THE BLOG
01/11/2009 05:12 am ET Updated May 25, 2011

Finally: The Death of "Greed Is Good"

It's not all about the Benjamins anymore, baby.

Although it is still the defining principle in many people's lives, the concept that "Greed is Good," is dead. It rose to its despicable zenith in tandem with the rise of Reagan, and has been the guiding principle of industry, finance and government ever since.

Greed has been with us since the dawn of time and will remain, but in cyclical bursts, greed destroys enough to make those in the path of the inevitable result of unchecked greed take notice and do something about it.

Like regulations on how much greed is allowed.

Greed brought us to this place...unregulated, untrammeled, vicious greed. Greed has no morals or ethics. Greed has no regard for others. Greed feeds only the greedy and feeds on every thing and every one within grasping distance.

This Christmas Eve there will be no ghosts of the past, Christmas or otherwise, disturbing the sleep of the greedy. The greedy will be in danger of losing a percentage of their riches as a result of their greed. The rest of us feel a primal danger, one that most of us have never felt.

Yes, fear is upon the land. The fear of not being able to keep a roof over your head. Of not knowing where to turn when you watch your sources of income fall, one after another in the twinkling of an eye.

The week before the crash of 2008, I had been hired to write industrial presentation scripts for a company which was very successful at making them. They told me I could expect maybe five a week, if I could handle that. I assured them I could. That was on a Thursday, as the stock market crashed.

The following Monday went by without a word. Then Tuesday. I emailed them on Wednesday and got a worrisome replay on Thursday that said, "Stuff is hitting the fan this week. Clients are pulling out before the initial interview. Waiting for news, as far as what the fallout is, but things are much different than just two weeks ago. I'm sorry Tom... I'll give you news as I get it."

I replied, "That was one chilling email." The reply? "Word."

On Thursday, I got an email which said that the company had lost so much of its upcoming business over the past week that would not need my services. Two weeks later another company, for whom I had been writing for a year-and-a-half fired my editor and was going to re-think its whole operation. I'm still waiting for my last check from them.

My story is being repeated over and over throughout America. The root of our misery is greed and the greedy.

And President Obama says it's going to get worse before it gets better.

The safety net is in place for the greedy who caused this mess. Where is the safety net for the rest of us? There is no place under the TARP for us to get out of the rain and cold.

The Greed Is Good pack are thieves. They've stolen our money, our hope and any sense of safety we had. And then we rewarded their greed with more money.

It's a cliché to some of us, others may have never heard it, but I will paraphrase Woody Guthrie who said, "Some will rob you with a shotgun and some with a fountain pen."

Or a handful of keystrokes.

For now, the concept that "Greed Is Good," has been discredited and for at least the next four years, we will have an executive branch of government which at least considers the rest of us.