The Rich Owe a Debt to Society
Innumerable benefits accrue to one who chooses to enter into society as opposed to living a solitary life. These benefits include security and companionship, but most importantly it allows us to reap the benefits of comparative advantage. That is, John is a good basket weaver, Sarah is a good farmer. They both need baskets and food, but instead of John trying to grow his own food and Sarah trying to learn how to weave baskets, they both spend their time doing what they're good at and John trades his extra food for Sarah's extra baskets.
Comparative advantage allows us to occupy ourselves exclusively in the area in which we are most productive, and society is a direct prerequisite to this phenomenon. A successful businessman can spend his time analyzing sales reports, building relationships with investors and attending conferences because he is not preoccupied with growing his own food or sewing his own clothes. He is able to practice his profession and thus create the value for which he is commensurately rewarded because, and only because, he participates in a society. The businessman has accrued huge benefits from the society and all the people that participate in it with him. He is indebted to society.
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
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The Oxfam report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency."
- A new report by Oxfam argues that wealth inequality is causing poverty and misery around the world.
- In the last year, the world's billionaires saw their wealth increase by 12%, while the poorest 3.8 billion people on the planet lost 11% of their wealth.
- The report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency." We explain what Steven Pinker's got to do with it.
Moans, groans, and gripes release stress hormones in the brain.
Could you give up complaining for a whole month? That's the crux of this interesting piece by Jessica Hullinger over at Fast Company. Hullinger explores the reasons why humans are so predisposed to griping and why, despite these predispositions, we should all try to complain less. As for no complaining for a month, that was the goal for people enrolled in the Complaint Restraint project.
Participants sought to go the entirety of February without so much as a moan, groan, or bellyache.
- Facebook and Google began as companies with supposedly noble purposes.
- Creating a more connected world and indexing the world's information: what could be better than that?
- But pressure to return value to shareholders came at the expense of their own users.
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