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RE: Capitalism

in #greed2 years ago

This author did an excellent job of talking about what they gathered from the articles of this week. In the first part of this article, the author discusses how Gilder brings up that he believes that the main component or attribute of capitalism is not greed but is in fact empathy. This was a major part of Gilder's chapter three because he is trying to describe why capitalism is such a good structure for those who wish to make their life in a business or entrepreneurial way. The author then goes on to describe how Gilder explains the danger of giving into the other part of the equation, greed. This is important because when corporations or people give into greed they begin to separate themselves from their clientele and this is when their venture can start declining.
The author then goes more in-depth into the issues that greed can create in a capitalistic society. In the next section of this article, the author beings to discuss how in Gilders works he offers up a good explanation of why it is important for entrepreneurs or those in an entrepreneurial position should be wary of greed, and even though there is no big intellectual meaning that does not mean that the lesson is not important. Gilder simply makes the point that because when people become drunk with greed they slowly crumble into less than stellar humans and this, in turn, causes other people to not want to work with them. I know this seems like a silly reason but it really gives you something to think about because when you think of what kind of employer you would want to work with I do not know many who would pick a wildly successful boss who is tyrannical and treats their employees like dirt. It is much more common for people to choose a boss who puts them first and wants to see them succeed. To quote the author of this article Wealth is what we all strive for and is why we get into the things that we get into, but it is important to stay humble and do not fall to greed, because it can cause the venture to fail. I really liked this authors ending quote because in my eyes it seems to tie the whole article together really nicely