Monday, February 1, 2016

Re: USA Africa Dialogue Series - Greed: The Ultimate Addiction

The pursuit of profit is not really a bad thing, as long it is carried out within a country's laws and those laws have been enacted through a participatory and inclusive process. After all, without the wealth created by entrepreneurs, a country cannot provide for the material needs of its citizens and significantly improve their living standards. Hospitals, dispensaries, clinics, schools, clean water sources, etc., etc., where will they come from if no wealth is created in the country? Is it not the search for profit by private individuals that has accounted for the invention of the technologies that have, over the years, significantly improved, not just our standard of living, but also our ability to survive childhood and grow up to be productive citizens of the world? 

The incessant search for profit or greed--can we live without it?

On Mon, Feb 1, 2016 at 5:24 AM, 'Augustine Togonu-Bickersteth' via USA Africa Dialogue Series <usaafricadialogue@googlegroups.com> wrote:

Greed: The Ultimate Addiction

What's the unquenchable thirst for wealth all about?
Posted Oct 17, 2012


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JOHN MUKUM MBAKU, ESQ.
J.D. (Law), Ph.D. (Economics)
Graduate Certificate in Environmental and Natural Resources Law
Nonresident Senior Fellow, The Brookings Institution
Attorney & Counselor at Law (Licensed in Utah)
Brady Presidential Distinguished Professor of Economics &  John S. Hinckley Fellow
Department of Economics
Weber State University
1337 Edvalson Street, Dept. 3807
Ogden, UT 84408-3807, USA
(801) 626-7442 Phone
(801) 626-7423 Fax

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