Is greed good?
Merriam Webster defines greed as follows:
A selfish and excessive desire for more of something (as money) than is needed
Examples of GREED
He was a ruthless businessman, motivated by naked ambition and greed.
<don’t let greed for riches control you>”
The phrase comes from Gordon Gekko’s soliloquy in the 1987 movie, Wall Street. The film was only echoing the spirit ushered in with the Reagan Revolution. The 1980s were the beginning of the age of the leveraged buyout, junk-bond kings, raiding corporate coffers and pension funds, off-shoring all the jobs, selling the property and equipment and leaving one grand old corporation after another without resources to repay crushing debt. Gekko says he doesn’t destroy companies, but we now know that the corporate raiders almost always did destroy companies. They invariably destroyed jobs here and shipped them overseas. The companies they did not completely destroy, they looted and left crippled with debt—THEIR debt used to buy the company.
New tax and corporate laws allowed the LBO experts to use a company’s own cash reserves and pension fund equity along with a handful of their own cash to finance the buyout. It was then a simple matter of siphoning off all the company’s cash assets to the new owners, often giving them a profit of 100 to 1 on their investment, then dump the company before its imminent bankruptcy caused by all the new debt made that impossible.
So if greed truly is good, for whom? The handful of corporate raiders, hedge fund managers, Wall Street investment bankers, and law firms who profit so massively from it, or the nation in general? If greed is good, where are the jobs its supposedly creating?
Why do so many Christians support a party that actually claims greed is good? After all, what is greed if not the lust for mammon? 1 Timothy 6: 9–11 says:
“9—But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.
10—For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
11—But thou, O man of God, flee these things; and follow after righteousness, godliness, faith, love, patience, meekness.
The word translated as “money” in the King James Version came from late Latin, and was drawn from the earlier Greek ’μαμμωνάς’, Syriac ‘mámóna’ (riches), and was an Aramaic loan word in Hebrew meaning wealth
According to Wikipedia”:http://en.wikipedia.org/wiki/Mammon, ”Mammon is a term, derived from the Christian Bible, meaning dishonest gain. The term is used generally to describe material wealth or greed, most often personified as a deity.” It covers the lust for the things of this world and the flesh. Greed.