Prof. Richard A. Werner's Discussion Group

In addition, people's happiness is largely due to the recognition and respect of others. If a person is loved by most people, even if he only eats ordinary bread, he is happier than eating delicious beef but not being loved. In modern society, it is difficult for many people to be recognized by others because of artificial social inequality. Modern people's food, clothing, housing and so on are indeed much better, but if they are more difficult to be respected by others and loved by the opposite sex, we can't think that their lives are much better.

I do not deny the fruits of economic development. Thousands of years ago, people often starved to death. But I'm not talking about absoluteness, but relativity. People's lives could have been much better if the top did not deliberately oppress them. Although the physical pressure of modern people has become smaller, I think that the psychological pressure has increased. For example, the living standard of the Japanese 30 years ago was obviously better than that of the people in many poor countries, but they were still suffering so much that they committed suicide.

Many thanks

Enzo What is your counter to the argument that the average American's life got 10x better and for the wealthy Americans 10000x better since the 20th century. Keeping in mind, the 19th century was basically an agranian economy and life was very tough for americans. Additionally, capital formation markets were a mess because anyone could open a bank and print their own money from east to west coast. Can you imagine the challenge to govern a territory that big, relying on hand written letters and trains to transport them? Sure telegraph was invented in 19th century but it took infrastructure, and that takes time to set up. And yet the USA became global super power by mid 20th century and achieved unipolarity before it ended, thats remarkable regardless of their ruthless foreign policy. Additionally, some people may argue the Fed has done a phenomenal service for private sector because the constant creation and directing of new capital is a great thing for entrepreneurs and consumers, evidenced by the fact that in only 100 years technology and access to it improved infintely worldwide example air travel, computers, elctrodomestics, electronics, communication technology, internet, and so much more. Some would even argue that the individual, regardless of background, race, religion or gender has never been more empowered than today.

I mean this is the overall phenomenon of our society. For ourselves, we still need to control our lives, never fall into their traps.

Or make ordinary people incapable or unwilling to have and raise children. Generally speaking, the fate of ordinary people cannot be decided by themselves.

If they don't need so many slaves and losers, then injection.

The Alchemy of Finance, you know.

Do you remember the name of the book?

In social activities, they need slaves, and in financial investment, they need losers.