Avarice, the love of money, is one of the seven deadly sins. Throughout world cultures, the belief is deep that avarice is an evil, to be avoided.
But there is also a noble intellectual tradition that holds that it is good for the economy. For the Scottish enlightenment thinker David Hume, it was “the spur of industry” — which helped to drive the “invisible hand” of the market as discovered by his fellow countryman Adam Smith.
More recently, and bluntly, Michael Douglas’ character Gordon Gekko in the film Wall Street, declared that “greed is good”.
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