Home
In this issue

Sept. 8, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir : How far must one go to help somebody out of a contract?

Barry Rubin: Waiting For Something

Sept. 5, 2008

Rabbi Abraham J. Twerski: What does 'doing the right thing' entail?

Caroline B. Glick: The master strategist

Sept. 4, 2008

Ron Kampeas: Biden, Palin take lead in clash on Mideast issues

Bruce Dancis: With humor as their weapon, the Three Stooges took on Hitler

Sept. 3, 2008

Rabbi S. Binyomin Ginsberg: Productive school years don't just happen

The Kosher Gourmet by Linda Gassenheimer: Quick lamb stew serves up flavors of India

Sept. 2, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir: Costly Advice

Caroline B. Glick: Calling Israel's bluff

JWisdom: Wandering in Wonder by Rabbi Mordechai Becher

August 29, 2008

Rabbi Berel Wein: 20/20 sightlessness

Caroline B. Glick: When history is not repeated

JWisdom: Blessed or Cursed: It's Really Up to You by Rabbi Sroy Levitansky

August 28, 2008

Steve Lipman: A Comeback for the 'Jewish Jordan'

Jeffrey Weiss: Researcher reports 'intriguing' diabetes breakthrough

August 27, 2008

Rabbi Zecharya Greenwald: Removing the perfectionist's mask

The Kosher Gourmet by Emily Nunn: Summer harvest linguine

JWisdom:: The Missing Link in Spiritual Life by Rabbi David Aaron

August 26, 2008

Yaffa Ganz: Grandma gets lessons in staying cool

Frank J. Gaffney, Jr.: The Dems' 'soft' jihadist

JWisdom:: Today: Holocaust in the Perspective of Faith by Rabbi Nosson Scherman: Plague of indifference

August 25, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir: Q: A friend is bearing a silly grudge from a supposed wrong. What recourse do I have?

Daniel Pipes: Barack Obama through Muslim Eyes

JWisdom:: The knowledge you need to overcome your insecurities by Malka Schulman

August 22, 2008

Rabbi Berel Wein: Life's essential ingredient

Caroline B. Glick: Dominos anyone?

JWisdom:: Actually, Do Sweat the Small Stuff! by Rabbi Sroy Levitansky

August 21, 2008

Today in Biblical History by Rabbi Yonason Goldson: Popularization of Kabbalah: 20 Menachem-Av 1558 CE

Jonathan Rosenblum: Lessons from the Beyond

JWisdom: : The Olympian within is rooting for you -- yes, you! –- to go for the gold

August 20, 2008

Jonathan Tobin: Misleading Platform Platitudes

The Kosher Gourmet by Linda Gassenheimer: Chicken Salad with Asian Dressing

JWisdom: The Holocaust in the Perspective of Faith: America's Defense of the Jews --- Until WWII by Rabbi Nosson Scherman

August 19, 2008

Dennis Prager: If the Almighty doesn't exist

Frank J. Gaffney, Jr.: Obama's Islamist problem has nothing to do with his upbringing

JWisdom: Think your life is messed up? by Rabbi David Aaron

August 18, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir: Business with Friends

Diana West: Roars About Russia, Bare Whispers About Islam

JWisdom: Relationship agony: The real cause by Malka Schulman

August 15, 2008

Rabbi Abraham J. Twerski: To love the Divine

Caroline B. Glick: Georgia, Israel, and the nature of man

JWisdom: The Truly Righteous Don't Demand Entitlements by Rabbi Sroy Levitansky

August 14, 2008

Rabbi Yonason Goldson: Confessions of broken spirit

Libby Lazewnik: The Numbers Game

JWisdom: Six Questions You'll Be Asked in Heaven? - Uh - Let's Just Take One for Now! by Gavriel Aryeh Sanders

August 13, 2008

Jonathan Tobin: Georgia should be on their minds

The Kosher Gourmet by Linda Gassenheimer: Go Greek: Pair flavorful lamb kebabs with a hearty salad

JWisdom: Human hybrids aren't science fiction by Rabbi David Aaron

August 12, 2008

Rabbi Avi Shafran: Bless us

Daniel Pipes: The West's Islamist Infiltrators

JWisdom: From Sadness to Gladness: The Route from Tisha b'Av to Rosh Hashana by Rabbi Mordechai Becher

August 11, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir: A Jewish view on fair pricing

Caroline B. Glick: Ignoring failure in Gaza

JWisdom: 'Communication' Is Not The Answer! by Malka Schulman

August 7, 2008

Rabbi David Gutterman: A Continuing Story With a Sustaining Goal

Rabbi Berel Wein: Mourning and morning

JWisdom: Yes, we are still in exile by Rabbi Sroy Levitansky

August 6, 2008

David Ashenfelter: Government made military engineer's life a living hell because of his faith, Defense Department report documents

Jonathan Tobin: Speak the Truth; Defeat the Lies

JWisdom: Jewish Spirituality: Fusion or Confusion? by Rabbi David Aaron

August 5, 2008

Chris Leppek: Church/state wall beginning to crumble?

Paul Greenberg: Exit Olmert (no encore, please)

JWisdom: Serenity: Make the commitment by Rabbi Zelig Pliskin (Read by Gavriel Sanders)

August 4, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir: Am I taking advantage of another's psychological quirk?

Andrew Silow-Carroll: A black and a Jew walk into the White House…

JWisdom: The Holocaust in the Perspective of Faith: Edward R. Morrow visits the ‘living dead’ by Rabbi Nosson Scherman

March 22, 2007

J-Rhythms with Avraham Rosenblum: JWR's cutting-edge music program showcasing performers -- singers, song writers, musicians, and bands -- who learn and live the Torah lifestyle (OUR NEWEST IGODCAST !)

Oct. 29, 2003
Mortimer B. Zuckerman: Graffiti On History's Walls (MUST-READ!)

Jewish World Review April 26, 2006 / 28 Nissan, 5766

If you want to benefit from other greedy people, you have to make sure they benefit from you

By John Stossel


Printer Friendly Version
Email this article

http://www.JewishWorldReview.com | "Who's John Stossel?"


That was Virgil Rosanke's reaction when "20/20" interviewed him for one of my TV specials. Without Rosanke and others like him, I couldn't have a steak dinner tonight, but I and most of the people he makes dinners possible for are unknown to him. He makes our dinners possible anyway.


Is Virgil Rosanke a philanthropist? No. Is he a government worker? Not that either. He's just a guy who delivers propane to heat water for cattle to drink. Why does he do it? To make money.


If pursuing profit is greed, economist Walter Williams told me, then greed is good, because it drives us to do many good things. "Those areas where people are motivated the most by greed are the areas that we're the most satisfied with: supermarkets, computers, FedEx." By contrast, areas "where people say we're motivated by 'caring'" — public education, public housing etc. — "are the areas of disaster in our country. . . . How much would get done," Williams wondered, "if it all depended on human love and kindness?"


Greed gets people to cooperate. If you want to benefit from other greedy people, you have to make sure they benefit from you. Consider one of the wonders of our age, the supermarket. There are thousands of products on the shelves. How'd they get there?


When I posed that question about just one of those thousands of products — a piece of beef I bought for my dinner — I found a trail back to an Iowa farm. That's how I learned about Virgil Rosanke, and how he learned about me.


We taped David Wiese and his family, farmers in Manning, Iowa, as they put in 14-hour days fixing fences, digging ditches, harvesting hay, and feeding the cattle. They don't do it for me and my neighbors — but I'm glad they do it.


"Do you think it's because they love people in New York?" Williams asked. "No, they love themselves. And by promoting their own self-interest, they make sure New Yorkers have beef."


The Wieses are just the first in a long series of people who, by caring about themselves, make sure I get my steak. Wanda Nelson keeps the packing house clean. Rosanke delivers propane. Other people slaughter the cattle and butcher the beef; they rely on people who make their knives, their overalls and their protective gear. Then there are the people who make the plastic that seals the meat, who run the machines that do the sealing, who pack the meat in boxes, make the boxes, inspect the boxes, and run the freezer facilities. Still other people track orders by bar code, which means they need the people who make the bar code machines. Eventually, packed steak is delivered to Randall Gilbert, a truck driver, who hauls it to New York.


No one person made my dinner possible. It took thousands of people to get me the food. And none of them did it for me. As economist Adam Smith put it, "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."


Rosanke and the others don't particularly care if some TV correspondent gets his steak, yet they cooperate to make it happen, motivated by self-interest — what many call greed. Think about that next time you listen to my colleagues sneer at the "greed" and "selfishness" of private business. They don't realize that the institution they celebrate, government, is far less effective at serving humanity.


"In a free market, you get more for yourself by serving your fellow man," said economist Williams. "You don't have to care about him, just serve him. I'd feel sorry for New Yorkers in terms of beef. If it all depended on human love and kindness, I doubt whether you would have one cow in New York."


Does anything get done based on "human love and kindness"? Well, a nonprofit group called City Harvest collects donations of restaurants' surplus food for the poor. But where does that food come from? Greedy people like Virgil Rosanke produce it, and greedy restaurateurs buy it. Kindness can only give away the goods self-love provides.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

STOSSEL'S LATEST
Give Me a Break  

Stossel explains how ambitious bureaucrats, intellectually lazy reporters, and greedy lawyers make your life worse even as they claim to protect your interests. Taking on such sacred cows as the FDA, the War on Drugs, and scaremongering environmental activists -- and backing up his trademark irreverence with careful reasoning and research -- he shows how the problems that government tries and fails to fix can be solved better by the extraordinary power of the free market. Sales help fund JWR.



JWR contributor John Stossel is co-anchor of ABC News' "20/20." To comment, please click here.


Archives

© 2006, by JFS Productions, Inc. Distributed by Creators Syndicate, Inc.

Insight (Our Columnists)

 Mitch Albom
 Michael Barone
  Dave Barry
 Tony Blankley
 Andy Borowitz
 David Broder
 Stratfor Briefing
 Mona Charen
 Linda Chavez
 Ann Coulter
 Greg Crosby
 Rod Dreher
 Larry Elder
 Suzanne Fields
 John Fund
 Frank J. Gaffney
 Lloyd Garver
 Jonah Goldberg
 Michael Goodwin
 Julia Gorin
 Jonathan Gurwitz
 Paul Greenberg
 Victor Davis Hanson
 Betsy Hart
 Nat Hentoff
 David Horowitz
 Laura Ingraham
 Jeff Jacoby
 Paul Johnson
 Jack Kelly
 James Klurfeld
 Ed Koch
 Ch. Krauthammer
 Jonathan Last
 Michael Ledeen
 John Leo
 David Limbaugh
 Kathryn Lopez
 Rich Lowry
 Michelle Malkin
 Jackie Mason
 The Medicine Men
 Dick Morris
 Bill O'Reilly
 Clarence Page
 Kathleen Parker
 Dennis Prager
 Wesley Pruden
 Tom Purcell
 Jonathan Rauch
 Celia Rivenbark
 Robert Robb
 Cokie & Steve Roberts
 Pat Sajak
 Debra J. Saunders
 Culture Shlock
 Roger Simon
 Michael Smerconish
 Thomas Sowell
 Mark Steyn
 John Stossel
 Cal Thomas
 Jonathan Tobin
 Bob Tyrrell
 Diana West
 Dave Weinbaum
 George Will
 Walter Williams
 Mort Zuckerman

'Toons
 Robert Arial
 Chuck Asay
 Chip Bok
 Dry Bones
  Lisa Benson
 John Branch
 Gary Brookins
 John Cole
 J. D. Crowe
 John Deering
 Brian Duffy
 Everything's Relative
 Mallard Fillmore
 Jake Fuller
 Bob Gorrel
 Joe Heller
 David Hitch
 Jerry Holber
 Steve Kelley
 Jeff Koterba
 Dick Locher
 Chan Lowe
 Ranan R. Lurie
 Jimmy Margulies
 Rick McKee
 Michael Ramirez
 Jeff Stahler
 Danna Summers
 John Trever
 Gary Varvel
 Kirk Walters

Lifestyles
 How 2
 Know-It-All
 Lori Borgman
 The Savvy Consumer
 Elder matters
 Fixit
 Dr. Peter Gott
 Marybeth Hicks
 GET A JOB! by Marty Nemko
 Richard Lederer
 Tech Maven
 Nutrition Myths
 Supermarket Shopper
 Bruce Williams
 How Stuff Works