The Life Cycle of Greed and Fear

The podcast explores the innate part of human nature that forms the life cycle of greed and fear, which economists and philosophers have been studying for decades. Despite efforts to eliminate the boom-bust cycle in economies, it is clear that greed and fear will always be a part of human behavior. Understanding the origins of greed and fear can help make sense of economic fluctuations. Greed starts with the feeling that one deserves a reward for their efforts and views. This feeling is fueled by competition, adaptation, and social comparison. Delusion, recognition, and addictive behavior are subsequent stages of greed.