"Is the U.S. rich in happiness? contentment? My perception is no." Happiness is relative. Struggling to scrape by on a dollar a day, and wondering where your n

"Is the U.S. rich in happiness? contentment? My perception is no." Happiness is relative. Struggling to scrape by on a dollar a day, and wondering where your next meal is going to come from must be pretty awful. Perhaps more people should do volunteer work to realise just how lucky we have it in the west. I think that by being wealthier, you can "move up" Maslow's Hierarchy of Human Needs[1], and if you reach 'self-actualisation' i.e. you are intellectually fulfilled, have pride in your work and accomplishments etc., that that is it's own kind of happiness. I agree that you are never going to achieve any kind of happiness by simply pursuing some arbitrary dollar amount. That is a fool's game. Beyond a certain point increasing your bank account balance is a meaningless exercise. The second and third paragraph mention some things are are an unfortunate byproduct of an industrialsed nation. They are also arguably unnecessary - the means are there to combat obesity, products made by slave labour, destruction of the environment etc. I don't really have a good answer for these. It's important to note that some of these things can happen in a poor country too - I remember in the movie "Black Hawk Down" that the soldiers were admiring the lovely view of the ocean, but they were warned to not go in as it was extremely polluted. It probably wasn't the Somalians that polluted it though! "Your point appears to be that financial innovation (money pursuits) can and sometimes do lead to benefits for society." It all depends. If you are a seller of Credit Default Swaps in Goldman Sachs circa 2006, you probably know in your heart and soul that what you are doing is highly destructive to society. But dammit, you need to hit your annual bonus, so you sell, sell, sell. Good inventions can be twisted in destructive ways. All human systems and artefacts are imperfect. They are also morally-neutral. Think of nuclear power. When it was discovered, the idea was to bring really cheap electricity to the masses. As it turned out, the electricity wasn't cheap and the most horrific weapon ever created was unleashed. Or even a car - you can use a car to help an elderly neighbour get into town, or use it to escape from a bank robbery. And so on. "As a counter, I'll offer this up. The great scientific discoveries of the world were not done for money. Newton would not have been a better mathematician had he been paid more. Human progress, largely, comes from people who like to solve problems. Who are curious about the world and want to understand it. A society that gives such people the means to pursue their intellectual passions is one that progresses." True - but one must also pay the bills. You could work on your passion with great dedication and focus, if only for that pesky matter of money. Look at pg - he solved his money problem by selling Viaweb, and used his newfound time and wealth to help young up and coming entrepreneurs to launch and grow their businesses. If you ever see pictures of him, you know he just loves every minute of what he does. He does a great job because he cares deeply about nurturing entrepreneurship. But if he didn't have the time and money to do YC and had urgent bills to pay, things would be different and the world would be a worse off. Also, watch "The Secret History of Silicon Valley". Steve Blank details how Silicon Valley wouldn't exist today without defense funding from the government. We wouldn't be having this conversation if the US didn't spend so much on military research! On a related note, I was watching the BBC one morning and the question was posed to (I think) a historian: why couldn't the renaissance have happened in England? He gave two reasons, one was that England at the time was consumed in civil war, and the other was that the Catholic church was a major patron of the arts. Money again. By having such a wealthy benefactor willing to fund them, artists like da Vinci could create works of art like La Pieta[3]. A similar virtuous cycle exists today in Silicon Valley, with investors willing to place big bets on tech innovations that may or may not work. See the parallel? Those with money, but less skill (the Church, VCs) are willing to fund those with the skill, but not the money (hackers, artists). "I would argue that a better system needs to be developed because the downsides to the pursuit of money are quite bad and will lead to a world with it's resources plundered." Money, stock and bond markets are just a human construct that reflects human faults and failings, mood swings and fear and greed. Although it's imperfect, the capitalistic system is the best system we've come up with so far. It emulates evolution, which is probably why it beats communism and other alternatives. Hopefully it will continue to evolve to the betterment of all. On the lack of money causing evil, just look at the piracy situation off the coast in Somalia. There is no jobs or way of earning a decent wage there. So they turn to piracy as it's they only way to actually make money in that unfortunate country. [1] http://www.ruralhealth.utas.edu.au/comm-lead/images/Maslows-needs-Pyramid.jpg http://www.ruralhealth.utas.edu.au/comm-lead/images/Maslows-... [2] http://www.youtube.com/watch?v=ZTC_RxWN_xo http://www.youtube.com/watch?v=ZTC_RxWN_xo [3] http://pwlawrence.com/wordpress/wp-content/uploads/2010/08/Michelangelos_Pieta_5450_cropncleaned.jpg http://pwlawrence.com/wordpress/wp-content/uploads/2010/08/M...