4 ms·
The creation of wealth extends far beyond the mere sum of natural resources. It's about the knowledge required to make use of it. Finding it, understanding it,
by eej71 7y ago
The creation of wealth extends far beyond the mere sum of natural resources. It's about the knowledge required to make use of it. Finding it, understanding it, combining it. Knowledge expands the range of our reach and of our ability to re-arrange - to create. In my view, wealth creation has its foundation in the expansion of knowledge.
- threatofrain 7y agoIn other words, materials and how to use materials. How has the worldview of scarcity been updated?
- pdonis 7y agoKnowledge does not have the same scarcity properties as physical objects. If there is one harvester, for example, only one farmer can use it. But if there is one new idea for how to harvest crops more efficiently with the harvesters that farmers already have, every farmer that learns of it can use it.