Greed

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18 Sept 2022
28

Greed is the unbridled desire to expand one's possession or consumption of worldly goods (such as food, money, land, or living or inanimate objects), as well as social values like prestige or power. Because it causes behavior-conflict between personal and group aims, greed has been identified as undesirable throughout recorded human history.
The initial driving force behind (or goal of) greed and the behaviours connected to it might be the support of individual or familial survival. It could also be a sneaky or despotic intention to prevent rivals from accessing resources (for basic survival and comfort) or future prospects, giving it a negative connotation. Another possibility is to defend against or respond defensively to threats made against such barriers by others. But regardless of the motivation, greed aims to unfairly distribute or restrict access to the wealth of the community.

Even in its earliest writings, modern economic philosophy usually distinguishes between greed and self-interest and expends considerable effort defining the border between the two. Economic and political intellectuals started to characterize greed as a negative and inhibitor to the development of societies by the middle of the 19th century, influenced by Hegel's phenomenological theories. Keynes stated, "Private and societal interests do not always meet in the world because it is regulated from above." Here below, they are not controlled in such a way that they actually line up. Both points of view continue to raise important issues in contemporary economic theory.
According to Weber, the spirit of capitalism included an avaricious ideology tinged with utilitarianism. According to the Protestant Ethic, according to Weber, "Wealth is thus bad ethically only inasmuch as it represents a temptation to idleness and immoral enjoyment of life, and its acquisition is evil only when it is done with the intention of subsequently living happily and without care."

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