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As it relates to business.

Good or bad?

In reply to black

Maximising profits within the confines of the law is great business.

In reply to nitro

The law and law-makers is bought and paid for.

For example the 2008 financial crisis, the real losers the home owners who were left broke and penniless while wall street was largely bailed out.

In reply to nitro

true

In reply to steveo

Yes it was greed but it was also bad business practices.

Do you have a better motivator than greed?

In reply to black

Yes, Socialism.

Next time vote for Uncle Bernie.

In reply to Drapsey

I'll pass on the Bern.

In reply to black

Dont gimme that BS about bad practices, they knew exactly what they were doing and they KNEW the govt would bail them out.

How many got jailed for the bad business practice?


Another key motivator is

fear

fear of losing dominance etc, etc

In reply to steveo

The government would have to get into their business if they want a bailout.

Why would anyone want that?


That would mean they are reactive instead of proactive.

In reply to black

What is the negative of govt in wall street when wall street owns the govt?

Did that stop the mega bonuses from being paid out for crashing the economy?

Are you gonna pretend to not know the ties between wall street and the govt?

In reply to steveo

So, "too big to fail" was just an excuse to bailout the banks?

In reply to black

Not necessarily, but why reward them?

Keep the bank(the entity) afloat, punish the individuals. Could have sold it off.

But why are you rewarding the individuals responsible...how about seizing all the assets gained from the illegalities?

It again demonstrates the US is the most corrupt country in the world, in my opinion, it is only because of the vastness of its riches and its military it does not go the way of third world countries

Nothing about greed is good.

Greed as a business philosophy has nothing to do with success/viability/longevity - and all greed ends the same: failure.

Don't confuse ambitious corporate stratagems with the avaricious nature innate to greed (and greedy individuals).

Jack Ma, Warren Buffett and Jeff Bezos are NOT innately greedy, where as Trump, Maddoff, Eron et al. are.

Why, no, HOW can you call greed a motivator???

In reply to pelon

Greed can easily fit in there.

Greed can explain the success of capitalism and the failure of Communism.

In reply to steveo

school them steve...

In reply to black

Bro, the oligarchs (emperors in Communism) are as greedy as the they come.

Greed is universal. All greed is toxic.

In reply to pelon

True, but they also undermine themselves by not giving the workers enough.

People are greedy by nature, the more they get the more they want. 

And, the less they get, the less incentives there are to work hard and be creative.

In reply to pelon

I think we are debating two different things, you are talking about the moral factor and I am talking about the motivational factor.

In reply to black

Greed is not a motivator.

In reply to pelon

How can you say greed is not a motivator when we see examples everywhere?

In reply to black

One who is greedy is motivated by materialism, quest for more etc. That selfish, insatiable process is called greed.

Greed in of itself is not motivational, the object of your greed is.

Working with you to show that you can't be motivated by greed. Greed is the process, whereas the motivation is the object(s) that which is sought. (lots more of it!)

In reply to pelon

Come on man, don't you think people have figured out that money is the route to more material things?

I'm not sure I buy that material argument thing, people don't have to buy stuff, just the fact that the money is there is comforting enough.

In other words, the money itself is material because it gives them options to buy whatever, whenever.

Link Text

Profitabilty is numero uno. Not at the expense of people lives (Boeing), that is greed.