Understanding Labor, Wealth, and Real Money
Our generation in the First World is presently living in a time of unprecedented wealth, luxury, and leisure. Technology has allowed huge advances in transportation, health care, and commerce. But much of the “wealth” that has been created is transitory. Real Wealth In essence, the only real wealth in the world is extractive. Extractive wealth come from mining, oil drilling, timber cutting, farming, ranching, or fishing. Manufacturing, while important, is essentially re-arranging what was originally extracted. And all other “wealth creation” in the so-called service economy is even more abstract–it is merely shuffling around bits of paper or electronic digits …