; nothing short of His wholesome medicine can ever restore it. The corrosion of ungodliness is eating into the vitals of human society; what else but the Elixir of His potent Revelation can cleanse and revive it? ... The Word of God, alone, can claim the distinction of being endowed with the capacity required for so great and far-reaching a change."