Question

Macro Final 1. In the 1987 film Wall Street, a corporate raider named Gordon Gekko gives a speech to a group of stockholders. Read the following excerpt from his speech and answer the questions in complete sentences. “The new law of evolution in corporate America seems to be survival of the unfittest. Well, in my book you either do it right or you get eliminated...greed, for lack of a better word, is good. 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.” a. Economically speaking, do you think that the idea of survival of the fittest is the best way to create an "evolutionary spirit”? b. Explain your reasoning. What are the advantages of an economy that revolves around the idea of survival of the fittest? c. What are the disadvantages of an economy that revolves around the idea of survival of the fittest? d. When, if ever, can greed be considered good? Support your conclusion with a specific example. e. Adam Smith said, “The real tragedy of the poor is the poverty of their aspirations.” Do you think that Gordon Gekko would agree or disagree with this statement? Explain.

a. Economically speaking, do you think that the idea of survival of the fittest is the best way to create an “evolutionary spirit”?

b. Explain your reasoning. What are the advantages of an economy that revolves around the idea of survival of the fittest?

c. What are the disadvantages of an economy that revolves around the idea of survival of the fittest?

d. When, if ever, can greed be considered good? Support your conclusion with a specific example.

e. Adam Smith said, “The real tragedy of the poor is the poverty of their aspirations.” Do you think that Gordon Gekko would agree or disagree with this statement? Explain.

Answer 1

Answer

No ,I dont think so that the idea of survival of fittest create as such evolutionary spirity .If it is capable of doing something ,it is just sepration of creamy layer over the non creamy layer .It take the best and perfect in the market and through out the other which is against the natural process of development even in case of economic it create the economic inequality among the people of nation

Answer B

Yes, there are advantage of this idea like

It promote growth and development of economy

It provide the best mind and expert in the markets

It provide more efficient and larger production etc

Answer C

While if we talk about the disadvantage , it has like

Economic inequality

Breakdown or seperation of makret between fittest and non fittest

Job crisis , mass unemployement etc

D.

Answer

Yes , greed is both positive or negative , It can lead the organization ,individual or anything high up to the sky but it can also lay it down if the greed is negaqtive .Like greed for work will provide more workforce , productivity ,outcome,success,more growth ,more GDP etc etc .But the negative use of greed can lead to poverty ,recession , imbalance of economy etc .Therefore I think that it is both good and bad .