point is, ladies and gentleman, that 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’.
Age of Greed demonstrate
how the dedicated and selfish pursuit of huge personal treasure has been on the
growth in the United States over the last 40 years. Gordon Gekko’s arguments,
detentions the soul of a very tangible era: the Age of Greed. This remained a
period that began when the first financial products were imported on the
Chicago Mercantile Exchange in 1972 and ended with Lehman’s failure in 2008. It
was a time when ‘greed is good’ and ‘bigger is better’ were the dual-mottos
that appeared to support the American Dream.
story of Gordon Gekko becomes the heart of the environment of greed. The term
‘greed’ has etymological origins that narrate to ‘hunger’ and ‘eagerness’.
Greed turns like a disease in society – whereby an essentially strong cell in
the body becomes selfish and ends up extinguishing its host. As significant as
the greedy cell is the environment which allows it to live and succeeds. The
Age of Greed remained not just something ‘out there’. It was not the sphere of
a few scoundrel merchants. It is in detail a multi-level sensation,
incorporating exclusive greed, banking greed, financial bazaar greed, corporate
greed and ultimately the greed rooted in the capitalist system.
“The Fall of the House of the Lehman
Brothers” (Fraser, 2009), one of the eldest groups in the United States on Wall
Street, delivers a flawless illustration of how the regulation of free-market,
greed, influence, and rapid fix solutions infects companies and businesses. Originated 158 years ago it was one of the major
investment banking society in the United States of America. Over the 1930s, the
Lehman Brothers prolonged into bleakly Securities industry when the U.S
government forced all financial unions to choose between profitable banking and
During the economic collapse
of the 2007-2008 financial disaster state of the messy economy was in a shocking
state. There were several sustainable features that was used to support steady
the economy, but even though that only several economic societies were saved by
the government active tactics. The bankruptcy and failure of the Lehman
Brothers residue a catastrophe and instead of following procedure of saving the
Lehman Brothers business, the government take a seat and let the Lehman
Brothers to crash.
Greed, pressure to
remain cheap and the ravenous pursuit for rapid incomes and made Lehman powerless
to meet the future financial doom that was to succeed it. This made it to act
in so many immoral manners and interrupt basic CSR laws. The bankruptcy of
the Lehman Brothers delivers
a logical illustration of how people and businesses let the obsession of temporary
greed and influence to control their choices.