There’s something glaringly different hearing Gordon Gekko’s speech juxtaposed against the current financial crisis. Gekko, for all his relentless individualism–has stated his aim as a “liberator of companies”. His goal was PROFIT for himself, but in so doing, also profit for his shareholders. This was the essence of his GREED.
I’ve kept Michael Douglas around for inspiration. His Gordon Gekko portrayal not only is timeless, but has since become the motto of every aspiring capitalist and modern Wall Street hotshot. This is crystallized by the now immortalized “Greed Is Good” speech:
Greed, for lack of a better word, is good. Greed is right. Greed works.
Greed clarifies, cuts through, and captures the esssence 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;
No, these days greed isn’t good enough anymore. Greed doesn’t work. Today’s Wall Street hotshots gun for PROFIT, but not necessarily for their shareholders. In fact, what is evident is that all the big bankers, traders, and brokers got paid for taking bad risks and LOSING money. And now the whole system of capitalism has been shredded since governments are scrambling to bail out these ailing companies at the expense of taxpayers.
It’s chilling to hear how Gekko had complained about this more than twenty years ago:
The new law in Corporate America seems to be survival of the unfittest.
And fittingly: now the unfittest companies are going belly up one by one.
Where have all the Gekkos gone?