What is Greed?

I have been been inundated by hits as a result of an Internet search to “Greed”.  This is what I posted about the word some time ago:

Awhile ago, Neil Boortz offered a challenge to his listeners; Define Greed.

See, Boortz is a Libertarian [good on him!] and the general feeling amongst Libertarians is that greed is used as a descriptor to generalize capitalists.  That is; Capitalists are “greedy”.

I agree with Boortz’s general assertion; Capitalists are NOT all greedy.  And more specifically, capitalism is not necessarily greedy.

However, that doesn’t change the point of the definition of the word “Greed”.

Let me take my shot at the definition:

GREED:  That condition, wherein an individual or organization, willfully attempts to accumulate more of a “thing”, be it money, power or prestige, by restricting the Rights and Liberties of another individual or organization.

Greed is meant to be a negative word.  And that’s fine.

What is wrong is when it is applied to capitalism indiscriminately.

Here is what the master has to say about Greed:


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