by Matt Schwartz
There is a vital distinction between "greed" and "selfishness".
An example of selfishness is the man who owns a bakery and wakes up every morning at 4:30 am to bake his goods, and works 10 hours a day 6 or 7 days a week so that he can provide for his family -- not for society at large, not for those who may or may nor be less "fortunate" than him -- but for himself and his family alone. This is true self-interest, and it fuels the world in a good and moral manner. An example of greed is when someone puts a gun to that man's head and robs him. An act ofselfishness occurs when one undertakes efforts at one's own expense to improve one's condition and further one's own interersts.
An act of greed occurs when one undertakes efforts at the expense of others to improve one's condition and further one's interests.
Greed is evil. Selfishness is great. (Milton Freedman)
I believe that if this simple distinction would be thoughtfully processed by a majority of people in this country, the perpetual liberal attacks on Capitalism and Free Enterprise would wither. This is why liberals constantly try to brainwash us into thinking that "selfishness" is "greedy," and therefore evil. They cannot tolerate the notion of people taking care of themselves because it is an assault on their socialistic vision of how to run a society.
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