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11-05-2008, 09:20 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Dec 2005
Posts: 1,228
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What is greed?
I've been reading over and over that one of the causes of the economic crisis was greed. The dictionary definition is:
Quote:
An excessive desire to acquire or possess more than what one needs or deserves, especially with respect to material wealth.
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I've never really understood what is meant by excessive. In my book nobody deserves anything; the only right someone has to acquire something is to find another party willing to give or trade that something to them. And beyond subsistence level income, nobody really needs anything.
It's pretty clear to me that even the middle class consumes more than they "deserve" (because nobody deserves anything), and more than they "need" (because most people can lead dignified lives with much less).
So it all comes down to this word "excessive" in the definition. Are we talking excessive in a moral sense of greed hurting others, or in a practical sense of greed making your own life worse? If it's a moral issue, then why not name the specific form of immorality (e.g. theft, neglect, injury) rather than just calling it "greed". And if it's the practical issue of people working against themselves, lets just call it making stupid decisions.
I suppose what bothers me the most about the word "greed" is that it is usually used in a retrospective way; only after a decision ends up not working out is it called greedy. Nobody calls the hardworking recent immigrant who sends his kids to college by building a business from the ground up greedy. Even if it's a corner store whose profits are driven by cigarette and alcohol sales that destroy peoples lives. But if his business were to fail and the government were to bail him out, some might call him greedy.
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11-05-2008, 11:57 AM
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#2
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 325
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Answer: the engine of capitalistic enterprise, and one of the sources of America's high standard of living.
I agree with your post, obviously.
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11-05-2008, 01:17 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
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Capitalism - Wikipedia, the free encyclopedia
Capitalism is the economic system in which the means of production are distributed to openly competing profit-seeking private persons and where investments, distribution, income, production and pricing of goods and services are predominantly determined through the operation of a market economy in which anyone can participate in supply and demand and form contracts with each other, rather than by central economic planning.
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Another way of defining capitalism; is the ability to take advantage of inefficiencies in the the marketplace. This process can go to extremes - too many capitalist rushing into a market driving down profit and leading to a shakeout of those who can not bear the competition.
The concept of greed is a subjective judgment not an objective principle. Associating the word greed with capitalism leads to a host of negative assumptions.
The motivator of capitalism is profit. Take away profit and people don't continue in a business. Have a large profit margin and many people go into that industry lowering the profit margin until a sustainable level is found. You might consider "Greed" as the step where there is a large profit margin - a step in the system.
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Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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11-05-2008, 01:31 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,293
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Not being satisfied with my stuff and wanting everybody else's stuff.
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There's no need to complicate, our time is short..
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11-05-2008, 02:16 PM
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#5
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Dryer sheet aficionado
Join Date: Jan 2008
Posts: 36
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I define greed as living above your means,or taking something away from another to get ahead in life.I believe in karma.......I've seen it too many times in my life.
My belief is that you only go around once,so try to make the best of it,but I live at or below my means.Nothing wrong with the fancy sports car,yacht,or the mansion on a hill,IF YOU CAN AFFORD IT.
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11-05-2008, 03:03 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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I would define greed as the willingness to bend/break rules, violate established mores and customs, and/or to cause loss or harm to others for the sake of gaining more for oneself.
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Have Funds, Will Retire
...not doing anything of true substance...
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11-05-2008, 04:12 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Same as pornography, I know it when I see it.
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11-05-2008, 04:19 PM
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#8
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Recycles dryer sheets
Join Date: Aug 2005
Posts: 380
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Greed IMHO is one of the two (and only two) motivations driving financial decision making by the masses. The other one is fear. When greed is running things, we get bubbles as people can't stand the thought that they might miss out on some profit opportunity. All the copy cats that pile on near the end are demonstrating excessive greed. Likewise the folks who cut corners on the law, cheat on property appraisals etc., more examples of excessive greed.
When some entrepreneurial person starts a great new business and hopes to make it big, ala Google with better searching, that is "good" greed.
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11-05-2008, 04:45 PM
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#9
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Full time employment: Posting here.
Join Date: Feb 2008
Location: Central Coast, California
Posts: 923
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Greed is the inability to put the fair and just claims of the group above the desire for individual more.
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"You'd be surprised at how much it costs to look this cheap." -- Dolly Parton
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11-05-2008, 06:44 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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what i have is never enough, so i want what you have, and i'm a-gonna take it from ya. any questions?
or...greed is compulsive behavior in the " I want" department.
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"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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11-05-2008, 06:47 PM
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#11
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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Quote:
Originally Posted by freebird5825
what i have is never enough, so i want what you have, and i'm a-gonna take it from ya. any questions?
or...greed is compulsive behavior in the " I want" department.
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I think greed is one of those things that's not bad in small doses.
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"Knowin' no one nowhere's gonna miss us when we're gone..."
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11-05-2008, 08:19 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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greed is the opposite to generosity
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May we live in peace and harmony and be free from all human sufferings.
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11-05-2008, 08:48 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 1,183
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Greed is the opposite of altruism. Both in modest doses are good but carried to the extreme they are destructive. An example is working harder to achieve goals we have set for ER vs. never attaining enough finances to take care of our own simplistic needs due to do-gooder tendencies.
Moderation in all things and yes charity begins at home but it doesn't end there.
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11-06-2008, 06:25 AM
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#14
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Full time employment: Posting here.
Join Date: Oct 2002
Posts: 717
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This is always worth another viewing.
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Random Reinforcement is Highly Addictive.
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