Greed is Good and DOW 12,000
As the Dow Jones makes history surging past the 12,000 mark yesterday, it's just too irresistable not to join in all the bonhomie and play back that famous speech delivered by the fictional Gordon Gekko (Michael Douglas - not that anyone needs reminding) in Oliver Stone's classic Wall Street:
There are still some amazingly relevant points in the speech, not least of all that "we're not here to indulge in fantasy, but in political and economic reality. America ... has become a second-rate power. Its trade deficit and its fiscal deficit are at nightmare proportions." The solution al la Gekko? "Greed ... Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms - greed for life, for money, for love, knowledge - has marked the upward surge of mankind. And greed - you mark my words - will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
It seems that Greed is still very much the vogue remedy for hard times. Saying that, let's not start counting to 36,000 just yet.
Listed below are links to weblogs that reference Greed is Good and DOW 12,000:
» "Greed" Or "Competition"? from Iowa Voice
Daniel has a nice post up about the record-high DOW, using a quote from the movie "Wall Street", where Michael Douglas says "Greed is good."
I get the idea behind the "speech", but I disagree with it...slightly. I know what Douglas' character meant by [Read More]
Greed is down again.
Posted by: Gem Hudson | October 20, 2006 at 05:55 PM