Here is my message from Sunday. The text was Luke 16:19-31:
“Ladies and gentleman, greed -- for lack of a better word -- is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind. And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA.” Most of you probably recognize that speech by Michael Douglas from the 1987 movie Wall Street. What might be less known is that the speech was not really the creation of the screen writer of the film, but instead came from the person on whom Douglas’ character was based, Ivan Boesky. Speaking at the graduation ceremony for the business school at the University of California at Berkley, Boesky said, “Greed is alright, by the way. I want you to know that. I think greed is healthy. You can be greedy and still feel good about yourself.” That was just a few months before he would be arrested by the SEC for insider trading to which he would plead guilty to one charge and pay a then record individual fine of $100 million. But before all that happened, he turned against his former compatriots and while collecting information against them for the SEC was allowed to continue doing insider trading making millions in profits until the SEC had enough information to also indict Michael Milken who was then forced to pay what is still the record individual penalty of $600 million. In response to the actions of wall street in the 80’s, congress passed a law that called for life in prison for certain financial crimes, and if you are wondering how many bankers or wall street execs have been subject to that penalty, the answer is less than one. What other studies have also found is that the average sentences for financial crimes are half those of other federal crimes. Who says that crime doesn’t pay, and that greed is not good?
And so today we look at the deadly sin of greed. In some of the other seven deadly sins we have looked at, we have talked about different types of sins, or several sins that have been grouped into one idea, but that’s not the case here. Greed is greed, and of the deadly sins this is probably the one that has the most indoctrination and support from the general culture. And of course you can be greedy for lots of things, power, possessions, accomplishments, conquests, but the thing we most often hear about greed surrounds money. And while we often talk about rich people being greedy, greed itself is not dependent upon the amount of money that we actually have. You can be greedy and only have a dollar to your name, and you can be greedy with a million dollars in the bank; the same way as you can be generous as a millionaire and generous with only a dollar, as the widow was with her two mites contributing all she had to the Temple. Money is value neutral, as we heard in that passage from 1 Timothy, which is often misquoted as saying that money is the root of all evil, it actually says that the love of money is the root of all kinds of evil. Therefore, greed is about an attitude of the heart, and most often plays itself off at the expense of others who are around them, with a total lack of care for them. which is why greed made the list of the seven deadly sins because remember that they came out of the earliest monastic communities, and these sins were considered to be the things that would destroy community, and so it’s how greed plays itself out in community, in relationship with others, that makes it so problematic.
