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	<title>Comments on: Greed is not good</title>
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		<title>By: For the greedier Good?-fallen/legen</title>
		<link>http://www.nakedcapitalism.com/2009/10/greed-is-not-good.html#comment-60499</link>
		<dc:creator>For the greedier Good?-fallen/legen</dc:creator>
		<pubDate>Sun, 18 Oct 2009 21:35:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/?p=5726#comment-60499</guid>
		<description>[...] Check naked capitalism for an article heavy with facts on why Greed is not good. [...]</description>
		<content:encoded><![CDATA[<p>[...] Check naked capitalism for an article heavy with facts on why Greed is not good. [...]</p>
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		<title>By: Richard S</title>
		<link>http://www.nakedcapitalism.com/2009/10/greed-is-not-good.html#comment-60321</link>
		<dc:creator>Richard S</dc:creator>
		<pubDate>Sat, 17 Oct 2009 08:47:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/?p=5726#comment-60321</guid>
		<description>The idea that &#039;greed&#039; is a part of the free market should never come from anyone that pretends to be an educated person with respect to economics.  This line of rationalization however helps me understand the motives and ultimately the validity of authors comments and arguements.  This is a quasi-socialists mantra designed to arque for and in support of government control and requlation of the economy.  The following statement, in addition to the greed ~= free market, is very telling with respect to the position and desire of the author: &quot;What I find most galling is that just one year ago Barack Obama was saying, “Elect me! Elect me! I am change you can believe in.&quot;  Who in their right mind would ever place any hope in the statements of any individual who claims to be the person who can save everyone from the bad/evil people who control and make alot of money by being exactly the same as most other presidents (the person who has all the answers and we should just trust that they will do the right thing).  Exactly who do you think controls who is elected to the highest office in the nation?  By the way, there has probably been no president (except Ronald Reagan) since the 1800&#039;s who believed in the free market.  The following statement is also telling: &quot;A generation ago most people in America worked for a few institutions in their lifetimes.  Many had employer-paid healthcare and employer-financed defined benefit pension plans.&quot;  Again, who in their right flipping mind would ever want to place the control of health care or retirement to someone or some entity who they do not know from a peasant farmer in China.  It is just plain stupid and a part of the problem that has built over the generations not something to be admired.  The only thing an employee should get from an employer is a check for the hours worked as agreed upon at the time of employment.  We should get back to a true free market system where the government does not give a damn about health care, the financial system, what type of car is made, where we buy our oil from (including domestically) so that people can pursue their own self interests (much different a concept than greed) and when time get tough rely on family, friends, and neighbors for support.  Imagine the type of society we would have if you knew from the earliest age that if you behaved like an irresponsible jerk for most of your life and at some point needed help because of some misfortune it may not be there in the manner that is required.  Enough of the rant but the financial commentary that expects different results just because someone else is in control is flat moronic.</description>
		<content:encoded><![CDATA[<p>The idea that &#8216;greed&#8217; is a part of the free market should never come from anyone that pretends to be an educated person with respect to economics.  This line of rationalization however helps me understand the motives and ultimately the validity of authors comments and arguements.  This is a quasi-socialists mantra designed to arque for and in support of government control and requlation of the economy.  The following statement, in addition to the greed ~= free market, is very telling with respect to the position and desire of the author: &#8220;What I find most galling is that just one year ago Barack Obama was saying, “Elect me! Elect me! I am change you can believe in.&#8221;  Who in their right mind would ever place any hope in the statements of any individual who claims to be the person who can save everyone from the bad/evil people who control and make alot of money by being exactly the same as most other presidents (the person who has all the answers and we should just trust that they will do the right thing).  Exactly who do you think controls who is elected to the highest office in the nation?  By the way, there has probably been no president (except Ronald Reagan) since the 1800&#8217;s who believed in the free market.  The following statement is also telling: &#8220;A generation ago most people in America worked for a few institutions in their lifetimes.  Many had employer-paid healthcare and employer-financed defined benefit pension plans.&#8221;  Again, who in their right flipping mind would ever want to place the control of health care or retirement to someone or some entity who they do not know from a peasant farmer in China.  It is just plain stupid and a part of the problem that has built over the generations not something to be admired.  The only thing an employee should get from an employer is a check for the hours worked as agreed upon at the time of employment.  We should get back to a true free market system where the government does not give a damn about health care, the financial system, what type of car is made, where we buy our oil from (including domestically) so that people can pursue their own self interests (much different a concept than greed) and when time get tough rely on family, friends, and neighbors for support.  Imagine the type of society we would have if you knew from the earliest age that if you behaved like an irresponsible jerk for most of your life and at some point needed help because of some misfortune it may not be there in the manner that is required.  Enough of the rant but the financial commentary that expects different results just because someone else is in control is flat moronic.</p>
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		<title>By: Hu Flung Pu</title>
		<link>http://www.nakedcapitalism.com/2009/10/greed-is-not-good.html#comment-60237</link>
		<dc:creator>Hu Flung Pu</dc:creator>
		<pubDate>Fri, 16 Oct 2009 20:04:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/?p=5726#comment-60237</guid>
		<description>Beria, you lost me at &quot;son.&quot;

Vinny G., yes, that&#039;s why I noted that things had gotten out of control in the financial sector.</description>
		<content:encoded><![CDATA[<p>Beria, you lost me at &#8220;son.&#8221;</p>
<p>Vinny G., yes, that&#8217;s why I noted that things had gotten out of control in the financial sector.</p>
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		<title>By: links for 2009-10-16 &#124; dragstripGirl: this is heavy.</title>
		<link>http://www.nakedcapitalism.com/2009/10/greed-is-not-good.html#comment-60222</link>
		<dc:creator>links for 2009-10-16 &#124; dragstripGirl: this is heavy.</dc:creator>
		<pubDate>Fri, 16 Oct 2009 19:03:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/?p=5726#comment-60222</guid>
		<description>[...] Gier ist nicht gut B: Da jetzt alle wieder fr&#246;hlich und gierig an der B&#246;rse Geld verdienen und die Gro&#223;en wieder ordentlich einfahren, niedertr&#228;chtige Menschen anderen Menschen wieder ihr Hab und Gut abzocken und wir degenerierten, dummen, arbeitenden und sparenden Menschen uns freuen d&#252;rfen, weil wenn es der B&#246;rse besser geht, dann wird es bei uns auch bald besser werden, bleibt eigentlich nur das Zitat aus dem Jahre 1987 stehen: GIER IST GUT. Fickt euch. [...]</description>
		<content:encoded><![CDATA[<p>[...] Gier ist nicht gut B: Da jetzt alle wieder fr&#246;hlich und gierig an der B&#246;rse Geld verdienen und die Gro&#223;en wieder ordentlich einfahren, niedertr&#228;chtige Menschen anderen Menschen wieder ihr Hab und Gut abzocken und wir degenerierten, dummen, arbeitenden und sparenden Menschen uns freuen d&#252;rfen, weil wenn es der B&#246;rse besser geht, dann wird es bei uns auch bald besser werden, bleibt eigentlich nur das Zitat aus dem Jahre 1987 stehen: GIER IST GUT. Fickt euch. [...]</p>
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		<title>By: guttersnipe</title>
		<link>http://www.nakedcapitalism.com/2009/10/greed-is-not-good.html#comment-60170</link>
		<dc:creator>guttersnipe</dc:creator>
		<pubDate>Fri, 16 Oct 2009 15:01:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/?p=5726#comment-60170</guid>
		<description>IMHO capitalist greed alone, up to a point, is not necessarily bad provided that a level playing field is maintained. What has made greed so evil and destructive today is the obvious fact that certain participants have access and advantages that others do not (i.e. elitist bankers, et al). When a select few are permitted to construct and/or change the rules of play at any time to their benefit, and to the detriment of others, you get greed combined with corruption. This is evil at its finest and ultimately leads to destruction of the entire system.</description>
		<content:encoded><![CDATA[<p>IMHO capitalist greed alone, up to a point, is not necessarily bad provided that a level playing field is maintained. What has made greed so evil and destructive today is the obvious fact that certain participants have access and advantages that others do not (i.e. elitist bankers, et al). When a select few are permitted to construct and/or change the rules of play at any time to their benefit, and to the detriment of others, you get greed combined with corruption. This is evil at its finest and ultimately leads to destruction of the entire system.</p>
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		<title>By: Edward Harrison</title>
		<link>http://www.nakedcapitalism.com/2009/10/greed-is-not-good.html#comment-60132</link>
		<dc:creator>Edward Harrison</dc:creator>
		<pubDate>Fri, 16 Oct 2009 13:22:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/?p=5726#comment-60132</guid>
		<description>mechanic, you say &quot;Really, it is much worse than stated. Not only do we envy greedy winners, We despise the victims as slothful.&quot;  

In a new post furthering this discussion I quoted the following:

&quot;Greed is something that can never be satisfied. Greed and slothfulness have similarities in definition. The greedy and slothful both crave material goods as well as they have no desire to work for or to exchange anything of value for the object of their desires. The slothful will not work even for basic necessities much less add value to the world around them. The greedy will use deception to acquire material goods. The greedy will lie and use false pretenses to acquired goods at the expense of others.&quot;

It is the greedy who are slothful, not their victims.  But, I&#039;m sure that&#039;s why you find it galling that the victims are labelled as slothful.</description>
		<content:encoded><![CDATA[<p>mechanic, you say &#8220;Really, it is much worse than stated. Not only do we envy greedy winners, We despise the victims as slothful.&#8221;  </p>
<p>In a new post furthering this discussion I quoted the following:</p>
<p>&#8220;Greed is something that can never be satisfied. Greed and slothfulness have similarities in definition. The greedy and slothful both crave material goods as well as they have no desire to work for or to exchange anything of value for the object of their desires. The slothful will not work even for basic necessities much less add value to the world around them. The greedy will use deception to acquire material goods. The greedy will lie and use false pretenses to acquired goods at the expense of others.&#8221;</p>
<p>It is the greedy who are slothful, not their victims.  But, I&#8217;m sure that&#8217;s why you find it galling that the victims are labelled as slothful.</p>
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		<title>By: mechanic</title>
		<link>http://www.nakedcapitalism.com/2009/10/greed-is-not-good.html#comment-60100</link>
		<dc:creator>mechanic</dc:creator>
		<pubDate>Fri, 16 Oct 2009 11:12:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/?p=5726#comment-60100</guid>
		<description>Really, it is much worse than stated. Not only do we envy greedy winners, We despise the victims as slothful. 

Why aren&#039;t we in the streets ? 

Raising the marginal tax rates on the big paychecks is really the most direct way for us all to share the wealth. The effect of marginal rate tax cuts are non-linear, positive when the rates are high and incomes are moderate (low wealth concentration) , but utterly disasterous when rates are low and incomes are high (high wealth concentration). 

Tax all earned income the same, no more free ride for the idle rich. 

Tax the hell out of unearned income icluding, and especially, inheritence and gifts and gambling winnings. 

The tax law is the most direct form of control of the elite by the masses.

Pass a national health bill that guarantees health care through a public health service. Delete the so called health insurance model from the landscape. It doesn&#039;t work.</description>
		<content:encoded><![CDATA[<p>Really, it is much worse than stated. Not only do we envy greedy winners, We despise the victims as slothful. </p>
<p>Why aren&#8217;t we in the streets ? </p>
<p>Raising the marginal tax rates on the big paychecks is really the most direct way for us all to share the wealth. The effect of marginal rate tax cuts are non-linear, positive when the rates are high and incomes are moderate (low wealth concentration) , but utterly disasterous when rates are low and incomes are high (high wealth concentration). </p>
<p>Tax all earned income the same, no more free ride for the idle rich. </p>
<p>Tax the hell out of unearned income icluding, and especially, inheritence and gifts and gambling winnings. </p>
<p>The tax law is the most direct form of control of the elite by the masses.</p>
<p>Pass a national health bill that guarantees health care through a public health service. Delete the so called health insurance model from the landscape. It doesn&#8217;t work.</p>
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		<title>By: Daily Digest for October 16th</title>
		<link>http://www.nakedcapitalism.com/2009/10/greed-is-not-good.html#comment-60097</link>
		<dc:creator>Daily Digest for October 16th</dc:creator>
		<pubDate>Fri, 16 Oct 2009 11:06:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/?p=5726#comment-60097</guid>
		<description>[...] Shared Greed is not good. [...]</description>
		<content:encoded><![CDATA[<p>[...] Shared Greed is not good. [...]</p>
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		<title>By: Vinny G.</title>
		<link>http://www.nakedcapitalism.com/2009/10/greed-is-not-good.html#comment-60078</link>
		<dc:creator>Vinny G.</dc:creator>
		<pubDate>Fri, 16 Oct 2009 09:35:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/?p=5726#comment-60078</guid>
		<description>Great words, Jerry. I talk to a lot of downtrodden people too, most very ill and helpless. People who have lost everything, including their health. And them I turn on this lying tube to hear about some overweight old fart bitching that he/she may lose some of their Medicare benefits. I wonder how many of those old people who were shouting and screaming at those townhall meetings last summer have children and grandchildren who cannot afford health insurance. 

And there are more and more downtrodden people every day, it seems. I ride the EL (Chicago&#039;s outdated subway system) every day, and I can see how during these past few years there are more and more people who just look very poor, ill, marginalized, and (hopefully) angry. One does not usually see those people by driving to work, which I almost never do anymore. And downtown Chicago, where I work, there are more and more homeless folks on the streets. It&#039;s getting cold in Chicago now, but if you take a walk after 9 pm in the &quot;Loop&quot; (downtown area where most banks are), you see hundreds of people sleeping on the sidewalk in broken sleeping bags or dirty comforters. A few weeks ago I was having dinner at a restaurant with a sidewalk terrace, and every 2 minutes or so there was another person that stopped to ask me for money. Most did not look homeless. I really don&#039;t know what kind of country we are becoming, leaving so many fellow citizens behind.

We are so far removed from “love your neighbor as yourself”... God have mercy on us.

Vinny G.</description>
		<content:encoded><![CDATA[<p>Great words, Jerry. I talk to a lot of downtrodden people too, most very ill and helpless. People who have lost everything, including their health. And them I turn on this lying tube to hear about some overweight old fart bitching that he/she may lose some of their Medicare benefits. I wonder how many of those old people who were shouting and screaming at those townhall meetings last summer have children and grandchildren who cannot afford health insurance. </p>
<p>And there are more and more downtrodden people every day, it seems. I ride the EL (Chicago&#8217;s outdated subway system) every day, and I can see how during these past few years there are more and more people who just look very poor, ill, marginalized, and (hopefully) angry. One does not usually see those people by driving to work, which I almost never do anymore. And downtown Chicago, where I work, there are more and more homeless folks on the streets. It&#8217;s getting cold in Chicago now, but if you take a walk after 9 pm in the &#8220;Loop&#8221; (downtown area where most banks are), you see hundreds of people sleeping on the sidewalk in broken sleeping bags or dirty comforters. A few weeks ago I was having dinner at a restaurant with a sidewalk terrace, and every 2 minutes or so there was another person that stopped to ask me for money. Most did not look homeless. I really don&#8217;t know what kind of country we are becoming, leaving so many fellow citizens behind.</p>
<p>We are so far removed from “love your neighbor as yourself”&#8230; God have mercy on us.</p>
<p>Vinny G.</p>
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		<title>By: Vinny G.</title>
		<link>http://www.nakedcapitalism.com/2009/10/greed-is-not-good.html#comment-60076</link>
		<dc:creator>Vinny G.</dc:creator>
		<pubDate>Fri, 16 Oct 2009 09:11:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/?p=5726#comment-60076</guid>
		<description>Thank you, DownSouth. Indeed, these are very interesting lectures.

BTW, I teach psychology and psychiatry also. Although my teaching is oriented more toward the clinical and applied aspects of training clinicians.

Vinny G.</description>
		<content:encoded><![CDATA[<p>Thank you, DownSouth. Indeed, these are very interesting lectures.</p>
<p>BTW, I teach psychology and psychiatry also. Although my teaching is oriented more toward the clinical and applied aspects of training clinicians.</p>
<p>Vinny G.</p>
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