Question

“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.

Answer 1

a.

Answer

No I dont think that the idea of survival of the fittest is the best way to create an evolutionary spirit because it create development no doubt , it promote growth , but it create economic inequality which is a harmful element if not considered properly for long term and it will create dispute in the whole nation .

b

Answer

The economy who revlove around the idea of survival of fittest has the advantage Like

Increase expansion of business lead by best expert

welcoming the skilled and perfect labor in the market

Increased demand and supply of product or labor

c

Inequality in the society economically

No job for the unskilled or higher age people

Higher inflation

economic instability

d.

Yes greed can be considered good for many reason as it promote the growth , in anythng like greed for better society , better production , better supply and demand of product , better marketing strategies .The greed if taken positively is cionsidered good .But if it taken for negative it has destructing effect on the economic like recession , higher inglation , taxes ,interest rate , lower gdp etc .

Have a good day !