Tuesday, February 1, 2011

A definition on greed and on The Roots of Obama's Rage

I just finished reading a fascinating book on Obama, the current US president.


The book is call "The Roots of Obama's Rage" by Dinesh D'Souza

It is a Political Science book. D'Souza comes up with a theory why Obama is acting the way he is and then goes on to prove his theory. The book is very well done and I enjoyed reading it. If he is right then the US citizens should worry about who it is that they have in the white house. Perhaps even we as Canadians should too.

Here is a quote from the book that I liked:
Obama's main charge was that Wall Street has succumbed to 'greed'. But if you think about it, Wall Street is based on greed. People go there to make money. What inhibits greed on Wall Street is not public-minded altruism but rather fear. Greed drives the aggressive desire to make more money while caution is produced by the fear of losing money. If financial crises were merely the result of outbreaks of greed, Wall Street would be in perpetual crisis. Our economic system is based on directing or channeling greed in such a way that it serves the economic welfare of society. Somewhere along the way, this channeling system broke down, and that's what cause our financial system into a tailspin.

Read the book and find out for yourself if you agree or not with D'Souza. I find his arguments compelling!

1 comment:

Ron Baker said...

Gerhard,

If you enjoyed that book, you'd like the other books Dinesh has written. Any of them are excellent!