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Greed Isn't Just Good—It's Necessary For Capitalism
IBD Editorials ^ | January 3, 2012 | WALTER E. WILLIAMS

Posted on 01/03/2012 4:46:38 PM PST by Kaslin

What human motivation gets the most wonderful things done? It's really a silly question, because the answer is so simple. It turns out that it's human greed that gets the most wonderful things done.

When I say greed, I am not talking about fraud, theft, dishonesty, lobbying for special privileges from government or other forms of despicable behavior. I'm talking about people trying to get as much as they can for themselves.

Let's look at it.

This winter, Texas ranchers may have to fight the cold of night, perhaps blizzards, to run down, feed and care for stray cattle. They make the personal sacrifice of caring for their animals to ensure that New Yorkers can enjoy beef.

Last summer, Idaho potato farmers toiled in blazing sun, in dust and dirt, and maybe being bitten by insects to ensure that New Yorkers had potatoes to go with their beef.

Selfless Takers

Here's my question: Do you think that Texas ranchers and Idaho potato farmers make these personal sacrifices because they love or care about the well-being of New Yorkers?

The fact is, whether they like New Yorkers or not, they make sure that New Yorkers are supplied with beef and potatoes every day of the week.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS:
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1 posted on 01/03/2012 4:46:44 PM PST by Kaslin
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To: Kaslin

My definition of greed is taking money and property away from others because you are too lazy to get off of your fat ass to earn it yourself.


2 posted on 01/03/2012 4:52:47 PM PST by FlingWingFlyer (Stop BIG Government Greed!!!!!)
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To: Kaslin

Too a certain extent, greed is a survival mechanism. Obviously a person can be too greedy but that’s between them and God.


3 posted on 01/03/2012 4:57:01 PM PST by cripplecreek (Stand with courage or shut up and do as you're told.)
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To: Kaslin

Making a profit is not wrong. However, anything taken to extremes can become sinful.

It is not merely our economy that is under attack at this juncture in history. It is the entire moral foundation of the nation.


4 posted on 01/03/2012 4:57:21 PM PST by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified Decartes))
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To: Kaslin
Self-determination isn't greed anymore than the free market system is capitalism.

Socialism (i.e. totalitarianism for the greater good...yeah, right!) likes to switch language to confuse the pseudo-intellectual (i.e. ignorant) masses.

5 posted on 01/03/2012 5:07:19 PM PST by RoosterRedux (Times up!)
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To: SumProVita

There are some very wealthy very generous people in America. John Huntsman Sr is a billionaire and major philanthropist. The Koch brothers put big money into hospitals and various forms of cancer and other medical research. One of our local 1 percenters was just named citizen of the year for all the charity work he does. (Al Glick owner of Alro steel) Their “greed” allows them to give to the needy.

It may be hard for a rich man to go through the eye of a needle but nobody said it was impossible.


6 posted on 01/03/2012 5:16:17 PM PST by cripplecreek (Stand with courage or shut up and do as you're told.)
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To: Kaslin
Walter E. Williams is right. In the free market system the only way to prosper is to provide something valuable to your fellow man. The more you produce (or the better quality you produce), the more you prosper. But the public education system has most people's heads so screwed up they think this is evil.
7 posted on 01/03/2012 5:18:22 PM PST by Upstate NY Guy
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To: FlingWingFlyer
I agree with you he used the wrong word. I rarely disagree with my favorite contaminator but i have to this time.

The way I would put it using your definition:
Ever system has greed and in Capitalism it can be corrected and resolved in socialism it can not.

8 posted on 01/03/2012 5:23:36 PM PST by Steve Van Doorn (*in my best Eric Cartman voice* 'I love you, guys')
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To: Steve Van Doorn

I agree. You put it better than I did.


9 posted on 01/03/2012 5:26:09 PM PST by FlingWingFlyer (Stop BIG Government Greed!!!!!)
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To: Upstate NY Guy

Va. 3rd graders sing an anti capitalism occupation song. The teachers claim they came up with it on their own.

Some people have it all
But they still don’t think they have enough
They want more money
A faster ride
They’re not content
Never satisfied
Yes — they’re the 1 percent

I used to be one of the 1 percent
I worked all the time
Never saw my family
Couldn’t make life rhyme
Then the bubble burst
It really, really hurt
I lost my money
Lost my pride
Lost my home
Now I’m part of the 99

Some people have it all
But they still don’t think they have enough
They want more money
A faster ride
They’re not content
Never satisfied
Yes — they’re the 1 percent

I used to be sad, now I’m satisfied
’Cause I really have enough
Though I lost my yacht and plane
Didn’t need that extra stuff
Could have been much worse
You don’t need to be first
’Cause I’ve got my friends
Here by my side
Don’t need it all
I’m so happy to be part of the 99

http://www.theblaze.com/stories/va-school-district-defends-shocking-occupy-themed-song-performed-by-third-graders-im-so-happy-to-be-part-of-the-99/


10 posted on 01/03/2012 5:26:50 PM PST by cripplecreek (Stand with courage or shut up and do as you're told.)
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To: Steve Van Doorn

contaminator = commentator oops :)


11 posted on 01/03/2012 5:28:58 PM PST by Steve Van Doorn (*in my best Eric Cartman voice* 'I love you, guys')
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To: Kaslin
Question for Mr. Williams: Does "greed" include buying off legislators such that government picks the winners and losers in the economy; i.e.

None of that is "free market", yet that is what the Free Traitors® have tried to pass off as "free market" policies for the past couple of decades.

And our 15+ Trillion national debt and a second Greater Depression are the results.

12 posted on 01/03/2012 5:34:22 PM PST by meadsjn (Sarah 2012, or sooner)
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To: FlingWingFlyer

Actually I think you are closest. “Greed” is to covet, or want that which isn’t yours or what you don’t deserve or have not earned. It is inappropriately used today to replace the term “self-interest” in order to promote socialism.

A redefinition of the term has been attempted to imply to want more than you need; Here in lies the problem. It leaves to someone else to define what it is that you need, in the same way that “From each according to their ability, to each according to their needs” leaves it to a higher human power to define your “ability” and your “needs”.


13 posted on 01/03/2012 5:36:09 PM PST by Wildbill22
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To: cripplecreek

Pathetic, isn’t it? Young minds getting so polluted at such a young age. Hopefully some of them have parents who can set them straight at home.


14 posted on 01/03/2012 5:59:39 PM PST by Upstate NY Guy
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To: FlingWingFlyer
My definition of greed is taking money and property away from others because you are too lazy to get off of your fat ass to earn it yourself.

People who are poor, for what ever reason, always define greedy as someone who has money and won't give it to them(the ungreedy poor). Take the classic Charles Dickens novel, A Christmas Carol. It is all about a business man who keeps his wealth to himself, granted he is tight fisted and mean, but the reason people don't like him is because, wait for it, he won't give them his money. At the end of the story when he wakes from his night among the spirits, he starts spreading money around, and then everyone loves him. Of course they are NOT defined as being greedy because they never worked their butts off making money,(except for Bob Crachett, who worked his butt off but didn't get paid for it).

OWSers are the true greedy of the world, along with every other marxist, communist, progressive, socialist SOB in the world.

15 posted on 01/03/2012 6:02:25 PM PST by calex59
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To: Upstate NY Guy

Almost as pathetic as the claim that the students came up with it themselves.

You’d have to be a moron to buy that. How many 3rd graders are likely to say they want less of anything or that they worked all the time and never got to see their families?


16 posted on 01/03/2012 6:04:14 PM PST by cripplecreek (Stand with courage or shut up and do as you're told.)
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To: Kaslin

Max Weber has a different take. Deferred gratification, the willingness to spend enough hours at the counting desk. Benjamin Franklin’s secular Puritanism , which is more or less the same as Smith’s moral philosophy.


17 posted on 01/03/2012 6:07:23 PM PST by RobbyS (Christus rex.)
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To: calex59

Bob Crachett admires Scrooge, and feels sorry for him because his pursuit of wealth brings him no happiness.


18 posted on 01/03/2012 6:13:12 PM PST by RobbyS (Christus rex.)
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To: cripplecreek
Their teachers are probably closet occupiers. Third grade kids sure didn't write these lines:

I used to be one of the 1 percent
I worked all the time
Never saw my family
Couldn’t make life rhyme
Then the bubble burst
It really, really hurt...

19 posted on 01/03/2012 6:19:45 PM PST by Upstate NY Guy
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To: RobbyS

But his family, and especially the wife, hates his guts, but love him later after the money flows. Granted Scrooge is a dick but at the same time the story really points out that people like you more if you are free with your money.


20 posted on 01/03/2012 6:32:28 PM PST by calex59
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