Saturday, November 6, 2010

Greed is Good!

“Greed, for the lack of a better word, is good.”

Gordon Gekko (Wall Street) may have made this is a legendary statement, but I think we all believe it and practise it to some extent. Otherwise we won’t be a capitalist economy, we wouldn’t have a nearly double digit growth rate, nor would our domestic companies swallowing up ailing multinational giants. So yes, we are ALL greedy.

But very little of this greed is actually in terms of money; after a point, the marginal utility of money indeed diminishes. In one of my interviews, I was asked about exceptions to the law of marginal utility. I didn’t have the guts to say the obvious answer, i.e. “alcohol”. But there are other things which are probably more addictive than money or alcohol, that makes us insatiable, that makes us almost blind to the extent of greedy.

Power is one, freedom is another, and love is the other…

No comments: