Wealth – Spurious And Real
Question about wealth
Did the rapid creation of wealth in Florence contribute to the burst of activity in the arts?Did the rapid creation of wealth in Florence contribute to the burst of activity in the arts? Explain your answer.
I find it fascinating to read all the comment about wealth as the current financial crisis develops. There is always the presumption that wealth can be created but little about the basis for that presumption. It has been taken for granted for years because the evidence has been there. Many people have seen their paper wealth grow like a weed. Now it is dying and they wonder what went wrong. They wonder whether some more fertilizer will make it grow again. They do not know the difference between spurious paper wealth and real substantive wealth. After all, why should they when the paper wealth brought them all they could desire? Now they will have to learn to make do with what remains of the real wealth.
Society has used intelligence, motivation, skills and the tools they have invented to build up, operate and maintain the structure of civilization by irreversibly using the available natural capital at a high rate. That structure of civilization is the real material wealth of our society. It has been the rock on which the other elements of real wealth – social, cultural, intellectual – have developed. Financial wealth used to represent this real wealth but that is no longer so. The cancerous growth of financial markets in recent decades has ensured a growing disconnect between real wealth and this spurious financial wealth. Naturally, this cancer is now imploding.
The question is how much influence will this implosion have on real wealth. The real material wealth of civilization has been built by using natural capital, which is natural material wealth. Consideration of only one side of the ledger – the real material wealth of civilization – leads to the misunderstanding that is endemic to the human race. We have built up our material wealth at the expense of decimating the wealth of our life support system, the environment. It can be argued, and is a common belief, that we have done a successful job of creating real wealth of society from natural wealth. That argument and belief is based upon the stupid assumption that natural capital can continue to be drawn down ad nauseum. Society is now going to have to face the reality that natural capital is becoming scarce. Most of the natural wealth has been decimated. Society is addicted to using natural capital at a high rate for its development, operation and maintenance. Yet, it is becoming scarce. The symptoms of this malaise, including climate change and fuel, food and water supply problems, are becoming apparent to even our leaders. We now have to face up to the real material wealth of civilization declining. Hopefully sufficient wisdom will emerge to maintain some of the social, cultural and intellectual wealth.
The irony is that money, in spite of its inherent lack of real value, continues to be the driving force of the operation of society. Those who have money can buy a high material standard of living without having to worry about the consequences. The well-off in society are doing a tremendous job of doing more than their fair share of decimating the life support system of civilization! The consequences of this ravaging will only slowly trickle up. There have been a small minority who have amassed financial wealth, often without contributing to the real wealth. They will be the last to power down as the economy contracts. The masses are already paying the price of the decimation of the real natural material wealth.
This discrepancy between real and spurious wealth comes about because of a simple hallucination of humans. We believe that we can ‘make money’. We ignore the fact that limited natural capital evolved slowly over eons under the driving force of insolation. We can thank the sun for making that capital. But we have developed the means to irreversibly use up that natural benefaction with money we have made!
Video related to wealth
Om Mahalakshmyai cha vidmahe Vishnu patnyai cha dhimahi Tanno Lakshmihi prachodayat Translation: “Om. Let us meditate on the Great Goddess Sri Lakshmi, the consort of Sri Maha Vishnu. May that effulgent Maha Lakshmi Devi inspire and illuminate our mind with understanding.” Laxmi Gayatri: This is the one Shakti believed to help in acquiring wealth, status, greatness, and fame; therefore, this mantra is used to invoke this Shakti. This video contains 11 Repetitions of Lakshmi’s Gayatri for learning to accurately pronounce this mantra (important). 108 repetitions (or 1 mala) is recommended daily. Pray to the Divine to guide you as I felt guided to make this. Even just regularly hearing the sacred Sanskrit words of this mantra will help you. “Goddess Lakshmi, consort of Lord Vishnu, is also the goddess of wealth and prosperity. The word ”Lakshmi” is derived from the Sanskrit word Laksme, meaning “goal.” Lakshmi, therefore, represents the goal of life, which includes worldly as well as spiritual prosperity. Worship Goddess Lakshmi for promotion, success and personal virtues. Women who chant her mantra will develop irresistible beauty and radiance, that shines from within. Praying to Laxmi you will learn how to be truly feminine and win everybody’s admiration. This mantra is a supplement for those, who are in show business or in acting and modeling. The mantra will help you to be noticed, brings luck and fortune. The drawing of Laxmi’s footprints are used as a magic charm in <b>…</b>
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Tags: decimation of natural capital, distribution, impotency of money, spurious financial wealth, wealth
Posted on June 18th, 2010 at 8:18 am
a stereotype has been created of wealthy people
Posted on June 18th, 2010 at 8:25 am
I can't believe that you asked that question. All a lot of money does is cause trouble. As long as your bills are paid, a good roof over your head, food on the table and a little in the bank, you should be very happy.
Posted on June 18th, 2010 at 8:37 am
@theSeductionKing..Thats true.. and its funny you said that.. My brother just told me the same exact thing 2 days ago.. Right now while I am sending this message I am watching “THE SECRET”… VERY INTERESTING..
Posted on June 18th, 2010 at 8:45 am
@dlee4life actually it is “The Love of money” is the root of all evil..and the love used here is worship.
I do not worship money.
Posted on June 19th, 2010 at 2:24 am
Your question defines what is wrong with Americans.
hurry up, you in my way, honk the horn, the drive thru is backed up.
Get rich quick plans don't work!
My grandparents worked their whole lives living on less than they made, not borrowing money but paying cash after saving up for things they needed not wanted and retired with dignity.
So If you wife won't work you need a second job and turn off the cable and other thing you don't need.
Posted on June 19th, 2010 at 4:01 am
It is not a new problem, but the Internet has made it more visible. People have always created wealth and production that is not part of the market economy, and so is not measured. If you take care of your own child, clean your own house, grow your food, fix your car etc it is not part of GDP, bit if you hire it done it is. When students study, learn a skill, or a researcher creates a new knowledge it adds wealth, in the sense that it creates a productive resource, but does not show up on anybodies account as wealth. The government statistics counts both public and private education expenses as consumption not investment.
You could even argue that most of the wealth we have inherited from our ancestors that provide us with a good life are things that are not now and never were bought and sold in markets.
There is an often quoted saying " if you give someone a fish they eat for a day but if you teach them to fish they eat forever". The logical conclusion of this is that the knowledge is more valuable that the product.
Posted on June 19th, 2010 at 4:22 am
He's part of this bailout anyway.
Remember, he was in on the Fannie Mae/Freddie Mac scandal from day one along with numerous other democrats.
But to answer your question, liberals believe that everyone should be brought down to the level of the poor, so it's important to punish the achievers to make the poor feel better. It doesn't help the poor any, and in fact tends to hurt them ultimately, but it supposedly makes them feel that Obama is getting back at the rich folks. The German word for it is "shadenfreude."
Conservatives have a different philosophy. They want to elevate the poor and give them more freedom to make more money so they will rise up to the level of the achievers in society.
And unfortunately, Bush wasn't a conservative. If we can ever get back to a conservative way of running this country we'll all prosper. It may not be possible, but it's worth a try for the sake of our children.
The deficit has doubled in the last week while the democrats pay off all their rich constituents for getting them the election. It's sad.
Posted on June 19th, 2010 at 8:07 am
@dlee4life The meaning of the pyramid and eye are exactly what you think it means.
they don’t have any meaning of their own…only what meaning you attach…and i can promise you that what i think it means is way different than what you think it means.
Posted on June 19th, 2010 at 12:14 pm
I wonder about this vid … the beginning of this video is hypnotic… the pyramid and eye is the secret sign of a curse…
Posted on June 19th, 2010 at 8:40 pm
VERY GOOD. I've been debating this for months with friends.
We have become a country where we would rather take $200 and purchase a new iPod than use it to help another American.
These taxes go to building roads, bridges, hospitals, schools, libraries, and the works. It goes to supporting our education.
America has become a place where if someone takes some money from you to help the rest of the country and you're all of a sudden not able to upgrade to that 50" plasma, that person must be a socialist…
This country SERIOUSLY needs to re-evaluate its values…
Posted on June 19th, 2010 at 9:52 pm
Thank you for this posting!
Posted on June 20th, 2010 at 8:39 am
this website is all about the distribution of wealth during the 20's:
http://www.gusmorino.com/pag3/greatdepression/
Posted on June 20th, 2010 at 1:00 pm
Thank you, I already manifested my villa with swimmingpoo, on a tropical island in Thailand now I intend to manifest a brand new Alfa Romeo.
Posted on June 20th, 2010 at 2:58 pm
Well, there is a balance between being aware and questioning and also thinking there is a conspiricy behind every blade of grass. But it is always good to question, just be aware of your own internal motives to put a spin on something..
Posted on June 21st, 2010 at 2:07 am
It depends how much money you have…that is how much you have in net worth. If you have more than say $100,000 you may be allowed to see a wealth manager. If you have less you will be relegated to see an FA.
Posted on June 21st, 2010 at 2:45 pm
@theSeductionKing the eye of Horus.. the all seeing @ the top of the food chain.. this symbol sends a vibrant energy to people… its all about money.. MONEY IS THE ROOT OF ALL EVIL
Posted on June 21st, 2010 at 4:48 pm
No. Cosimo D' Medici was responsible for the rebirth of culture. He was already wealthy. The Renaissance was the CAUSE of the rapid creation of wealth, not the result.
Posted on June 21st, 2010 at 5:16 pm
Great! I am very thankful for this! Thank you, Joe Vitale and Mark J. Ryan! I am rich! I am full of abundance, of love, of peace, of money, of fulfillment, of joy, of hapiness!
I love you, reader!
With joy and love, and very, very positive energy sending to you!
Greetings from Poland!
VECK!
)