Greed is what keeps capitalism from working it's best. And because people are greedy, every economic system will have be effected. If not for greed, every ecoomic system would work perfectly, in theory, in my opinion.
Thank you for your reply.
Can you explain how greed keeps capitalism from working its best?
Capitalists claim totally opposite of what you claim. They say that greed actually is the one that makes people work under a capitalist system. They claim without greed humans cannot work enough and they will be lazy and whole planet would fail.
I'm interested to know how greed keeps capitalism from working its best, then? Greed is a bait used by bourgeois to make men work their best. When in fact, studies proves that a human works best only when he works for his passion and the work he loves doing. That is his/her best shot. Greed proves to make men lose their lives working off whole days without happiness. Some even quit their jobs and get to depression out of overworking for greed. In the end a perfect man finds happiness only in the labor(job) he loves.
My colleague has a well paying job. He gets all facilities and he manages to be upper middle class. He works 10 hours a day and gets extra amount of pay for his work. In just one year, he feels isolated he doesn't get enough sleep. He has no time for family. He has no time for himself. His whole life is workaholic. That's the image of a greedy man in capitalist society.
I can start with my understandng of capitalism and greed.
First, capitalism:an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Now greed: intense and selfish desire for something, especially wealth, power, or food.
According to pew research, a little over ten percent of the workforce are peopke working for themselves, which means almost 90 percent of he workforce are someone's employee.
Now, in order for self employed to compete with the employers who have so much manpower divided amongst so many, they have to work pretty hard, and that is understandable. But the other 90 percent are at the mercy of greed, in terms of how MUCH profit the employer wants to make. To make this profit, employers are often seeking to pay as little as they can get away with, and charge as much as they can get away with. This leaves products and services that are more and more out of reach for those employees that are making pittance. The balance does not work when the approach is motivated by self promotion instead of a community uplift approach. That is what I mean when I say if not for greed, the system works fine. If the approach was less about more and more profit, and more about balancing cost of living with the wages paid, it would work perfectly.
