Flawed Measure of Wealth

A very average welcome to all the readers. Average because it is what world seems to so mad about. Finding average of everything is the prime motto of our govt analyses and stock brokers and financial anatlyst's and god knows who.

This originates from a  very basic ( but powerful ) thought. "Daily millions of people in this world die, and till writing of this paragraph, I have not seen even a single incident of taking this material wealth along with, when somebody leaves this world"

So from there originates this flawed measure of wealth, which can easily be a question for a Phd thesis. In this pro capitalistic age of money, where most of the developed world have successfully transitioned from a service based economy to finance based economy, we are in fact more close to a different kind of financial bankruptcy, let me enlighten you, In earlier people only traded with what they have, a farmer can trade on his harvest for something else.

There was real exchange of goods with either money or with other goods, hence a solid foundation of free market and apt for the freedom of choice. There is no denial of the fact that our basic still lies in the consumption of services and goods produced by the people ( and big corporation who monopolies the business). These Companies are made public, and there was a new kind of market and fight for the ownership and shared ownership of these companies, with time this sense of ownership was lost and a new game emerged which is called trading the shares. Till this point everything was fine.

After that, Investment firms begun to pop up and started a new kind of trade called derivatives, with risk as high as "mere 3 % depletion in the value of these so called derivatives will erase 100% of investor's money".

Hence I can explain state of market place as "Here there is no money but worthless pieces of papers lying around".

So this is background of my essay. This kind of financial Economy has given rise of instant Billionaires and instant bankruptcies. Making Money in itself is not a problem, but finding money equivalent to value is a problem.

I will explain it further like this : Earlier when we were kids, I remember all those big kids wanted to become teacher, doctors, may be a photographer, but now I ask my friends what you want to be : "I want to make money" is a simple answer. This trending is in-fact dangerous.

The way our national and global sentiments reflect over the money is alarming. Read the signs, in every five year we are seeing failing banks, which are too big to fail ? Bailout of order of billions of dollars, yet people making absurd money, and not finding enough way to spend it. Two both extreme events taking place simultaneously.

Youth instead of opting for creation of value and quality services for society, is more concerned about the profits and incentive he earns. This disintegration has arrived from the gratification of manifestation of greed.

Now at the end, just reflect do you really need billion dollars to be happy? Do your wife need artificially hyped Gucci or Armani or some common brands but with care and dedication. Do your children need latest gadget or some time?

Flawed Measure of wealth is actually what I find a Known Defect, but nobody trying to fix it. Remember whatever you do, you pay.

If money in itself is valuable, then we could have purchased life and happiness with it. But since we can’t, it proves that it is a token of appreciation for the value you creates for yourself and to your society.

It in itself has No Value.

God Bless