The Religion of Greed

“…money has become modern man’s most popular way of accumulating Being, of coping with our gnawing intuition that we don’t really exist.”  David Loy

In American culture, advertising is based on the premise that greed is good. Although greed is contrary to the ethics and values of most religions, it doesn’t really seem to matter much. Given the pervasiveness of greed today, the most widely accepted religion could be called Money, the religion of greed.

You may have paused for a chuckle at the absurdity of such a thought, but consider that under the rules of this form of religion, the marketplace, instead of being a space for the exchange of goods and services, has become the guiding principle for all nations and people. It even sends out corporate missionaries to the less-industrialized countries to integrate the people fully into the consumer market of spending money. Can’t afford it? No problem, can you say “charge it”?

According to Carolyn Wesson, author of Women Who Shop Too Much, “59 million persons in the United States are addicted to shopping or to spending.” The number of U.S. shopping centers has grown from 2,000 in 1957 to more than 30,000 today, meaning the number of shopping malls has surpassed the number of high schools in this country.

Two years ago the Nielsen Company ran a survey showing 10 percent of the world’s population (627 million), shopped on-line, while 2 years later the numbers had increased by 40 percent to 875 million people. Whether traveling to the stores or sitting at home we continue to feed our need to consume.

The problem lies in our attachment to the idea that buying things will bring us happiness. If only I had a new SUV, life would be perfect, so you buy a new SUV, but — surprise –life is not perfect. Why? Because you now have to work harder to make enough money to pay for your new vehicle, your family is upset because you work all the time, and to top it all off our country has to go to war to have enough oil to put into that SUV.

To thrive in a capitalist culture, you must be competitive, ambitious, industrious, and greed-driven. But most men and women just want to be happy, enjoy their families and friends, live a comfortable life, have their needs met, and not have to work 24/7 to have it all. Howard C. Cutter in The Art of Happiness at Work mentions that in 2002, The New York Times reported that in the past 30 years the real income of Americans had risen over 16 percent, whereas the percentage of Americans who described themselves as “very happy” had dropped from 36 percent to 29 percent in that same period. And it wasn’t just poor people who were unhappy—those with the highest incomes reported the most dissatisfaction.

According to Buddhist scholar David Loy, when Shakyamuni Buddha found the middle way he discovered that it doesn’t simply split the difference between sense-enjoyment and sense-denial. Instead it focuses on calming and understanding our mind, for such insight is what can liberate us from our usual preoccupation with trying to become happy by satisfying our cravings. The goal is not to eliminate all desires, but to experience them in a nonattached way so that we are not controlled by them. Nor does it mean that we must leave the world to learn nonattachment. It calls on us to attain a wisdom that recognizes the true nature of this world, including the true nature of oneself.

The key to liberation is not how much money we have, but how we respond to our situation. The wisdom that develops naturally from nonattachment is knowing how to be content with what we have. When we pursue money just for the sake of having money, we set ourselves on an endless cycle of wanting more, always more. Consequently, we are never satisfied with what we have, and our lives revolve around one goal: the attainment of more money.

Related Links:
8 Shocking Signs of American Excess
Uniting Spiritual and Material Values


Natasha Salgado
Past Member 4 years ago

Great article,thanks. Greed is killing our planet. Interesting points.

Elizabeth S.
Elizabeth S4 years ago

School brain washes you to go to college and make a lot of money. Success=high paying job college. Having money is great for security and saving for an emergency and retirement in old age.

You can be wealthy and still frugal like Warren Buffet. He still lives in the same house as he did fifty-five years ago.

Tyler K.
Tyler K.6 years ago

Thank you for this wonderful article - I think I need to keep the idea of greed as a religion in mind during my everyday life. It's important to remember to banish greed and care instead (just like the name of the site)!
I think the idea of a 'religion of greed' is especially applicable when thinking about politics. I started a book recently called 'Operation Downfall' by Daniel McNeet (, which is a political thriller about corruption and greed in the US government. I can't help but think I'll be reminded of this article when next I pick up the book.

Tiffany H.
Tiffany H.6 years ago

I've heard the phrase 'religion of greed' before, and it completely makes sense to me. Greed is everpresent in America, even behind a layer of morality. There's a great book that talks about the 'shadow' of greed: "Shadow in the USA" by Kay Plumb -

Phillip I.
Phillip I6 years ago

I totally agree, however, this is largely preaching to the choir. The "wrongness" with obsessing over material things has been explained since before even the Buddha addressed it. The Christ certainly addressed it. The fact is that people are deaf and blind to realities for which they are simply not ready.

May all beings be enlightened, May all beings discover and understand their suffering. May all beings find and follow the way out of suffering.

Camila K.
Kamila A6 years ago

This should be read by everyone, and should be taught in the schools to children before helping them choose careers they were born to pursue---for the betterment of all, not just themselves. There is a spiritual undertone to everything, and perhaps when the pain of empty pursuits become overwhelming, there will be a change of direction.

Eternal Gardener
Eternal G6 years ago

Brilliant word combination!!

Gerald M.
Past Member 6 years ago

Some good points here. Thank you.

Mariana T.
Mariana T7 years ago

good points

Eva Orta
Eva O7 years ago

Thank you very much for this article! And a big thank you to all the people who made so many insightful comments.
Yes, people need to change their more-more-more-mentality and sit down and realize what really matters :)