"Greed is good" is the MO everywhere on the planet now. Everyone I know in EU is trying to cash in as much as they can while the going is still good because they feel the ladder constantly being pulled from them (layoffs and wage stagnation everywhere, housing costs massively outpacing wage growth, etc). Either from scamming their company or from scamming the government and welfare system.
And the compound the issue, the government trying to "fix" this only makes things worse as they just add more taxes on the honest working class people in their quest to tax "the rich" and give to the poor, which is only a populist measure for votes, nothing that actually fixes the problem since none of the globalist robber barons are affected by such policies as all their wealth is tied in a network of international foundations, charities, trust funds, etc. so when you add a 3 Euro tax on Aliexpress items, you're only gonna hurt the guy trying to repair his TV and washing machine, not the real estate magnate living in Monaco.
I don't think we can escape this downward spiral in any peaceful and democratic way. That's probably why the EU is pushing all these privacy invading laws lately, to catch and crush any public uprisings before they happen.
Your friends probably aren't engaging in "greed is good" themselves, just responding to the economic conditions created by people who are engaging in it.
In the American cultural headspace, "greed is good" refers to a very specific brand of robber-baron capitalism. It's a doctrine that was first given academic legitimacy by the University of Chicago's school of economics, then put into practice in the 1980s under the Reagan administration, and nowadays its loudest proponents are Musk and Thiel. It's an economic theory that lionizes extractive behavior by the economic elite, with some bullshit trickle-down argument that's too convoluted to be worth explaining here.
It creates an environment where everyone had to do evil shit just to put a roof over their heads, a self-regulating race to the bottom. Your friends are likely just unwilling participants, a side effect of "greed is good" rather than doers of it.
It does not. It refers to the Eighties brand of corporate raiders and excess Capitalism. It's a quote from the film, "Wall Street". That whole paragraph is wrongly conflating ideas.
Yes, which is why I said "Everyone I know in EU is trying to cash in as much as they can while the going is still good".