24hgold - What is Wealth?

PRECIOUS METALS (US $)
Gold	1367.40	4.60
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CURRENCIES ($)
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dennyc
Member since October, 2011
74 commentaries - 2 followers
Follows 2 members

Commented On
What is Wealth? - Mike Hewitt - Dollar Daze

(4)

The key word in Mr. Hewitt's discourse on the meaning of wealth is 'more'. However, wealth is not necessarily surplus. One would like to believe that wealth, intrinsically, is something, anything really, as in wisdom, thrift, intuition, application, interpretation, a something which will not only enhance and produce efficiency, but will provide a sensible framework within which capitalism's survivability will be assured. Unfortunately, that's not happening these days. One simply doesn't run off and begin manufacturing with the goal of achieving surplus. We currently have warehouses full to the gills with good intentions. The wealth that has been missing lately from capitalist production processes is not only capital, but good sense, good planning and satisfaction. There appears to be a anarchistic element running amok in the markets these days which has eschewed the fundamental virtues of thrift, hard work, a useful product, survivability and respect for the future with a 'winner take all' mentality which revels in accomplishments such as destroying competition and getting something for nothing (Sadly enough, Welfare isn't simply confined to those living in poverty). Wealth is not necessarily something you can hold in your hand, but it is something you can use and too much of its current use is destroying the system which produced it the first place.

Commented 417 days ago

Read the headline :"Money will not purchase happiness for the man who has no concept of what he wants: money will not give him a code of values, if he's evaded the knowledge of what to value, and it will not provide him with a purpose, if he's evaded the choice of what to seek." (Ayn Rand, Atlas Shrugged)..Read More

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