7 ms·

Is Greed Good? by John Stossel [6 part YouTube video]

5 points by sri 19y ago

Part 1: http://www.youtube.com/watch?v=J5RPJkYU2Js http://www.youtube.com/watch?v=J5RPJkYU2Js Part 2: http://www.youtube.com/watch?v=1FMD76SGLOg http://www.youtube.com/watch?v=1FMD76SGLOg Part 3: http://www.youtube.com/watch?v=7QNo_OyF3Uc http://www.youtube.com/watch?v=7QNo_OyF3Uc Part 4: http://www.youtube.com/watch?v=01XeCoTWKtg http://www.youtube.com/watch?v=01XeCoTWKtg Part 5: http://www.youtube.com/watch?v=srodAPzdQdk http://www.youtube.com/watch?v=srodAPzdQdk Part 6: http://www.youtube.com/watch?v=oXQgl0eUzF4 http://www.youtube.com/watch?v=oXQgl0eUzF4

joeguilmette 19y ago
haha i think i watched this in my highschool econ class.
cellis 19y ago
Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
- BitGeek 19y ago
  I know oliver stone was being ironic when he wrote that, but he was spot on accurate. A great movie...
- uuilly 19y ago
  http://www.youtube.com/watch?v=wgQToMKIiSo http://www.youtube.com/watch?v=wgQToMKIiSo
Dauntless 19y ago
What's with the political threads? This and Ron Paul... what happen today? I wish I could downvote these threads....
- cellis 19y ago
  Actually, if you watch the clips, its more about economics than politics, although one could make the stretch to politics / morals.
  - far33d 19y ago
    Everything stossel does is political.
    - DanielBMarkham 19y ago
      Really? I haven't kept up with the guy. Does he make endorsements of various parties and candidates? Is he a prominent member of some political party or a spokesman for one?
      - BitGeek 19y ago
        No, he doesn't. He generally reports on things in a pretty factual way... the only politics is in his choice of topics to cover. He's a libertarian.
kirse 19y ago
I think if you're blessed enough to be entrusted with great wealth, you should pass it on to others so they too can enjoy the benefit. If I ever had money I'd want to give it away in unique ways that specifically help people - whether it's education, healthcare facilities, churches, etc... Seems like it'd be more fun than just buying $1 billion in Ramen and shipping it somewhere.
- BitGeek 19y ago
  The best way to help people is not to give them money, but to use that money to build businesses, either by investing in them directly, or via public markets, etc. You just give it away and it becomes a curse... for instance, a lot of the poverty in africa is due to aid killing local businesses-- there are no tailors anymore because the western world ships them shirts en masse, and so they just sell those... Frankly, I'm of the opinion that the number one cause of poverty, world wide, are misdirected and ignorant attempts to "help people". Certainly, social security, for instance, is the number one cause of poverty among the elderly in the US.

5 points by sri 19y ago

joeguilmette 19y ago

haha i think i watched this in my highschool econ class.

cellis 19y ago

Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.

BitGeek 19y ago
I know oliver stone was being ironic when he wrote that, but he was spot on accurate. A great movie...
uuilly 19y ago
http://www.youtube.com/watch?v=wgQToMKIiSo http://www.youtube.com/watch?v=wgQToMKIiSo

Dauntless 19y ago

What's with the political threads? This and Ron Paul... what happen today? I wish I could downvote these threads....

cellis 19y ago
Actually, if you watch the clips, its more about economics than politics, although one could make the stretch to politics / morals.
- far33d 19y ago
  Everything stossel does is political.
  - DanielBMarkham 19y ago
    Really? I haven't kept up with the guy. Does he make endorsements of various parties and candidates? Is he a prominent member of some political party or a spokesman for one?
    - BitGeek 19y ago
      No, he doesn't. He generally reports on things in a pretty factual way... the only politics is in his choice of topics to cover. He's a libertarian.

kirse 19y ago

I think if you're blessed enough to be entrusted with great wealth, you should pass it on to others so they too can enjoy the benefit. If I ever had money I'd want to give it away in unique ways that specifically help people - whether it's education, healthcare facilities, churches, etc... Seems like it'd be more fun than just buying $1 billion in Ramen and shipping it somewhere.

BitGeek 19y ago
The best way to help people is not to give them money, but to use that money to build businesses, either by investing in them directly, or via public markets, etc. You just give it away and it becomes a curse... for instance, a lot of the poverty in africa is due to aid killing local businesses-- there are no tailors anymore because the western world ships them shirts en masse, and so they just sell those... Frankly, I'm of the opinion that the number one cause of poverty, world wide, are misdirected and ignorant attempts to "help people". Certainly, social security, for instance, is the number one cause of poverty among the elderly in the US.