Greedonomics

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Greedonomics is a portmanteau word that refers to a form of economics based on personal enrichment without effective moral or legal constraints. It is generally used as a derogatory term for Neoliberalism

The term was originally coined in 2005 in a fictional book[1] by Anthony Burns. After this, the term Greedonomics was increasingly visible on internet searches, somewhat changing its meaning on the way. In effect, Greedonomics is now analogous with Neoliberalism.

In a 2013 essay,[2] author Sanjay Chauhan claims that greed is not innately negative, but that businesses motivated primarily by greed often abuse the societies in which they operate.

Blogs[3] and opinion pieces[4][5] have blamed Greedonomics for the successive economic crashes that have afflicted the world’s economy since modern economic deregulation began in the 1980s.

References[edit]

  1. ^ Boloney the Warrior, Anthony Burns, AuthorHouse, October 10, 2005, ISBN 1-4208-7052-1
  2. ^ Greedonomics, Sanjay Chauhan, Jan 2013, http://www.bcasonline.org/articles/artin.asp?1079
  3. ^ Greenspan’s Fraud– How Two Decades of His Policies Have Undermined the Global Economy, February 26, 2011, http://coreysviews.wordpress.com/2011/02/26/
  4. ^ GREEDONOMICS 2.0, September 22, 2009, http://dailytrojan.com/2009/09/22/greedonomics-2-0/
  5. ^ Teachers Not Guilty of 'Greedonomics', Harry J. Andersen, September 22, 2009, http://www.antonnews.com/portwashingtonnews/2005/12/16/opinion/andersen.html