Archive for greed
In the video segments below, famed economist Milton Friedman explains why people gravitate toward collectivism and sway from the preferred state of liberty and personal freedom. He then goes on to explain the raw deal people get when they turn to government to establish fairness and solve their problems: People think that when you argue that way, you’re arguing for selfishness, for greed. That’s utter nonsense! The people who are in positions in a political hierarchy, are also selfish... Read More→
Misconception: Free Market Capitalism is About Greed
Posted by: | CommentsThe previous post made me think some more about what it means to be greedy and how the terms is used and misused. My Mac’s dictionary defines the term “greedy” as greedy having or showing an intense and selfish desire for something, esp. wealth or power : greedy thieves who plundered a defense contractor. I propose that the key word here is selfish. If you want to possess something and you’re selfish about it, then you’re greedy. All right, let’s look at what... Read More→
