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There's the question, what is wealth, and there's the question, how much wealth is enough?

From the human perspective, I think wealth might be plotted on a 3-dimensional scale, where the axes are time, freedom, and comfort/quality.

Do you have enough time to enjoy your freedom and the quality of your material possessions?  Do you have the freedom to choose what to do and when to do it?  What degree of material comfort and quality is available to you?

The laws of compound interest and the murderous returns necessary to maintain current accumulated wealth, combined with a deeply entrenched aversion to creating money and giving it to those who need it, make it impossible to spread the immense bounty made possible by current productivity.  But how could this be fixed?

No accumulated income?  On what time-scale should this be measured?  Weeks?  Months?  Years?

Maximum working hours, so as to spread current employment opportunities more evenly, and increase free time for all?  How about 4 hours/day?

What to do about housing?

And for that matter, industrial planning?  How could  industries be induced to produce effectively and efficiently, avoiding both the sub-par quality and unresponsiveness of traditional Soviet-style socialism (where accounting techniques resulted in plant owners avoiding production for consumers at all costs), and the current over-production and over-efficiency of the current system?

by Zwackus on Sat Sep 1st, 2012 at 07:22:34 AM EST

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