View Single Post
  #19  
Old 26-04-2010, 04:03 PM
Robh's Avatar
Robh (Rob)
Registered User

Robh is offline
 
Join Date: Feb 2009
Location: Blue Mountains, Australia
Posts: 1,338
Definition of greed- the excessive desire to acquire or own more than one needs or deserves.
Decreasing profits is bad for business and shareholders. Workers benefit by expanding production as profits can support higher wages. Lower prices through competition make products accessible to more people. In theory, you should be able to keep most people happily employed so that they can buy a certain life-style.

Where the system unwinds is if profits are distributed to a minority in increasingly disproportionate fashion. Something I will call putrified invidious greed or PIG for short. People with PIG (PIGGIES) have a lop-sided view of their own importance and really believe that they are worth the millions or even billions of dollars they are being paid. With wealth comes power and PIGGIES believe that it is their calling to initiate structures that will leave their shareholders in raptures. Of course, they naturally believe that they deserve a lucrative piece of this ever-swelling cake! Characteristically, PIGGIES are also delusional in that they believe they are benefiting mankind as a whole.

Regards, Rob.
Reply With Quote