Post
Topic
Board Economics
Re: Money is all wealth?
by
Freddie Boyer
on 22/05/2024, 16:19:42 UTC
In reality, money or traded goods has always dictated how easy your life will be. If you are born into a richer family then your life will be completely different to someone that is born into a family with nothing. In many places around the world, if your family does not have money you will be unable to get even a basic education which can keep a family in a perpetual poverty trap. Sometimes parents see quantity of children as the only way to escape poverty, if they're able to raise them and they go out to earn enough money for the whole family. At the complete other end of the spectrum you have the super rich who could stop any work now and still live an unimaginably wild and fun lifestyle that the average person could barely even comprehend.

Of course, it is true what you appear above that it is true that wealth and resources owned by a person often determine the ease of life and vice versa for those who lack it.

I think that's the case, on the other hand, it also reinforces the cycle of poverty when inequality and Systemic inequities are not immediately addressed to be evenly distributed.

This is why the rich are getting richer and poorer today.