free4now
Thinks s/he gets paid by the post
- Joined
- Dec 28, 2005
- Messages
- 1,228
I've been reading over and over that one of the causes of the economic crisis was greed. The dictionary definition is:
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.
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.An excessive desire to acquire or possess more than what one needs or deserves, especially with respect to material wealth.
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.