He hates profit, but somehow I think he's profited millions of dollars off of his work...

The quest for profit has driven the growth of our country to the preeminent economic power in the world. The quest for profit has driven scientific discovery, invention and innovation. People live longer today because medical advancements were made so that someone could make a profit (ya know those greedy pharmaceutical and medical device companies).

Greed is Good. It causes people to work hard and take chances so that they can profit from their endeavors and pay taxes to support those who can't.

The people who aren't willing to put out the effort just go to work for the government. No profit motive there.

Greed is not good. But greed is inevitable. As Milton Friedman so ably pointed out in the viral conversation with Donahue, greed is present in every political and economic system in the world.

And this is why capitalism works better than the other approaches. Socialism and communism might work if greed could be eradicated. But it can't so they don't. They fall apart when greed enters the system, and so long as people enter the system, greed will.

Capitalism accepts that greed exists, but harnesses it to work for good rather than ignoring it and allowing it to work for bad. Those who observe but fail to comprehend complain that capitalism fosters greed. No. Greed is inherent. Capitalism simply accepts that greed is inevitable and makes the best of it.

Would I want a world without greed? No. Because greed drives every improvement, every advance, every innovation in society. I would never want to live in Utopia.

Greed can be a force for bad. But it is also a powerful force for good when properly applied. And free markets are the best tools to keep it focused in the right direction.

I'm not greedy. Just profity.

If he gives away (redistributes) all of the money he's made then I'll listen to his ideas for wealth redistribution. He wants to redistribute other people's money.

Lead by example or STFU.

Brand is proof that it's sometimes better to keep one's mouth shut and have people think you're an idiot than opening your mouth and removing all doubt.

Greed and success are not the same thing. We want equitable exchanges and a system that rewards them instead of greed.

(10-25-2013 11:41 PM)Love and Honor Wrote:  He hates profit, but somehow I think he's profited millions of dollars off of his work...

Funny how rich entertainment liberals who think socialism and communism are pretty cool ideas ..........they never give their money and lifestyle away.
Amazing how none of them understand history.

(10-26-2013 08:34 AM)Owl 69/70/75 Wrote:  Greed is not good. But greed is inevitable. As Milton Friedman so ably pointed out in the viral conversation with Donahue, greed is present in every political and economic system in the world.

And this is why capitalism works better than the other approaches. Socialism and communism might work if greed could be eradicated. But it can't so they don't. They fall apart when greed enters the system, and so long as people enter the system, greed will.

Capitalism accepts that greed exists, but harnesses it to work for good rather than ignoring it and allowing it to work for bad. Those who observe but fail to comprehend complain that capitalism fosters greed. No. Greed is inherent. Capitalism simply accepts that greed is inevitable and makes the best of it.

Would I want a world without greed? No. Because greed drives every improvement, every advance, every innovation in society. I would never want to live in Utopia.

Greed can be a force for bad. But it is also a powerful force for good when properly applied. And free markets are the best tools to keep it focused in the right direction.

I agree. The only way that full on communism could work is if you were in heaven, where you don't need it.

Full communism works in monasteries and convents but in both of those situations the monks or nuns are committed to a higher good/calling and work hard and share based on their commitment.

So Sorry to hear about another victim of the GOP administration. The GOP will just boo him for not putting himself first.

(10-25-2013 10:12 PM)georgia_tech_swagger Wrote:  Spot on when it came to identifying many of the problems. Horrifyingly misguided and ignorant of even basic economics on the "solutions".

He should take Wassermans job.