Wednesday, September 17, 2008

"Greed Is Good"

In the movie “Wall Street”, financial tycoon Gordon Gecko (played wonderfully by Michael Douglas) made a speech to shareholders in which he said, “Greed is good.” His point was that greed motivates the financial markets.

I would say that greed is not good, because unmitigated greed causes the kinds of problems we are seeing in the financial markets today, and what we saw with Enron, Worldcomm, and other failed companies earlier. Greed leads to taking bad risks, making bad decisions, doing unethical behavior, and other excesses that ultimately can hurt many people and even the nation.

What about Gordon Gecko’s point that greed fuels the financial markets? To that, I would reply that a desire for a reasonable return on an investment should be the motivating factor, not greed. Greed motives you to take unreasonable risks for a high reward, often with other people’s money.

When you have God in your life and you are trying to live according to biblical principles, then you will be less inclined to fall victim to greed. As a result, you will make better decisions, you will be ethical, and you will have a better life with less stress. God’s ways are always better than the world’s ways.

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