Is Capitalism Based on Greed?
Ever since Gordon Gekko’s character in the movie Wall Street uttered the phrase, “Greed is good,” there has been a wide-spread and oft-repeated myth that capitalism is based on greed. And, so the argument goes, if capitalism is driven by a sinful desire (greed), then it must be rejected as an immoral system.
Such issues have come up again in recent months as a number of new members of congress (and old members) are pushing the country away from capitalism and towards socialism, mostly on moral grounds. Even some well-meaning evangelicals, who have a genuine care for the poor, find themselves drawn to this new movement and its disdain … Continue reading...