Monday, November 05, 2012

Self Interest vs. Greed

Self-interest is the price of progress. The misinformed like to call self-interest greed, but greed is abuse and misuse of self-interest rooted in the sole pursuit of money. A moral calling taken to immoral extremes. We all know that adventure festers in Type A personalities. The grand explorer, Capt. James Cook ( a contemporary of Benjamin Franklin) fits the bill when he said, “for an active mind like mine ... whether I can bring myself to like ease and retirement, time will shew.” Three incredible voyages of discovery later the world mourned Cook’s death. Regardless of his personal flaws, the price of progress for all was his self-interests. Here’s an startling example. A fellow traveler on Cook’s 3rd voyage, Wm Bligh ( yes of Bounty’s infamy) traded 2 beads for a pelt in Tahiti in 1778 and in China later received the equivalent of L15 ( 15 pounds) for each fur - a gross profit of about 500,000%. Wow! Smart self-interest makes the world go round.

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