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submitted 10 months ago by lledrtx@lemmy.world to c/workreform@lemmy.world
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[-] AllonzeeLV@lemmy.world 13 points 10 months ago* (last edited 10 months ago)

Right, but there's no term for being greedy, sociopathic, or engaging in hoarding in economics.

They fall under Orwellian double speak terms that make them complimentary, "rational self-interest, creating externalities, curtailing redundancies" etc. Language designed to turn their sins into their achievements.

Considering the central prominence of greed in our economy, it's a glaring ommission that the capitalists and economists themselves seem to have forgotten that word, or to create an economic term for greed that isn't complimentary.

They are driven almost entirely by insatiable greed, yet the term is never uttered in their earnings reports or economic news.

They seem to want the concept of greed as the pejorative it is to be forgotten entirely, despite it demonstrably being their core value.

[-] SinningStromgald@lemmy.world 3 points 10 months ago

Greed is the best descriptive word and incredibly negative as you've said. No reason to make a more negatively charged word. The tale of Midas, and others, demonstrate how destructive and harmful greed is.

Midas has always stuck with me since I first heard the tale and in a way informed who I am today, especially my political leanings.

this post was submitted on 19 Jan 2024
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