Charles Hugh Smith's Substack

Charles Hugh Smith's Substack

Greed, Centralization, Monopoly, Ruin

Greed is good up to the point that it delivers ruin.

Charles Hugh Smith's avatar
Charles Hugh Smith
Dec 05, 2025
∙ Paid

The primary characteristic of this era is the purposeful confusion of profit and greed, as if they are the same thing. Greed is good because profit is good, and profit is good because the profit motive is the engine of Capitalism which is the engine of global prosperity.

The problem with this logic is greed is not the same as profit. In the sanitized ver…

User's avatar

Continue reading this post for free, courtesy of Charles Hugh Smith.

Or purchase a paid subscription.
© 2026 Charles Hugh Smith · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture