If Ayn Rand redefined selfishness shouldn't we redefine greed as well?
Greed, wiki definition
"As a secular psychological concept, greed is an inordinate desire to acquire or possess more than one needs or deserves."
I would argue that until the last word the definition of greed is in fact the same as the definition of selfishness.
Desire in this context means the same as the word concern and how much one needs is a subjective assertion based on one's values.
How much one deserves from the amount he or she desires however is not necessarily subjective.
If the person used force to obtain his wealth, than he would definitely not deserve what he has even if he desired it.
Therefore I would define greed as: concern with one's own interest without respect for the rights of others.
I believe the word greed defined this way is accurate and useful.
Any thoughts on this?
P.S.: Greed is not Good
Edited by Dániel Boros, 18 February 2012 - 04:44 PM.