Why is Wealth Important LO8067

Michael McMaster (Michael@kbddean.demon.co.uk)
Mon, 24 Jun 1996 07:48:54 +0000

Replying to LO8047 --

Money and wealth, while largely collapsed in our culture, are
distinct and the distinction is important.

My 1890 Scottish dictionary (supported by more modern English
sources) says that wealth is "great accumulation" and comes from the
root word "weal" or well-being. So, wealth is that accumulation
which is sufficient for well-being. This might be money, knowledge,
property - anything that one can be said to "possess".

Before anyone leaps off down the road of "you can't possess
knowledge", I would say that in the old materialist world view, the
possession of knowledge is quite limited. In the contemporary view
of a world of information-energy, posession is not exclusive and
therefor completely consistent with knowledge as wealth.

Michael McMaster : Michael@kbddean.demon.co.uk
book cafe site : http://www.vision-nest.com/BTBookCafe
Intelligence is the underlying organisational principle
of the universe. Heraclitus

-- 

Michael McMaster <Michael@kbddean.demon.co.uk>

Learning-org -- An Internet Dialog on Learning Organizations For info: <rkarash@karash.com> -or- <http://world.std.com/~lo/>