I am partaking in a thread on the Huffington Post. One reader wrote:
We learned deregulation is a disastrous idea. We learned the unregulated capitalism is Plutocracy and destroys democracy. We learned, again, that greed creates people completely without moral restraint.
Blanket statement? All greed is ‘bad’? Are you proposing a solution to greed? Maybe legislate it away?
Someone else responded to me:
Yes indeed, all GREED is BAD; do not conflate greed with reasonable goals of attaining what one needs to survive or even prosper. Greed: excessive or rapacious desire, especially for wealth or possessions. Example: A person who starts a business and does well–even to the point of extreme profits–is NOT greedy by virtue of that fact alone; this person [if honest and not exploitive to customers or employees] has put in the time and effort to legally and ethically earn those profits. On the other hand, a person who connives to gain UNDUE profits at others’ expense, or through nefarious means, is indeed greedy, and despicable as well. There is no such thing as a moral high ground that contains elements of greed; such assertions are childish Randian concepts not worthy of a mature adult’s consideration.
My response to that? My old favorite: