It’s funny how greed only afflicts the other guy. With John McCain jumping on the anti-avarice bandwagon, the consensus that the greed of rich Wall Street CEOs, analysts, and investors is to blame for the financial market turmoil now spans the New York Times editorial page, the Democratic punditocracy, and the highest reaches of the Republican ticket. Liberal columnists, university professors, and crusading politicians railing against market selfishness are all supremely confident that their own salaries reflect exactly their worth and not a penny more—because they would never seek to make a profit from their labor, right? It’s also axiomatic...
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Greed Is for Other People
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