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Greed Is Not Good, and It’s Not Capitalism
The American ^ | 15 Oct 2009 | Jay W. Richards

Posted on 10/27/2009 11:46:41 AM PDT by AreaMan

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1 posted on 10/27/2009 11:46:42 AM PDT by AreaMan
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To: AreaMan

But greed is human. Get use to it and learn how to handle it.


2 posted on 10/27/2009 11:52:12 AM PDT by RC2
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To: AreaMan

ONE MAN’s GREED ... Is another man’s ENLIGHTENED SELF INTEREST!!!

I guess to COMBAT GREED ...we must SPREAD THE WEALTH AROUND??


3 posted on 10/27/2009 11:58:24 AM PDT by gwilhelm56 (I will DIE with Israel BY MY SIDE, rather than LIVE with the CHAINS of ISLAM on my Back!)
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To: AreaMan

Greed is fine and normal. Envy is the dangerous vice - it destroys both those that practice it and those that are targeted. Good news for Dems - envy is the most powerful of all vices when marketed wholesale.


4 posted on 10/27/2009 11:59:22 AM PDT by equalitybeforethelaw
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To: AreaMan
Milton Friedman - Greed
5 posted on 10/27/2009 11:59:42 AM PDT by Las Vegas Ron (Oath keepers + The NRA = FReeRepublic (.com baby))
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To: RC2
True, so is murder and rape.
6 posted on 10/27/2009 12:00:45 PM PDT by org.whodat (Vote: Chuck De Vore in 2012.)
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To: AreaMan

Greed is certainly not good. However, it is a reality. As fallen, sinful creatures, most people will try to get as much of what they want, with the least amount of effort.

In a perfect world, everyone would work hard to be productive as possible, even if it gained them nothing and would look out for their neighbors. However, we live in a far from perfect world.

Captialism acknowledges this and harnesses the power of greed (or in a milder form, “self-interest”)to increase productivity, innovation and prosperity. It is imperfect, but is the worst economic system, except for all the others.

The main function of the government should be to do what it can to ensure fair and free markets by preventing thieves and cheaters from corrupting and destroying markets.


7 posted on 10/27/2009 12:02:28 PM PDT by Above My Pay Grade
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To: AreaMan

Looks like nothing but TROLL BAIT!!


8 posted on 10/27/2009 12:02:38 PM PDT by gwilhelm56 (I will DIE with Israel BY MY SIDE, rather than LIVE with the CHAINS of ISLAM on my Back!)
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To: equalitybeforethelaw
Envy is the dangerous vice - it destroys both those that practice it and those that are targeted. And those that use it as a club to beat down opposition sort of like saying so and so is a racists.
9 posted on 10/27/2009 12:03:35 PM PDT by org.whodat (Vote: Chuck De Vore in 2012.)
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To: Above My Pay Grade
Bingo!!
10 posted on 10/27/2009 12:04:38 PM PDT by org.whodat (Vote: Chuck De Vore in 2012.)
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To: AreaMan

This article needs to be shouted from every Grade School, High School, Community College, and Higher Institution in America! Remember, it was Judas Iscariot who was about the redistribution of wealth to feed the poor (as long as he got his cut). Jesus said, “the poor you will always have with you...” (John 12:8). Ask 100 High School graduates if they even know who Adam Smith was. If one person knows, you are lucky. Great Article!


11 posted on 10/27/2009 12:04:42 PM PDT by Jan_Sobieski (?)
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To: RC2

Amen. Greed is nothing more than attempting to get something “better” for you and your family; whether it’s clothing, food, shelter, or status.

The reason capitalism works so well is because it allows service to the economy to be rewarded with “claim checks” (dollars) that can be spent on anything that matters *to you*. That’s an important distinction.

For instance, I couldn’t give a crap about attending the World Series. In fact, I have the means and access to afford tickets and have never gone. But if Renee Fleming were performing a charity dinner at Carnegie Hall, I’d drop $1,000 for a ticket without thinking about it.

Every day when I wake up and create jobs, invest in growing my businesses, and reinvest profits into the American economy, I do it because of the things *I* want. A lot of people would think going after four-figure tickets to an opera singer would be nuts compared to the World Series but that’s why capitalism is great. I perform things they need in their lives in exchange for money that I can convert into things I want.

Greed is good. Greed is right. Greed is natural. The problem most people have is with the connotation of the word “greed”. They always associate it with needlessly taking so far above and beyond excess that it does damage. Most humans have an internal check that lets them know when they’ve gone too far or have no more utility - that’s why you see a lot of doctors or lawyers making $400,000 stop investing and start giving to charity, buying second vacation houses to spend time with their family, or collecting art.


12 posted on 10/27/2009 12:05:18 PM PDT by WallStreetCapitalist
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To: Above My Pay Grade

What’s great about God’s Rules, inherent in human creation,

is that even the “greedy” working withing those Rules (the free market is natural extension of His Laws) are contributing to the common good,

even if they aren’t following His commands to give to the needy.

When the humans decide that they can BE gods, and make decisions for others,
THAT’S when the real trouble and genocide starts.

The first “humanist” said “you will be like God” (Gen 3:5).
See tagline


13 posted on 10/27/2009 12:06:36 PM PDT by MrB (The difference between a humanist and a Satanist is that the latter knows who he's working for.)
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To: Jan_Sobieski

JUdas’ plan didn’t work out so well, now did it??


14 posted on 10/27/2009 12:07:44 PM PDT by gwilhelm56 (I will DIE with Israel BY MY SIDE, rather than LIVE with the CHAINS of ISLAM on my Back!)
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To: WallStreetCapitalist

“greed”, when referring to enlightened self interest/betterment, IS good.

The LOVE of money, however, leads to sin and evil. You cannot serve two masters.


15 posted on 10/27/2009 12:07:46 PM PDT by MrB (The difference between a humanist and a Satanist is that the latter knows who he's working for.)
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To: AreaMan

i THINK AMERICA’S CAPITOLISM WAS BASED ON THE SAME PRINCIPLES AMERICAN SCHOOLS WERE FIRST BASED UPON, THE PRINCIPLES OF THE HOLY BIBLE. GREED IS NOT GOOD. HOWEVER, THE WORLD IS AN EVIL PLACE, AND PEOPLE CAN BE TOO EASILY INFLUENCED WHEN DENIED KNOWLEDGE OF GOD’S LAWS.

NEVER BEFORE HAVE WE WITNESSED THE RAMPANT EVIL ABROAD IN ANERICA, NOR IN THE WORLD TODAY. WE ARE WHERE WE ARE BY SATAN’S DESIGN, MAKE NO MISTAKE ABOUT IT. THE ONLY WAY BACK TO A SMOOTHLY FAIR METHOD OF EXCHANGE IS TO BRING THE BIBLE BACK INTO OUR SCHOOLS AND DOMES OF LEGISLATION. THERE IS NO OTHER WAY.


16 posted on 10/27/2009 12:08:09 PM PDT by Paperdoll
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To: AreaMan

Coveting others peoples wealth in the name of victimization or exploitation is also non virtuous.


17 posted on 10/27/2009 12:09:17 PM PDT by Le Chien Rouge
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To: WallStreetCapitalist

Agreed. But this is the part most forget. Capitalism is greed tempered by fear. If you make one or the other non existent, capitalism ceases to exist.....


18 posted on 10/27/2009 12:11:20 PM PDT by wombtotomb
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To: WallStreetCapitalist

As is said...”Everything in moderation”.....What is wrong with greed if no one gets hurt in the process? Is not changing jobs for higher pay considered greed? In other countries, greed is bad. Especially if it is a socialist country. Having more than your neighbor, to them, is wrong. The old USSR was this way and it failed.


19 posted on 10/27/2009 12:11:56 PM PDT by RC2
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To: Paperdoll

Everything man does he does out of greed (self interest) of some sort.

Everything he does he does becuase it will reward him somehow here or in eternity.

True greed is best for all people, because when someone is seeking to maximize his return he will be helping all those around him to maximize their return. Poor people don’t buy as much as rich people. So how do you make more money? Help your customers to prosper so they can buy more from you.

Works spiritually, financially etc. The golden rule is called golden for more than one reason.


20 posted on 10/27/2009 12:16:16 PM PDT by John O (God Save America (Please))
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