Gordon Gekko[2010] -- "Greed" is NOT "good" ; "Money" IS "evil"

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[KiPCommunity]

This is a bad example of what Greed is. What this actor in this film is explaining is Gluttony, not Greed. You see in this clip he is trying to equate greed to stupidity, which is based on false premises. That somehow because we are greedy it makes us want to refinance our home at 250k and just squander it? This is absolutely false, because a greedy person would refinance and then reinvest and make a profit. Yet a gluttonous person would obviously squander this money because of gluttony.

[wifferste]

Excessive greed is not good. He said was speculation is evil. However, I don't fully agree with that because it depends how it's used. Speculation can be managed as long as the risk is. Understanding the risks requires more financial education than most people have. I really think the real problem is the lack of financial education.

[nellamanodestra]

Leaving a lot of people on the streets. Life is tough for all of us and complex systems need for time, intelligence and a lot of good willing people in order to reform for the better. I don't hold judgements for you and if you could walk out of the crisis in good terms then I'm happy for you. BUT I give my opinions for all the people who come around looking for clarity because I feel like they should get a clear perspective to see the rising sun behind the ashes

[nellamanodestra]

Just as a building has its measures, so does nature, society and economic systems. In our present system economic growth is unreal and unrepresentative of its real-economy backing. The debt based system is un sustainable and trying to spiral it to infinity will not hold it together. Investing in speculation (investing in tools to reduce risk is accessory to a real investment it can never be an investment itself) can do nothing but create a bubble that is meant to explode...

[nellamanodestra]

As far as definition goes it is. To say that my point has fallacy in it is to say that it's logic is misleading which is not, the logic I called forth to express my opinion really is perfect.

Now lets suppose for a second than gluttony is not only for food, but for goods too, then glutony and greed are the same. The underlying principle of gluttony, greed and the other five capital sins is the excess (i.e. lack of balance) that lies at their core.

[TheLAKERSareGodsTeam]

Evil begins and ends with people, not money.

[ThisIsTurok1]

You wanna know the funny part?

8 out of 10 people have no clue what Michael Douglas (Gordon Gecko) is talking about. That's how stupid our society has become.

[KiPCommunity]

Go study Austrian Economics. It is by far the best thought on economics. No other school of thought even compares to Austrian Economics.

[KiPCommunity]

Gluttony is not only pertaining to food. You are using selective context in order to prove a point which is a fallacy in and of itself. Gluttony also pertains to a self indulgence. Greed is just a kind of hoarding of goods, which is also in the financial world what we call "Capital". Greed is a kind of savings, people hoard goods for some kind of later use, usually to make more money. Now if all the greedy bastards are getting all the paper money and we get the goods, what's so wrong with this?

[jouny99]

Well I absolutely love the Wall Street movies and reading everyones comments on this clip, where whould one go to gain financial education, where would you start? what books would you read and what authors would you recommend to enhance ones' financial mentality? Anyone wanna' give me a hand with this? @nellamanodestra @wifferste

[nellamanodestra]

No amount of financial education that sustain a bankrupt system.

[nellamanodestra]

So they designed a system by which they could charge a commission and get rid of the invaluable asset they were backing, bank employees got their piece so everyone was happy. That was until the system passed the bill. So you see, it is not banks, it is not bakers, it not economist, the ones who are to take the blame for what happens, it is the uncontrolled greed of any individual who creates and feeds such bankrupt system, economy is a closed circuit. IMHO that's what he intended to convey