To what degree is Net Worth a phantom, a ghost, a cipher? We only discover its emptiness when we sense mortality's hand on our left shoulder.
On what categories/areas would you rate a person's contribution/value to the world?In the absence of an alternative, we seem to value money as a proxy for value. However, as you note, wealth is not equally valuable (e.g. Steve Jobs vs. Jamie Dimon). So outside of cash, how else should we think about evaluating people? Charity, time spent with family, time spent creating goods/values, time spent employing others, power over others, etc.
As I think about it, we all divide our time among various activities and it may make sense to segment us by how we spend it. In the end, the scarcest resource of all is time and how we choose to use it says a lot about who we are. What if there was a way to make our "Net Value" to society be as well known as our "Net Worth", maybe that would lead to a change in mentality/perspective.
Midnight in Paris, $5,000
A second-generation GNH concept, treating happiness as a socioeconomic development metric, was proposed in 2006 by Med Jones, the President of International Institute of Management. The metric measures socioeconomic development by tracking seven development areas including the nation's mental and emotional health. GNH value is proposed to be an index function of the total average per capita of the following measures:
1. Economic Wellness: Indicated via direct survey and statistical measurement of economic metrics such as consumer debt, average income to consumer price index ratio and income distribution
2. Environmental Wellness: Indicated via direct survey and statistical measurement of environmental metrics such as pollution, noise and traffic
3. Physical Wellness: Indicated via statistical measurement of physical health metrics such as severe illnesses
4. Mental Wellness: Indicated via direct survey and statistical measurement of mental health metrics such as usage of antidepressants and rise or decline of psychotherapy patients
5. Workplace Wellness: Indicated via direct survey and statistical measurement of labor metrics such as jobless claims, job change, workplace complaints and lawsuits
6. Social Wellness: Indicated via direct survey and statistical measurement of social metrics such as discrimination, safety, divorce rates, complaints of domestic conflicts and family lawsuits, public lawsuits, crime rates
7. Political Wellness: Indicated via direct survey and statistical measurement of political metrics such as the quality of local democracy, individual freedom, and foreign conflicts.
Gordon T. Long and CHS discuss The Global Endgame (25 minutes, 30 slides)
Max Keiser and CHS discuss debtism, sickcare cartels and much more:
Keiser Report: Bitcoin Millionaires vs Paper Billionaires; CHS and Debtism
Things are falling apart--that is obvious. But why are they falling apart? The reasons are complex and global. Our economy and society have structural problems that cannot be solved by adding debt to debt. We are becoming poorer, not just from financial over-reach, but from fundamental forces that are not easy to identify or understand. We will cover the five core reasons why things are falling apart:
1. Debt and financialization
2. Crony capitalism and the elimination of accountability
3. Diminishing returns
5. Technological, financial and demographic changes in our economy
Complex systems weakened by diminishing returns collapse under their own weight and are replaced by systems that are simpler, faster and affordable. If we cling to the old ways, our system will disintegrate. If we want sustainable prosperity rather than collapse, we must embrace a new model that is Decentralized, Adaptive, Transparent and Accountable (DATA).
We are not powerless. Not accepting responsibility and being powerless are two sides of the same coin: once we accept responsibility, we become powerful.
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