Economic Analysis of Business Practice
Yes, Here is another justification for capitalism and greed. The video shows that greed (but really self interest) puts beef on the table. I agree, Capitalism puts beef on the table, but so does Socialism and Communism. However, all of this is just one side of the story How about before capitalism – everyone was allowed to hunt and own cows. The laws of a capitalistic society cannot own cows, rabbits, chicken, and/or goats in my city - you have to live in the country far away from other people. Why? It might interfere with the beef industry. I cannot fish in the lakes or rivers without a permit and they put limits on it plus they let industries dump toxic wastes into the waters. How did people eat and live before Walmart?I respectfully disagree with the video in that that CEO's justify making $100,000.000 and its workers make minimum wage or slightly above. That its board members make profits of billions of dollars a year and yet, cannot pay health insurance for its workers (like Walmart and etc.). I cannot agree that this is fair.
Greed is always the worst thing for anyone, if we have not got much control then we are always likely to face struggle, so that’s why I feel it’s one of the keys to success having control over greed. I am doing trading yet I have complete control over everything and this is all due to my broker OctaFX which provides me great rebate service to get 15 USD profits per lot size, it is given even on losing trades, so that’s why I love it!