There have been various schools of thought and debates about the positive and negative effects of greed. While some argue that greed is good, maximum people hold the belief that greed is disruptive and can mar a person's life.
Greed is regarded as one of the seven "dark" personality traits or character flaws. Almost all human beings possess greedy tendencies but some have it dominant in their nature due to certain things or situations that left a sense of "missing" or "lacking"
Greed is nothing but an excessive and avid desire for something extra, especially related to wealth, property, food or other possessions. It is a want for more than required and is a result of selfish craving. Hoarding and grasping are the most prevalent features of greed.
The selfish desire to hoard more is termed as greed. It has the following components:
Early negative situations/experiences
Rise of misconceptions about self or others or life in general
A constant sense of insecurity and fear
A maladaptive defensive attitude
A personality that tries to cover up all the above
When a child is deprived of his/her basic needs i.e. love, care and attention, he/she starts feeling insecure. A sense of unfulfilled needs, deprivation, and unreliability develops in childhood that lingers on for life in most cases. No amount of alternative stuff like toys, chocolates, and gifts can overcome this feeling but it does teach the child to make do with whatever is made available to him/her.
Growing with such feelings of deprivation and "lacking", the child - now turning into a youngster - develops a wrong perception of life. He feels that life is unreliable and will never give him enough. In short, he becomes cynical towards life.
Because of this cynical attitude, fear starts lurking in him. The person feels that he will never be able to enjoy life as there will always be a dearth of things. He also becomes jealous of others who seem to have everything that he does not - be it a materialistic thing or simply a trait like happiness. As per Osho, greed is the fear of inner emptiness, it is a sort of insanity.
When you set out on the path of greed, you become blind to what already exists. The sense of lacking something takes you on the path of hoarding, stealing, snatching, envying, using wrong ways to stuff yourself with something and feel temporarily accomplished. You become an inhumane human!
By the time you grow into an adult, you already realize that you are not on the right path and have strayed away from the path of righteousness. However, to make yourself acceptable in the society, you start looking for worse and enter a kind of unhealthy competition. You start accusing and blaming others of their lifestyle and habits in order to gain a false sense of appreciation, which unfortunately does not last long.
Desperate and eager to hoard something that is not even a necessity, leaves you with an insatiable thirst. Dissatisfaction leads to restlessness which in turn leaves you angry, impatient, and rude.
Despite all the efforts, nothing works in your favor. What started off as a mere need to fill the "missing" or "lacking" spirals into desperation and frustration for life. You feel trapped in the tight grip of greed and miss out on all the positivities of life. Before you realise, your life is moving to an end and irrespective of whatever you do now, you have lost on the beauty of life.
The gist is, stay away from greed and don't let it engulf you in its trap. Enjoy life while it lasts!