Article: In greed we trust.(Essay)

CHINESE philosopher Lao Tzu wrote 2,500 years ago: 'There is no calamity greater than lavish desires, no greater guilt than discontentment and no greater disaster than greed.' If he's right, we've concocted a mighty sick world for ourselves. The infamous 'greedy Eighties' turned out to be a mere dress rehearsal for one of the most spectacular greed surges in history, with jaw-dropping degrees of stock-market folly, corporate skullduggery, decadence, excess and high-octane narcissism. But, just as with the 'lessons of the Eighties', the 'lessons of the late Nineties' fall on deaf ears. The overriding lesson seems to be that greed is sweet for the economy.

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