Is Greed Good? by John Stossel [6 part YouTube video]
Part 1: http://www.youtube.com/watch?v=J5RPJkYU2Js
Part 2: http://www.youtube.com/watch?v=1FMD76SGLOg
Part 3: http://www.youtube.com/watch?v=7QNo_OyF3Uc
Part 4: http://www.youtube.com/watch?v=01XeCoTWKtg
Part 5: http://www.youtube.com/watch?v=srodAPzdQdk
Part 6: http://www.youtube.com/watch?v=oXQgl0eUzF4
Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
I know oliver stone was being ironic when he wrote that, but he was spot on accurate. A great movie... I think if you're blessed enough to be entrusted with great wealth, you should pass it on to others so they too can enjoy the benefit. If I ever had money I'd want to give it away in unique ways that specifically help people - whether it's education, healthcare facilities, churches, etc... Seems like it'd be more fun than just buying $1 billion in Ramen and shipping it somewhere.
The best way to help people is not to give them money, but to use that money to build businesses, either by investing in them directly, or via public markets, etc. You just give it away and it becomes a curse... for instance, a lot of the poverty in africa is due to aid killing local businesses-- there are no tailors anymore because the western world ships them shirts en masse, and so they just sell those... Frankly, I'm of the opinion that the number one cause of poverty, world wide, are misdirected and ignorant attempts to "help people". Certainly, social security, for instance, is the number one cause of poverty among the elderly in the US. What's with the political threads? This and Ron Paul... what happen today? I wish I could downvote these threads.... Actually, if you watch the clips, its more about economics than politics, although one could make the stretch to politics / morals. Everything stossel does is political.
Really? I haven't kept up with the guy. Does he make endorsements of various parties and candidates? Is he a prominent member of some political party or a spokesman for one?
No, he doesn't. He generally reports on things in a pretty factual way... the only politics is in his choice of topics to cover. He's a libertarian. haha i think i watched this in my highschool econ class.