MAY 10 — “The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through and captures the essence of the evolutionary spirit,” so said Gordon Gecko, the greedy anti-hero of that classic 80s movie Wall...
MAY 10 — “The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through and captures the essence of the evolutionary spirit,” so said Gordon Gecko, the greedy anti-hero of that classic 80s movie This isn’t the exactly the morality most of us were raised with but it’s not entirely false. If all of us or the vast majority of us weren’t hungry to earn and consume, many economies would fail.
Jeff Bezos alone, for example, is worth over US$140 billion — more than the GDP of Morocco, a middle-income nation of 30 million people. Bezos may officially be the richest but there’s no reason to single him out. Here surrounded by thousands of Covid-19 deaths and legions of unemployed are markets that have risen over the past 12 months.
Uber, for example, just reported losses, layoffs, and a falling dividend but its share price soared. Tesla famously has scarcely ever made a profit, but it is worth hundreds of billions etc.
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