US, Aug. 28 -- The recent shift in the US political climate towards socialism, as evidenced by the rising influence of leaders like Mamdani, Warren, AOC, Sanders, and, more generally, the Democratic Socialists of America, has raised concern across the political spectrum. Even the Democrats are worried about the future survival of their party. This outcome is not surprising if we follow changes in the economic environment in this country over the past decades and how people's greed has evolved.

I remember the line "Greed is good" from the movie "Wall Street". Growing up in socialist India, we were taught that greed is bad. The key mantra was Sri Ramkrishna's "Taka mati, mati taka" (Money is dirt, dirt is money). Even in Christian teachin...