Word: greed
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Dates: during 2000-2009
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...seems only yesterday Ronald Reagan declared Washington the headquarters of the seven deadly sins (vanity, greed, sloth, avarice...). And when Bill Clinton proclaimed the era of Big Government over, the revolution seemed complete. But on Sept. 11, America fell in love with government all over again. Suddenly politicians looked like dignitaries and the capital was again a place people turned to for guidance and protection...
Infuriatingly, the entertainment industry has chosen this path not out of constraint but out of greed. Digital distribution dramatically reduces the costs of business for intellectual property companies, because it eliminates the need for companies to move atoms in the physical world in favor of pushing digital bits across the world information grid, in the words of MIT futurist Nicholas Negroponte in his book Being Digital. It’s common knowledge that out of a $16.99 CD price, artists get about a dollar, record labels get $5 to $10 and the rest goes to the retailer. These prices reflect...
...evil act has spawned a million acts of kindness. But here in Washington it has spawned a hundred acts of greed as well. Lobbyists for planes, trains and automobiles, fast food, hotels and real estate have swarmed over the Capitol seeking a piece of the $75 billion stimulus package. Those with the best chance of scoring are those with the best chance of jogging consumer spending. The President favors consuming our way out of this slump as well, urging us to "go to Disney World" and eat high on the hog, as he did for the cameras at Morton...
...learn to accept less upward mobility and slower growth. In the meantime, we'll have to feel our way to being a Better Generation. With the collapse of the World Trade Center, the curtain closed on the decade of wretched excess heralded when Wall Street's Gordon Gekko proclaimed, "Greed is good." When a plea went out on Sept. 12 that the rescue workers needed socks, thousands of pairs flooded ground zero. Word came to send money instead. The money poured in, but the socks kept coming. The task in this new decade is to find a place...
...learn to accept less upward mobility and slower growth. In the meantime, we'll have to feel our way to being a Better Generation. With the collapse of the World Trade Center, the curtain closed on the decade of wretched excess heralded when Wall Street's Gordon Gekko proclaimed, "Greed is good." When a plea went out on Sept. 12 that the rescue workers needed socks, thousands of pairs flooded Ground Zero. Word came to send money instead. The money poured in, but the socks kept coming. The task in this new decade is to find a place...