(5) The Generation of Wealth

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[Chapter 5: The Generation of Wealth]

Wealth is generated by harvesting resources found in nature and converting them into a form useful for people. People can become wealthy by either generating wealth or by acquiring the wealth generated by other people. Truth is essential for generating wealth. Perception is essential for acquiring wealth from other people. A society can become impoverished by ignoring truth and focusing only on perception.
Life is not a zero sum game. Mathematics, science, and technology are tools that can be used to catalyze the generation of wealth. Fair and transparent policies in government and business are tools that can be used to catalyze the generation of wealth. People are motivated to generate wealth when there are fair and transparent policies that delineate and protect their percentage of the wealth they helped to generate. In a healthy society, positions that that require more responsibility, more investment or risk, more skills, and/or more work are generally rewarded with a larger percentage of the wealth that was generated.
Communistic and socialistic governments fail because there is taxation without representation. The people acquiring the wealth are not the people who produced the wealth. There is no motivation to generate wealth if it is stolen through taxation and extortion by corrupt laws and corrupt courts. Capitalism succeeds if an only if the government protects the rights of every individual. Capitalism fails if the government becomes corrupt and shows partiality to the wealthy and well connected. Corrupt governments allow the wealthy to extort money from the poor through taxation without representation and through corrupt courts that show partiality to the wealthy and well connected.
A society may be perceived to be healthy if it is wealthy, but that is not always the case. The truth of a society’s health is determined by whether the wealth was obtained from a firm foundation or a shaky foundation. The firm foundation of a healthy wealthy society is the ability for it to generate its own wealth and prevent that wealth from being exported to neighboring societies. The shaky foundation of an unhealthy wealthy society is its dependence on wealth being imported from neighboring societies and its inability to generate its own wealth (it is unable to harvest is own resources nor convert them into a form useful for people) but is dependent on wealth being imported from neighboring societies.
A society can become impoverished if it does not generate wealth or it does not maintain its wealth. A society can become impoverished if its technology or policies prevent it from having the means or motivation to harvest its untapped resources. A society can become impoverished if the wealth that it does generate is imported to neighboring societies. Each society should keep track of how much wealth it generates, how much wealth it imports, and how much wealth it exports.
A healthy wealthy society generates most of its wealth itself and the amount of wealth imported and exported should be generally balanced. An unhealthy wealthy society imports more wealth than it exports. An unhealthy impoverished society is unable to generate its own wealth and/or it exports more wealth than it imports.
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