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I think that it is animal nature to be greedy. I say animal, because a lion will kill another animal for personal gain without thinking that the other animal is a mother of two who will surely die now. Everything we as humans so is for personal gain. Sure, we donate to charities and feed the poor because it is the right thing to do or to make ourselves feel better.

There is no political or economic system without greed. Capitalism has its fair share of greed and a democracy is not free from greed either. Why does a millionaire spend millions of dollars to run for mayor of New York City which will pay him $250,000 a year. If his goal was to make the city a better place, he could of grabbed a broom and still had money in the bank.

Socialism and capitalism will fail as soon as the doctor realizes he went to school for 8 years to make the same as the crossing guard. On paper, this is a great fair system but it does not give anybody any reason to do the best that they can when it will put the same amount of food on the table as if they did nothing.

Capitalism is the current system we have and it is full of faults. Human kind has not found the perfect system and they never will. It is in our natural instict to do what is best for me, like a lion. But, capitalism does allow me to try and do the best for me.

In order to come up with your percentage (75%), I guess you know a whole lot of unemployed people? or do you know 4, and 3 of them “make no effort”, therefore, your conclusion is that this percentage must be across the board with all unemployed?

Ignorance is a dangerous thing, JEB.

This is how the Democrats stay in power; the BRIBE the welfare bums and illegals with welfare and promises of easy citizenship.

There is no supply-demand change created by the storekeeper, the supply-demand change was caused by the SNOWSTORM. There is simply the enrichment of the store owner at the expense of everyone else who may need the necessities that he happens to be hoarding.

Your ethical voice does you credit. The thing that needs to be understood is that “greed” in an ethical discussion is not the same as “Greed” when it comes to Economic theory. The problem is too many people, including many Economists, cannot separate the two concepts.

When it comes to the economic concept of greed we are discussing self interest. For instance Economics would consider going to school to get a degree so you can get a better job as being motivated by “Greed” because you want to make more money for the time you invest doing a job. Thus the mail clerk that invests his nights going to university so he can become a manager is motivated by “Greed.” Now he may well give away a portion of his new earnings to charity demonstrating his ethical altruism so he may not be a “greedy” person from an Ethical perspective, only from an Economic perspective. Working your way up the chain of command to CEO is Economic “Greed” rather than Ethical “greed.”

When examining a curve it is important to know what is going to influence it. The basic economic concept is that if you have two products of equal utility sitting side by side (metaphorically called “widgets”) and one costs $1.00 and the other costs $2.00 then the typical consumer will purchase the widget that costs the least and this is motivated by “Greed” (likely you would call it common sense). The more a widget costs the less likely you are to sell it because of “Greed.” If you buy a Prada bag for $100.00 rather than a Target bag for $10.00 you were motivated by “Greed” because there is a perception (real or not) that the Prade bag is superior. As my high school economics teacher was fond of saying, “Man is a maximizer” which simply means we want more for less. You go to sales because you are “Greedy” not because you are “greedy.”

They do share some of the same components but there are conceptual differences that can be dangerous if they are not kept firmly separated.

The thing to remember when examining Capitalism and the concept of Greed is that Smith himself talked of the dangers of excessive Greed in the market (monopolies and oligopolies) and the stifling effect it has on the Market and the ability of the “Invisible Hand” to properly regulate prices. This is something I find difficult when discussing Capitalism with laissez faire purists because Smith admits that the free market occasionally needs a firm regulatory hand and they fail to recognize the wisdom of their own demigod.

“You can’t reason someone out of a position they didn’t reason themselves into,” (quote unknown), so I won’t try to change your mind about capitalism and greed. I would, however suggest that you read Thomas Sowell’s ideas on this subject. Dr. Sowell’s articles can be found on Townhall.com and he has written very recently on this very subject. The fact that you are reading and posting on this site indicates that you are a thinker and that you are open to new ideas. I believe that Dr. Sowell can help you see greed and capitalism from a new perspective. If he doesn’t change your mind, he will at least provide you with some powerful insights into the subject.