"I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well"
About this Quote
Greenspan’s line reads like a personal motto, but it’s also a carefully burnished alibi for capitalism’s self-image. The key move is how “honest dealing” and “those you deal with should gain” reframe profit not as extraction but as mutual uplift. It’s a moral varnish on transaction: if both sides “gain,” the market becomes a kind of ethical machine, turning private ambition into public good. That is not a neutral claim from an economist; it’s an ideological wager about how power behaves when left to price signals and voluntary exchange.
The subtext is reassurance. Coming from a figure synonymous with late-20th-century deregulation and the cult of technocratic central banking, this isn’t just about personal integrity. It’s about defending the legitimacy of financial success itself. “Strict adherence” signals discipline, almost asceticism, as if the real danger isn’t structural inequality or asymmetric information, but individual lapses in virtue. The “view that” language is telling: it’s presented as a philosophy rather than a measurable outcome, a belief that markets can be fair if participants are fair.
Context sharpens the edge. Greenspan’s career sat at the hinge point when finance became not merely a sector but a governing logic, culminating in the 2008 crisis that exposed how often one side “gains” by offloading risk onto the other. Read now, the quote feels like a portrait of the era’s confidence: that success can be both enormous and clean, provided the story of mutual benefit is compelling enough.
The subtext is reassurance. Coming from a figure synonymous with late-20th-century deregulation and the cult of technocratic central banking, this isn’t just about personal integrity. It’s about defending the legitimacy of financial success itself. “Strict adherence” signals discipline, almost asceticism, as if the real danger isn’t structural inequality or asymmetric information, but individual lapses in virtue. The “view that” language is telling: it’s presented as a philosophy rather than a measurable outcome, a belief that markets can be fair if participants are fair.
Context sharpens the edge. Greenspan’s career sat at the hinge point when finance became not merely a sector but a governing logic, culminating in the 2008 crisis that exposed how often one side “gains” by offloading risk onto the other. Read now, the quote feels like a portrait of the era’s confidence: that success can be both enormous and clean, provided the story of mutual benefit is compelling enough.
Quote Details
| Topic | Honesty & Integrity |
|---|---|
| Source | Help us find the source |
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