Wednesday, October 15, 2008

need not greed

Our country has to change from an economy of greed to an economy of need. The difference is that an economy of greed often spends resources on creating a need (real or imagined) instead of identifying and meeting an authentic need. It often meets the need in an inferior way and then improves its product to better meet that need. The early IBM computer was a perfect example. Their first personal computers were sold with floppy drives and within a year there were hard disc drives available. The first disc drives weren't even the best technology then available. An economy based on greed wastes resources on creating needs without adding to the overall improvement of society. As the present stock market collapse shows, companies eventually run out of "improvements" and go into bankruptcy or collapse with the only beneficiaries being the chief executives, thanks to obscene bonuses and salaries.

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