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David Brin: Greed, Oligarchy & Marx

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Source: This piece was originally posted at FRS Daily View Plus

I’m going to quote Milton Friedman here in his 1979 interview on the Phil Donahue Show that you can see here as well. But Phil asked Professor Friedman essentially, what is greed and tried to explain why he believed greed was a bad thing. With Milton replying by saying, “what is greed? Do you think China, Japan, Russia and Europe don’t run on greed? Do you believe we as Americans aren’t greedy?” And he jokingly said which got a laugh from the audience, “it’s only the other guy whose greedy.” I would’ve added while everyone else is selfless. But Milton’s point there was perfect. Greed according to Webster’s, “is a selfish and excessive desire for more of something (as money) than is needed.” Which could cover a whole lot of territory. I mean all we really only need to be able to move around, have enough food, a place to stay, security and health care, in order to survive and keep living.

I’m not making the case for excess…