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MEANING OF WEALTH
In material terms, wealth is the individual or collective accumulation of assets over time. In the context of this article, assets are items of value against which, in modern economic systems, monetary worth may be attached. These items may include land, structures built upon it, contents thereof and their applications towards management and accumulation of more wealth. They may also include objects perceived to be aesthetically precious, such as gold, diamond, pearls, and works of art of all kinds.
Other items of value may be ownership of stock in business enterprises, and possession of hard transactional cash both outside and inside the banking system. A summation of all the mentioned gives total wealth of the individual, organization, or nation concerned. When liabilities are subtracted, a net worth is derived. The higher the net worth of an entity, the wealthier they are.
In principle, material wealth ought to facilitate acquisition and provision of life’s basic needs and wants, and much more, for those in possession and management of it. When this happens, a state of opulence has been attained. The wealthy, i.e. possessors of net positive wealth, are defined as such because their wealth gives them almost unlimited possibilities to access and acquire as their needs, wants, and demands dictate. This is manifestation of power. As to the judiciousness of the wealthy’s use of power in society is another discussion outside the scope of this presentation.
Genuine wealth is, by definition, a functionally non-static concept eroded over time. A state of poverty is reached upon when time has, for any reason, eliminated the symbols of, and access to wealth and the benefits thereof accruing for the formerly wealthy.
Wealth is regenerative, self-sustaining, and seeks to perpetuate itself indefinitely, to the extent that natural and social forces permit. Social forces referring here to the mechanisms through which society is organized politically, economically, and culturally. The essence of wealth is growth, that with reference to quantitative and qualitative aspects of existence, for both the individual and society. This denotes progress, leading to overall societal development.
At my age, 57 years old, I have reached a stage in life where, with a mixture of wonder and sadness, I have watched my contemporaries go through the most amazing transformations in life. Some have died; others are dead-people-walking with terminal diseases, or pursuing life-style choices slowly but surely sucking the lives out of them. There are those who have lost, and are losing their loved ones in the same fashion.
Many others have been married and divorced at least once. A few have found more fulfilling lives after divorce. Others have lost their children and everything they had owned, including self-control contra temptations of the world. The latter lead miserable lives of constant searches for ever non-gratifying pleasures of life, also dying slowly inside.
Some of them have, with varying degrees of success, even been on the suicide path more than once before. Watching them go by their tragic lives, every day is like on a tick-tock-tick-tock time bomb rhythm. When the lethal explosion finally comes, I hope it’ll find each one alone in each their valleys of death. I hope further that they will finally find peace on the other side, if the other side does exist at all … (Continued in the book: “MACHONA BLOGS – As I See It”. Order Simon Chilembo books on Amazon)
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June 15, 2017
Whether or not my body will be draped in the finest Armani Suit material, crematorium flames will consume my flesh just like that of another person dying in an inferno somewhere. Lying dead six feet underground, decomposition breaks down, and the worms consume of, our flesh all in the same manner.
A Tsunami will take you if you are in its way, regardless of who you are. In the event of a global nuclear war, we all gonna go. Tastes and preferences considered, pieces of compelling music move us all one way or another.
In a perfect world, the long arm of the law grabs us all when we commit criminal offences. In His/ Her non-bastardized form, whether He/ She really exist or not, God is there for us all. We are all equal, like bedfellows, in the face of forces and powers beyond the realm of our direct control and/ influence, these be natural phenomena, or man-made systems of checks and controls of human behaviour.
Given that from the outset the earth is a given as a unique, closed eco-system with all its attributes of abundance and relative scarcity of resources, we are at birth all equal no matter where and when on earth we are born. This is as far as it goes. Period. Beyond this, life-long differentiation characterizes human existence, and determines how human beings will interact with one another, thereby establishing often very specific social relations, as the world goes round and around.
What lies at the core of this differentiation is how, primarily, people as individuals and, secondarily, as collectives of all sorts and kinds, organize their thoughts and behaviours in relation to how they choose to deal with nature and its given attributes, as well as challenges.
Some may give in to the might of nature and God; letting these dictate how they’ll live and lead their own lives. Losers. Others will strive to understand the workings of nature with the intention and purpose of finding out how to harness some of the forces of nature towards improving both the quality and potential of life and living.
The latter will often be pioneers, resourceful visionaries; they will be leaders of others, influencing thoughts and behaviour through various social engineering tools and mechanisms. It may be good, it may be bad; that’s how we roll. Good-bye equality!
When, a total stranger from far, far away across the world, like Professor Stephen Chan, comes into my life and allows me to grow up under his guidance and tutelage as my Karate teacher, he does so from a position of age advantage, more and higher knowledge and understanding of the ways of the world.
He comes with greater skills, as well as greater and wider appreciation of the Martial Arts, their principles, and history. Through his intellectual and academic might, he has inspired me to want to read, write, and think more about my life and how I fit in the wider game of living as a decent member of society wherever I am at any one time … (Continued in the book: “MACHONA BLOGS – As I See It”. Order Simon Chilembo books on Amazon)
August 24, 2013