5 ms·
True, I think the mindset that "hard, honest work is for fools" has become self-fulfilling. People have become so intensely focused on becoming rich that the m
by cryptica 7y ago
True, I think the mindset that "hard, honest work is for fools" has become self-fulfilling.
People have become so intensely focused on becoming rich that the mechanisms for getting money have become completely divorced from value creation behaviors which money was supposed to encourage. Detaching money from the gold standard was the straw that broke the camel's back IMO; it systemized deception.
If the financial system is deceptive at its foundation, all the ventures which succeed within it are going to be of a deceptive nature as well.
Value creation is on its death bed. In our complex, unfair and unequal system, most winners are tricksters, cheaters or just born into it (in which case their parents were probably cheaters/tricksters).
I think it's only getting worse over time.