The Death of American Capitalism by Marc Faber (Dr. Doom)

[icm63]

Re: The Death of American Capitalism by Marc Faber (Dr. Doom)

Metal Man = nervous LONG...

[marvenger]

Re: The Death of American Capitalism by Marc Faber (Dr. Doom)

Back to the topic of greed. I guess it depends on how you define it. Its one of the hardest words to define because it is so subjective. I prefer to use the word "incentive" when it applies to economics. People need an incentive to motivate them, and without it, economies will fail. It really is the critical factor. While I don't think economics is a zero-sum game. I think we can reach a point where the game is so rigged by those who have control that the system will self destruct at some point.

I don't think the incentive has to be material gain in the narrow sense it's currently defined. People in my experience don't like being idle, if you show them opportunities to improve themselves and the opportunites aren't going to get in the way of their slave wage job, people are generally interested in taking up these opportunities. I think the system should be geared to allowing people the most freedom possible to engage in self improvement and their communities improvement in whatever way they see best.

[cjppjc]

Re: The Death of American Capitalism by Marc Faber (Dr. Doom)

Gandhi, Churchill, MLK, and Schindler, yes, they were greedy. All of them had desires, and desires are essentially greed of a sort.

IMO you are stretching the meaning of greed. Did the men and women mentioned have desires? Of course they did. Are desires a bad thing? I can't think of any person who does not have desires of some kind. The idea is to observe your ego is at the moment something interferes with IT'S desire.