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      greed is NOT good

THE CULTURE OF GREED


For lack of a better phrase, this is how I would describe what I feel is one of the underlying root causes for a lot of what ails our society. Greed mind you, has been around forever, but something happened in American culture in the early 80's that I think is significant. The glorification of conspicuous consumption, life styles of the rich and famous, the "Wall Street" battle cry...Greed is Good, and the list goes on. Folks, as I'm sure you'll agree, greed is NOT good. Greed does not grow the marketplace, it consolidates it. Greed gave us the S&L debacle, and the latest round of outrageous corporate and securities abuses. The net result of this, 20 plus years down the pike, is an American Society where the overwhelming majority of Americans are financially stressed. In my view, it is this stress that is driving the polarization of American Society. We need an American solution to this troubling dynamic.