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Can you even have capitalism without greed? Greed is just a pejorative term for self-interest, which is a core assumption in the treatise of capitalism. It can'
by vertexFarm 8y ago
Can you even have capitalism without greed? Greed is just a pejorative term for self-interest, which is a core assumption in the treatise of capitalism. It can't exist without it.
It just needs to be limited. You can't have lassis-faire capitalism forever because the people who are most successful will change the initial conditions and it will no longer be lassis-faire. So you need some kind of control outside the free market. The free market alone is not corruption-proof in any way.
- quadrangle 8y ago> Greed is just a pejorative term for self-interest Greed is a correctly pejorative term for pursuing power and wealth beyond what people actually need to live well enough. Self-interest prior to reaching that point is not greed. Capitalism is defined as private ownership of means of production and core resources. It doesn't inherently require greed. I agree with your second paragraph, btw.