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Availability of shelter, food, water, medicine, transportation. Are they evenly available to all? No. Are they there to be available? Yes. Neither Caesar August
by quantified 3y ago
Availability of shelter, food, water, medicine, transportation. Are they evenly available to all? No. Are they there to be available? Yes. Neither Caesar Augustus not Louis the XVIth could have travelled from Los Angeles to New York City in a quarter of a day and it takes only 1 week of labor at USD 10/hour to obtain the needed money.
There are many measures of wealth for a nation though, and they aren't the same as measurea of wealth for individual people. What measures do you usually employ?
- kelseyfrog 3y agoCan you help me understand why you chose availability rather than accumulation?
- quantified 3y agoI don't operationalize anything, I'm just listing and describing. Things aren't available unless they are either accumulated already or can be produced quickly from other things that already are accumulated. There is enormous wealth in all the infrastructure and institutions large and small. For all the value in the medicines that currently sit on shelves, the ability to crank up production of some if deemed necessary is of great value too. We're not great at allocating the national wealth IMHO but we can see countries that do it much worse.
- kelseyfrog 3y agoWhat is operationalization in your mind?
- quantified 3y agoMaybe I misunderstand it. What is it in your mind? I cannot make wealth operational, it is not in itself a mechanism.