Tag: greed
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What’s Better For Helping The Poor — Greed Or Charity?
NPR: What's Better For Helping The Poor — Greed Or Charity? Listen to the podcast here. Say you want to make loans to millions of poor women in the developing world, to help them climb out of poverty. Is it OK to raise money from rich investors, who expect to make a profit? Muhammad Yunus,…
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Greed Is Not Good, and It’s Not Capitalism
The American: Greed Is Not Good, and It's Not Capitalism Capitalism doesn’t need greed. What capitalism does need is human creativity and initiative. … The rhetorical problem with this approach isn’t hard to spot. Most Americans are at least nominally religious, with moral sensibilities shaped by the Judeo-Christian tradition. The Bible and the Christian tradition…
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Economic Definitions
Greg Mankiw's Blog: Pithy Political Economy (Via the Adam Smith Institute) "Need" now means wanting someone else's money. "Greed" means wanting to keep your own. "Compassion" is when a politician arranges the transfer. (Joseph Sobran)
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Capitalism, Adam Smith and the Sentiments
One of the most persistent errors repeated about capitalism is that capitalism is based on greed. Are there greedy, selfish people who use capitalism to their advantage? You bet! Greed and selfishness are part of the human condition and will be reflected in any economic system. This is not the question. The question is whether…