Paper 1 - Greed, for lack of a better word, is good. Greed...

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“Greed, for lack of a better word, is good. Greed is right. Greed works.” This quote by MichaelDouglas, as Gordon Gekko in the 1987 film “Wall Street” is not all that different than whatAdam Smith wrote about the invisible hand.His writings explained that efforts of individuals insearch of their own self-interest made society as a whole better off.The definition of greed “isthe excessive desire to have or possess more than what one needs.”That said how do wedetermine how much someone needs?Is it ok for me to eat in a restaurant when others starve allover the world?When an athlete sings a contract for $100 million dollars in the open market isthat greedy? Is it ok for a home builder to seek the highest possible return when he sells a homehe built?Many people feel that having it is alright when getting is not and that is the part that
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