Showing posts with label Greed. Show all posts
Showing posts with label Greed. Show all posts

Tuesday, March 06, 2012

Capitalism

When Adam Smith wrote the Wealth of Nations, he first wrote the Theory of Moral Sentiments, about how society works by empathy.  Economics is supposed to be based on compassion, on concern for one's fellow man.  If economics is based on greed, then even the greedy find that they have starved to death.


It is time to revolt against greed, wherever it is found.  Beginning in our own hearts.

Saturday, November 06, 2010

Greed Is Good?

The original idea of capitalism by Adam Smith is that the seller would have enough empathy to understand what his customer actually needs and provide it to him. The customer, of course, helps determine the cost by whether he buys it from this seller or the next.

But capitalism is completely different than the way Adam Smith imagined it. Modern capitalism is not so much empathy for the consumer, but a manipulation of the consumer to convince the consumer of "needs" that she never had. Modern capitalism is emotional blackmail, and a blight on civilization.

It is greed that allows a two liter bottle of Pepsi cost less than a loaf of bread. It is greed that makes banks and utilities charge the poor for the fact that they don't have much money. And it is a society of greed that looks down on hardworking people and tells them that they are worthless. And that same society, if those hardworking people lose their job, that tells them that they don't deserve to sleep, or even to use a bathroom. Greed is not good, and has never produced good, except to both the greedy and the lucky.