Greed – Intense and selfish desire for something, especially wealth, power, or food. (Oxford American Dictionary).
President Obama and others in Washington have been vilifying “the rich” for months, saying among other things that they don’t pay their “fair share” in taxes. The greedy “rich” apparently want to keep all of that money for themselves, the selfish SOB’s.
And now we are hearing about “corporate greed” and all of the selfish people on “Wall Street”. Why do they hoard all of that money; why don’t they hire some people or do some such generous and appropriate activity with that money; spread it around, you know? But no, they keep it all for themselves. How greedy; they need to be punished.
I have a different view. There is a much bigger, much more powerful, much greedier villain out there: the federal government. I am organizing a new “occupy” movement. I want “we the people” to rise up and march on Washington to send a message to that huge, bloated, selfish bureaucracy and its protectorate (i.e., politicians).
Let me tell you a story about one of the “greedy” corporations I worked for. It was, at the time, a mid-sized, growing company with great prospects. Their goal was to dominate their market by way of superior products, which would lead them to becoming a big company. But, along the way, there was a business slowdown. In order to remain at a sustainable profit level and keep going toward the future growth that would no doubt return, the company President decided that two actions would be taken: 1) There would be a six percent reduction in the workforce, and 2) All executives, of which I was one, would take a ten percent pay cut. And so it was done. It wasn’t pleasant, but that’s what well-run companies do when their income goes down and it no longer lines up with expenses. In this case, the growth did return. Today that company is the dominant player in its market, is very profitable, and provides high-paying jobs for tens of thousands of people.
This is just one of an untold number of such stories in the corporate world.
How about Apple Computer, whose founder, Steve Jobs, tragically died of cancer at a young age recently? Steve Jobs literally started Apple Computer in his garage, with his high school buddy. After some initial success with his fledgling company, Steve Jobs was fired from the company he founded by the person he himself had recruited to take over as President so that Steve could focus on the technical innovation side of things. He then founded another company, sold it to Apple, returned to Apple again as part of the deal, and the rest is history, as they say. Today, Apple Computer is wildly successful, has revolutionized the way we get and use information, employs 46,000 people, has created thousand of other jobs in suppliers, has made millionaires of hundreds of its employees through stock option grants, and has more cash on hand than the U.S. government!
Is Apple Computer greedy? If so, give me more of it. All of those job holders plus the roughly seventy percent of Americans who are either directly or indirectly dependent upon corporations for some of their financial well being through the stock market, mutual finds, or retirement plans would probably agree.
Was Steve Jobs greedy? When he died, he was worth billions, and was also the largest shareholder in Disney Corporation (through another brilliant deal of his). Does he really need that much money?
I celebrate what Steve Jobs did. It’s the quintessential American story. Look at how many other people his “greed”, if you want to call it that, has enriched.
I don’t want to soak the rich such as Steve Jobs and others of his ilk; I want to join them!
Contrast these stories with the government’s intense desire for money and power.
During the last three years or so, our economy has gone through some very tough times, and it still is sickly. Obama has said that we were at the “precipice” economically. Given all of that, has the government cut back any? Has Congress taken a pay cut? Have any of Obama’s multitudinous czars taken a pay cut? Has the federal bureaucracy been cut? Has anybody in the federal government lost his job due to a reduction in force? Has federal spending been cut such that the budget is balanced, as corporations do routinely when times are tough?
None of that has happened. Quite the contrary. Obama is telling Congress it needs to spend MORE, and he is calling for higher taxes. Think about that. In the midst of all of this economic carnage, his response is to go on yet another spending spree and to demand that the federal government be given more of our money.
No, I don’t worry about corporate greed, because corporations have very limited power over me. In most instances, I can simply walk away from them if I think they are misbehaving. Corporations can’t pass a law requiring me to do something.
But the government, now they have real power over my life.
I worry about a government that is continually demanding more money from whomever seems to be the most promising target at the time. I worry about a government so power crazed that it wants to get total control of the very air that I breathe. I worry about a government that is so hell bent on exercising absolute control over my life that it is trying to seize the medical system and associated decisions that determine whether I live or die. I worry about a government that is completely incapable of showing even a modicum of financial responsibility. I worry about a government that is starting to tell me what I can and cannot eat. I worry about a government that pits one group of Americans against another in class warfare rhetoric to foment hate, under the strategy that if the people are fighting amongst themselves, the government can do pretty much what it wants. I worry about a government that uses its “bully pulpit” and the force of law in these ways.
If that’s not “greed”, then the word has no meaning. Government greed is the most dangerous kind, because it’s extremely difficult to rein it in. That’s the greed we should all be worried about it.