My initial thought on the "American Dream is Dead" mindset was yay! Because, ideally it means more wealth for those of us who know it's alive and well.
The difference is that wealth isn't finite. It is not capped. It is created.
If everyone does better, everyone does better.
This is NOT an argument for redistribution... More like: If everyone knew that they could make something out of themselves, and tried, everyone would be better off, including the people that already did.
Yep. Wealth isn't a 0 sum game. Someone else getting rich often benefits you.
For example, we've all benefitted from Steve Jobs of Bill Gates getting rich.
Uber benefits you, Amazon benefits you. Toyota, Mercedes, Home Depot, Google.
Entrepreneurship and innovation makes life objectively better (if we measure 'better' by the reduction of unnecessary suffering in the world.)
The beauty of Capitalism is that it creates a win/win situation where both parties are left better off than they would have been without. all those win/win situations just makes the world better for humans (measured in terms of wealth and life satisfaction)
NOTABLE! - MINDSET - Required viewing: Why creating value is a *moral* imperative - Jonathan Haidt on the power of Capitalism
This was one of the most life changing talks I've ever seen. I think it should be required viewing for any Fastlane Entrepreneurs. Most people (even fastlaners) don't have an idea as to the shear magnitude of how utter miraculous capitalism is. I was always a believer of Capitalism, but when you...
www.thefastlaneforum.com
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.