Thought on More  

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Our society is a society which always asks for more.

  • The Olympic motto is Citius, Altius, Fortius (swifter, higher, stronger)
  • You can find 5,620,000,000 results if you google "more"
  • McDonald or Burger King or other fast food chains offer you to SuperSize your "value" meal (the word value is debatable actually, but let's discuss about that later on)
  • Our children are told to have better grades, to achieve more and more and more
My question is, is it OK to always have more?

The industrial revolution in 18th century was surely brought a major and significant change in the way human live.
Steam machines, railways, textile industry mechanization, have improved the productivity.
Industrial Revolution also began an era of modern capitalization.
I'm not going to start a debate on economic system. But capitalization was undoubtedly asked for more. You need more capital to obtain more profit. Is it a problem? No! Why? Because everybody loves moolah!

Again, is it OK to always have more?

The global financial crisis we are facing right now is an example of the damage more can cause.
Those big cats at Wallstreet are wanting more and more. In the end, they end up having much less.

If you are not a "more" person, this economic recession is not a big deal actually.
Most of the people are still employed, people can still buy thing.
But people cannot buy more.
The main problem with a recession is trade and industrial activities are temporarily reduced, and for people who are asking for more, that's one hell of a problem.
Instead of looking at how much do we get this year, they ask how growth do we obtain this year?
There's nothing with growth. There's nothing wrong with improvement.
Change is a must, so is growth.
BUT, you should know the limit of your growth.
How much do you expect to get.
Be realistic, be modest, that's the key.
It's not the era of jeunesse dorée or haute couture anymore.

I'm not against capitalism or embrace Marxism.
I'm just reminding people of a principle they often forget.
The principle of equilibrium.
In order to get something you have to lose something.

Asking for more in the name of progress is not a wise move.
Sometimes having less will give you more.

For conclusion, I'm going to remind y'all what George Soros once told us about the importance of equilibrium.

"Economic theory is devoted to the study of equilibrium positions. The concept of equilibrium is very useful. It allows us to focus on the final outcome rather than the process that leads up to it. But the concept is also very deceptive. It has the aura of something empirical: since the adjustment process is supposed to lead to an equilibrium, an equilibrium position seems somehow implicit in our observations. That is not true. Equilibrium itself has rarely been observed in real life — market prices have a notorious habit of fluctuating.
The Alchemy of Finance: Reading the Mind of the Market
(1987)"

This entry was posted on Wednesday, October 29, 2008 at Wednesday, October 29, 2008 and is filed under . You can follow any responses to this entry through the comments feed .

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