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A high-school English teacher of mine once told our class, "If you can't get want you need, you try to get an infinite amount of some substitute." I think, in part, this accounts for the very intense greed and avarice in the absurdly rich. But something else appeared or reappeared in the Reagan era: people thought about money in different ways. I don't think my parents and grandparents thought much about investing; they thought about security. I don't think they admired rich people, although they may have envied them. They had a bittersweet attitude like the one expressed by Tevya in "Fiddler on the Roof" - "If I were a rich man...". In any case, somehow modern attitudes have resulted in intense wage slavery, with a focus on money instead of on living.

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Greed is at the heart of every bad decision that humans make. This includes pretty much ignoring climate change, which will lead to human extinction.

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Yes

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Good article. Reagan was the manifestation of Chicago School economics, originally perpetrated in South America. https://geoffreydeihl.substack.com/p/the-economy-we-need-to-save-ourselves I'm in favor of degrowth which I broke down here, but have little optimism will ever happen. https://geoffreydeihl.substack.com/p/degrowth-the-vision-we-must-demand

Capitalism will be dead soon. Oil will become economically unviable to extract, and that means bye bye to the renewable's economy, another form of environmental disaster. https://geoffreydeihl.substack.com/p/the-end-of-oil

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A high-school English teacher of mine once told our class, "If you can't get want you need, you try to get an infinite amount of some substitute." I think, in part, this accounts for the very intense greed and avarice in the absurdly rich. But something else appeared or reappeared in the Reagan era: people thought about money in different ways. I don't think my parents and grandparents thought much about investing; they thought about security. I don't think they admired rich people, although they may have envied them. They had a bittersweet attitude like the one expressed by Tevya in "Fiddler on the Roof" - "If I were a rich man...". In any case, somehow modern attitudes have resulted in intense wage slavery, with a focus on money instead of on living.

Expand full comment