Quote:
Originally Posted by Sly
Greed is what pays our bills. It's what creates new and exciting products. It's what propels businesses, economies, and personal successes.Greed is good.
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Greed is a fantastic method of generating innovation.
Regulation is a fantastic method of generating stability.
The more necessary something is, the more regulation and less greed we should apply to it.
As a webmaster, getting greedy with some things can lead to much greater profitability. However, getting greedy with necessary things like hosting or domain registrars while risking downtime or the loss of a valuable domain just to save a few dollars per month rarely turns out to be a bright idea. The exact same thing is true on a larger scale.
Necessary market segments like Energy, Security, Banking, Transportation, Basic Healthcare, Food production etc are areas that require very stringent regulation. Other areas of life can be subjected to much more greed and there is plenty of room for greed within the limits set by smart regulation.
Unfettered greed gets you the BP oil spill, the banking meltdown, Enron, card-banging websites, Piracy etc... Intelligently regulated greed is what actually gets you what you want.
