0143 Greed is Bad

From Seoul comes the story of a financial advisor who appeared on a TV talk show and said that people were making unwise investment decisions because they were too greedy. As a result, he was fired. The company justified his termination by saying that his words were out of line with [the institution’s] original purpose and caused concern to investors” meaning, of course, that his words might cause investors to stop investing and maybe even withdraw some funds. South Korea is not only the most Christian country in East Asia but also the most Confucian. Both the Bible and Confucius are clear on the badness of Greed. But in today’s global marketplace, economics rules which means that greed is only bad if it interferes with the bottom line. #ceas #greene #hacker #SouthKorea