There is a lot of political finger-pointing going on regarding the mortgage meltdown and the financial turmoil of the last couple of years. Both political parties have made their own contributions to this mess, but I would argue that the problem is not one of politics; it is a problem of the heart.
There was a time, not so very long ago, when most of the people in the stock market were large investors, who recognized that the common good (rising values) was the personal good as well. Everyone won, or everyone lost; but there was a sense that everyone was in the same boat.
Then someone decided to turn a consistent source of equity into a game of roulette. Enter the concept of trading on margins. This is rather like betting not on the outcome of a football game, but on the point spread instead. Big jumps, big drops, doesn’t matter which, as long as the market moves big.
This took the general concept of an equity pool, generally guided by common interest, and introduced anarchy.
And what do you suppose was/is the motivation of those who play the margins?
Greed. The love of money.
Money is not the problem. Capitalism is not the problem. Politics is not the problem.
Greed is the problem.
So what has this to do with addiction? Greed is money addiction.
Think it through – addiction can, for some, be summarized as an unquenchable desire for one more. That one more will give me the feeling I’ve been looking for, will finally give me the answer to the burning question within me, will finally satisfy me.
So what is greed but the unquenchable desire for one more? Dollar, hundred, million, whatever.
I would argue that we have a moral meltdown in progress that will end up being at least as devestating as what is going on now in the world markets. But in this calamity, we aren’t looking for more dollars. We want more sex, more alcohol, more of anything.
But “anything” won’t ever be enough.