Saturday, February 21, 2009

Greed is Good

I think that greed is good because its the way this country and other successful countries have become powerful. You have to want the money in order to get the money. All companies that are successful is because they are greedy.

If people were not greedy then they would just be happy and not seek all the other possible ways for making money. Greed is what makes a corporation come up with new ideas and products to make more money. They will come up with different plans and different investments to make their business make more money. Many small companies will become greedy to be able to grow. I think that one thing that are made to make more money because of greed are extended warranties for cheap products. "A warranty is a guarantee or promise made by the manufacturer or seller that the goods offered really are what they are claimed to be." Essentials of bussiness law, Anthony Liuzzo,Pg 232. They will come up with many unusefule little things that will attract customers into buying them. Without greed, they would not be able to maintain themselves. “The owners of an LLC frequently have difficulty in raising additional funds to expand and maintain their business.” Essentials of business law, Anthony Liuzzo, pg 271.

Governments are also greedy. They will come up with many ways to get money for their departments and agencies. This makes countries get rich and powerful. Countries will be greedy about the products that they have access to. Countries can become greedy of a product like oil and ask for more money from others that purchase it from them. This is why all the oil companies have become very powerful that they can even influence the government.

I also think that greed is not good sometimes. Greed is the reason why there is a lot of corruption in the government. Governments will become influenced by large companies because of greed. They will make laws that will help the companies so that the companies help out the government.

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