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It seems the age of
greed is finally catching up. It's
not just greed. It's greed based on
callousness, individualism and crass
materialism. College graduates head
to Wall Street in their mid-20s and
swear or are determined to become
millionaires within the next decade.
When one sets this arbitrary,
mindless, egregious, materialistic
wealth deadline, there is likely the
tendency, to lie, manipulate and pervert justice, fairness and
equity--to get reach quick by all
means and at all costs. And, the
stock market is the best place to
reach this kind of "Midas" ambition.
Every generation has always desired
to be rich and successful. It's a
natural instinct. But, it's taken a
diffferent, irrational, egregious
dimension. Most of the block-buster
movies are reality-based extolling
the lives of hucksters who enriched
themselves with unscrupulous,
extra-legal, unlawful means. The
movie "Wall Street" cited by the
"View" glamourized greed, sleaze and
manipultation of the junk bond kind
in the 80s. "Barbarians at the Gate,"
"Bonfire of the Vanities", "Weapons
of Mass Distraction", and more, are
just examples of such Hollywood
block-buster movies that truly
portrayed our current world based on
the lack of scruples shown in current
Wall Street financial psychosis and
fiscal degeneration. It's broad,
multicultural and de-genderized.
Flash cars, jewelries, posh lifestyles, penthouse accommodations,
expensive dinners, yatches, lavish
parties, costly weddings, costly
divorce, infidelity and consequent,
wasteful litigation lead to all these
roguish forces of financial
adventurism. It's not necessarily to
save money, invest scrupulously.
These hucksters spend just as much
and as quickly as they make the money. They have no concerns and
feelings about other people's money.
It's about the mindset, culture and
psychological environment. It's about
conscience, which a lot of people
don't have any more. It's about
reputation many people no longer
value. It's about so-called religion
people only practice on their knees
when they remember to pray, not carry
in their hearts at all times. All
these waves of counter-cultural
dysfunctionalism have contributed
to people preoccupied with criminal
propensities in the process of getting rich and making money.
Getting rich the honest way is hard.
Reading business stories about how
some thriving, multimilion-dollar
businesses rose from ordinary garages
to skyscrapper offices, global
presence and umltinational operations
show how difficult it is. Almost
all these huge, corporate business
conglomerates that collapsed have
been in opertation for almost, at least a century, or more than that.
They began before the age of automobiles, telephones, electricity,
computers, Internet and modern forces
of globalization. But, they thrived.
Because, greed and egregious Ponzi
schemes were not part of the business
operations. They lent out money wisely. They invested on viable
business projects. They undertook
calculated risks. They expanded
gradually with little or no room for
financial implosion. But, since the
mantle of leadership, decision and responsibilities started shifting
to children of Baby Boomers, we are seeing the result and priorities of
a generation groomed in a different
environment.
Patience is archaic. Rationalism is
dumb. Ethics is uncool. Godliness is
"unprofitable". Honor has little
value. Trust is ancient history.
People who follow these etiquettes of
a civil, religious society are
increasingly finding it hard to get
accommodated in a system that indulges crass extravagance, egregious materialism and get-rich-quick adventurism. It's a malaise.
Igonikon Jack, USA