invisible hand

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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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The failures of neoliberalism

This article was featured in the 2013 edition of Equilibrium, our annual print publication.

‘The salient failure of the current financial crisis is that it was not caused by some external shock … the crisis was generated by the system itself.’—George Soros

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