Monday, March 30, 2009

Greed - good or bad?

I love this for many reasons. It is a short discussion on capitalists. And it doesn't make any comment on social safety nets. There is a place for safety nets, but there has to be a place for capitalism for the benefit of us all.

This video is an interview clip with Milton Friedman (July 31, 1912 - November 16, 2006): American economics,statistician and recipient of the Nobel Memorial Prize in Economic Sciences.

This leads to my other belief "There's no such thing as an altruist," which sounds offensive on the surface, but we're all out to gain something even if its just to feel good about ourselves, and that's okay.

(Thanks Paul for sending the clip.)

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