What symbolizes GREED?

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That picture is a much better visual representative of the zero-sum fallacy. It is the idea that the amount of wealth in the world is fixed and that theprosperity of the industrialized world comes directly at the expense of those in the developing world.

The developed world has done things that have hurt the developing world. The developed world has more recently done some things to help the developing world.Ultimately the main cause of the developing world's poverty is its general lack of rule of law; property rights; broken financial systems and a lack oftransparency in government, which means that government money does not go to health, education and infrastructure projects that would increase economicdevelopment and standards of living.

Right now the world has a very unequal distribution of wealth and it largely because the developed nations create much more wealth per capita than does the nondeveloped world.

Hopefully, governments will reform and begin to respect rule of law, property rights and their obligation to provide crucial public goods and public services.In addition, micro-finance has provided hope by getting much needed wealth into the hands of poor people so they can begin the process of serious economicdevelopment.

These things and not guilt on the part of Westerns is what will lift billions of out of poverty.
 
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Enron's management were the stndard bearre for greed by acting illegally and unethically and screwing those who worked for them and invested in them.

To a lesser degree, the rank and file Enron employees, compounded the damage by being greedy in their own right. Many of them invested far too much of theirretirement savings into Enron stocks. They should have stuck to the rules of safe investing and not bought into their bosses' hype.

I still feel bad for the employees, who lost much of their savings due to dishonestly on the part of Enron management but they were greedy and it cost them.This goes to show that you should never gamble vast chunks of your retirement savings no matter how good of an investment it seems.
 
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