Friday, October 24, 2008

Micah preached against greed

Greed is too close to ambition. Ambition is a protestant virtue. It is very difficult to separate an ambitious businessman from a greedy one.

No one knows when prices are excessive or when they are merely reflecting supply and demand realities.

No one knows when a salary is fair or obscene (executives, professional sports, celebrities).

No one knows when an interest rate is usuary or a reasonable return on risk.

No one knows when wages paid are fair or modern day slavery.

We can't preach against greed because we don't know what it is!

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