The Greed Scapegoat

In the aftermath crisis of 2008, a common explanation is that “greed” caused the collapse.  When thinking about this explanation in some more depth, one must consider that in order for “greed” to be the reason behind the collapse, then people would need to have become abruptly more greedy than normal.

The contrary view is that if greed is a constant function. (meaning that people do not become more or less greedy over time) There are most certainly people who are highly greedy and others who are less greedy.  However, it seems quite unlikely that people would become abruptly more or less greedy than their natural disposition.

Is it possible that greed is being used as an easy answer to distract attention away from what really caused the problems?

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