Believe it or not, Greed has not always been viewed as good. Adam Smith never preached such vain foolishness. The father of Capitalism proclaimed quite the opposite;
"The rich...are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society, and afford means to the multiplication of the species."
Concepts such as workers benefits were introduced by industrialists such as Krups to improve their workers were charitable, but also motivated because it added value to society and by extension added value to Krups bottom line. Industrialist Seebohm Rowntree book, Poverty, A Study of Town Life was identifed by Winston Churchill as a primary reason he introduced welfare programs to Britain - it was a very conservative move. American industrialist Andrew Carnegie saw the wealthy had a responsibility to be an "agent and trustee for his poorer brethren." Economist John Maynard Keynes famously opined, "The love of money as a possession — as distinguished from the love of money as a means to the enjoyments and realities of life — will be recognized for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease."
Keynes predicted we'd be beyond the disease of greed by 2030. Ten years out and we are unfortunately living in a time still guided by the impulsive and short sighted demands of greed junkies addicted to the junk bond mentality of going all Ivan Boesky and "Greed is Good" to cannibalize everything for the bottom-line. I mean why do people still worship Jack Welch? He certainly didn't set up GE for long-term success. But there are plenty of contrarian examples such as Reebok, McKesson, Sainsbury, Levis, Patagonia, and Trek come to mind.
It's rather telling that Facebook's go to excuse when confronted with their wrongs is to cling to the story that "it's difficult to scale." Come on! You're a data company: that's your business! it's all about scale! Didn't you pay attention in school!? Obviously this is a lie. They just can't scale when it doesn't suit their greed. They can cut operating costs through efficient server scaling. They can improve their targeted advertising algorithms by scaling their analysis of massive data stores. They just can scale if it means missing out on the clicks generated from child porn, slave trading, hate mongering, bullying, or mass murder.
In the early days of FB, it was their calling card and biggest brag. I bought it and rooted for Zuckerberg when he and his physician wife Priscilla Chan would compete to see who can do the most good in the world. He seemed to be on to something with his abilities to scale when his initiative to promote people to sign up to be organ donors realized unprecedented gains in registered donor cards. Gains compared to the increase in library card holders influenced by the Happy Days episode in which the Fonz himself became a card holder and reader.
Those heady days came to a screeching halt when Mark Zuckerberg and Facebook were identified by U.N. human rights experts for their role in spreading hate speech through the same advertising machine used to motivate people to become organ donors was now seen as a contributing factor in the genocide in Myanmar.
That Facebook profited by selling their advertising technology to genocidal maniacs to enable them to leverage the platform to influence Buddhist monks to engage in homicidal killing sprees really underscores what they mean by targeted advertising. That they refused to stop despite warnings and pleas from various governmental and expert NGO's illustrates that greed is not good. In a few short years, Mark scaled from killing a pig for his dinner guests to stacking up tens of thousands of corpses just to impress his investors proving once and for all that in comparison, Hannibal Lecter was an amateur.
And yet, the punchline is that the only person who has spoken out against this publicly and received any press is comic actor Sacha Baron Cohen who suggested unironically (I think), that should you (Facebook) " do it again and you go to jail.”
No. No, that's not what Elie Wiesel meant by "Never Again." It means it stops now. Zuckerberg, Sandberg, et.al. should stand trial for genocide before they do it again. Because they will. They clearly have a taste for blood and need to be locked up for crimes against humanity to advance the interests of society over the cruel greed of these sociopaths.
Capitalism is not cancer. It's unchecked greed that is the cancer. Greed has destroyed more enduring institutions of capitalism and democracy than any hammer and sickle. It is greed that encourages voters to disable the checks and balances democracy has put in place to prevent and halt societal cancer. It will not be capitalism, but greedy humans who realize they can manipulate democracy for their own ends in order vote themselves money that will be the end of democracy -- something Facebook is particularly good at scaling. Something that must be stopped.