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In [[Christian]] tradition, greed (often called ''avarice'' in this context) is considered to be one of the [[Seven Deadly Sins]]. When taken to mean an excessive desire for money, greed is specifically condemned by [[St Paul]] in the [[Bible]]: ''"Love of money is the root of all kinds of evil"'' {{Bibleref|1Timothy|6|verses=10}}.

In [[Christian]] tradition, greed (often called ''avarice'' in this context) is considered to be one of the [[Seven Deadly Sins]]. When taken to mean an excessive desire for money, greed is specifically condemned by [[St Paul]] in the [[Bible]]: ''"Love of money is the root of all kinds of evil"'' {{Bibleref|1Timothy|6|verses=10}}.

Famous examples of greed include the mythical [[King Midas]], who foolishly wished that everything he touched would turn to gold, and the bankers whose pursuit of short-term profit together with home owners who borrowed more than they could afford in the run-up to the financial crisis of 2008 in [[Europe]] and the [[US]].

Famous examples of greed include the mythical King Midas, who foolishly wished that everything he touched would turn to gold, and the bankers whose pursuit of short-term profit together with home owners who borrowed more than they could afford in the run-up to the financial crisis of 2008 in [[Europe]] and the [[US]].

Union greed remains one of the biggest problems, as it undermines individual corporations and whole industries in the face of competition. Demanding more than the going rate puts long-term company and industry growth at risk. In Spain 2/3 of the workforce hog the jobs leaving the remaining 1/3 scrounging for work when they can get it—Spain has 25% unemployment overall and 50% for those under 25 years old (June 2012). In Italy it takes a court order to fire an employee, making hiring risky—many young Italians have to leave the country to begin their careers. In the USA, municipal unions gain pensions largely unavailable in the private sector. California is the result.  

Union greed remains one of the biggest problems, as it undermines individual corporations and whole industries in the face of competition. Demanding more than the going rate puts long-term company and industry growth at risk. In Spain 2/3 of the workforce hog the jobs leaving the remaining 1/3 scrounging for work when they can get it—Spain has 25% unemployment overall and 50% for those under 25 years old (June 2012). In Italy it takes a court order to fire an employee, making hiring risky—many young Italians have to leave the country to begin their careers. In the USA, municipal unions gain pensions largely unavailable in the private sector. California is the result.