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RE: Money = Wellbeing

in Finance and Economy4 days ago

Indeed, there is a system based on making money instead of prosperity. Interestingly, some of those who are missing money and prosperity want to continue this system. Do they want to be in favor of the strong? Are they fools?

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Do they want to be in favor of the strong? Are they fools?

Yes and yes. Rich and poor are no different, except one side has money. The poor want money too because it helps their immediate wellbeing, so they do what the rich do - making the rich wealthier. The distribution mechanism is broken, so it will never balance to an equilibrium where the majority have a high level of wellbeing, even if it averages to it monetarily.