Is Capitalism Based on Greed?
Ever since Gordon Gekko’s character in 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 misconceptions are even prevalent in the evangelical world, as preachers like Tony Campolo insist that the greed principle underlies the modern capitalistic system of America. Many well-meaning evangelicals, who have a genuine care for the poor, find themselves drawn to the rhetoric of people like Campolo and their disdain for capitalism.
In light of this anti-capitalistic climate, I … Continue reading...