greed

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The human condition: the economy’s worst enemy

Economic downturns and market crashes have long been accepted by society as the norm, yet we find ourselves in deeper holes as each financial crisis hits us. Is there a reason? Andrew Wong explains that we are the reason.

Greed, for lack of a better word, is good

‘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 evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA.’—Gordon Gekko, Wall Street (1987)

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Markets and morality

In recent years, the interrelationship between ‘free markets’ and morality has become increasingly apparent. Stories of corporate corruption, unethical animal testing and the exploitation of workers in third world countries arise frequently in the media.

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