yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

How much money is enough? | Vicki Robin | Big Think


3m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

We talk about the old roadmap for money, and the old roadmap was born really out of the industrial revolution. It was born out of the sense of the “wild west,” of “anything is possible,” of manifest destiny, of American exceptionalism, whatever you want to say. Or you can go back even further to capitalism itself.

But the roadmap is: “growth is good, more is better, whoever dies with the most toys wins.” It’s a materialist roadmap, and the part of the roadmap is not only that; it’s an empty world. “Uh oh, there were people here before the white people came. And, you know animals. There was already a living mature society—“ “No, no, no. It was empty.”

And then the other part of it is that one of the essential ingredients of it that still people, even if intellectually they understand it they do not get it, is that in that roadmap the economy can grow forever and the Earth is like just sort of a toy chest. You just keep reaching in there and pulling out resources, reaching in and pulling out resources.

So the economy can grow infinitely because the Earth is an infinite cornucopia of resources. The fact of the matter is that the economy is a fabrication, our economy is a fabrication, a set of rules inside a finite planet. There’s a way to measure. There’s a way to measure the human impact, the impact of human consumption on the Earth. It’s called the ecological footprint, and they can measure every little scintilla of, you know, my watch and my eyeglass.

Everything I have, everything we sit in, everything we walk around on, they can measure that in terms of the amount of the planet it took to develop that. So we have measured the amount of planet we have and humans are consuming more than the amount of planet we have every year (that can be regenerated) ever since 1986. That, to me, that data about overshoot has been a central feature of my life.

When I learned that, it was just sort of one of those things that’s obvious, like, “certainly we want to change.” So the old roadmap, this idea that the Earth is a set of infinite resources, and the economy can harvest those resources every which way from Sunday in order to produce economic growth. That’s fundamental and then it trickles down to the human as: “More is better.”

And part of that is, as the economy grew, as industrialization permitted more products to be produced with less human labor, there was a sort of a peaking out of consumption around the 1920s and it became a problem, like what are we going to do? So there’s several ways to expand markets. One is you export and another is to educate your citizens to want more than they need.

And then you’ve got an infinite market called the endless willingness of people to buy into the story of ‘more is better’ and ‘keep buying stuff.’ So that is the old roadmap: Growth is good, more is better, game over. Not talking about the context of our lives, the social context where fairness is sort of like built into us. Babies all come with that stamp on them, you know. Fairness is important and so you cannot stretch fairness and believe that there’s no breaking point.

So injustice aside, environmental integrity aside, more is better, growth is good, party on. The new roadmap says that there is something called “enough” and “enough” is not sort of like this oppressive ceiling that, you know, “Okay, I’ve got enough and I can’t have any more.” No, enough is this sort of vibrant vital place.

What we teach is an awareness about the flow of money and stuff in your life in light of your true happiness and your sense of purpose and values. And that your “enough point,” having Enough, is having everything you want and need to have a life you love and full self-expression with nothing in excess.

It’s not minimalism, it’s not less is more, because sometimes more is more. But it’s that sweet spot. It’s the Goldilocks point. And so Enough, for me, is like one of the absolute fulcrums between the old roadmap for money and the new roadmap for money.

More Articles

View All
From Broke To Bugatti | Inside The Millionaire Empire Of Doug DeMuro
This is the like button, and you should hit it. So when you think of a self-started multi-million dollar business that’s accumulated one and a half billion views and outpaces the ranks of even the top-rated television hits, your mind doesn’t think of this…
Open primaries, closed primaries, and blanket primaries | US government and civics | Khan Academy
Let’s talk about primary elections, which are often known as primaries. One way to think about them is that they’re just preliminary elections used to get down to a fewer number of candidates. A very simple example would be, let’s say there is a congressi…
How Warren Buffett Finds Great Investment Ideas
You really want to have a database in your mind so that you can tell what kind of a business you’re looking at in general by looking at the figures. Uh, it’s far over right. We never look at any analyst reports. I mean, I don’t think I’ve, you know, if I …
Dominoes - HARDCORE Mode - Smarter Every Day 182
Okay, let’s just get this out there right now. I know this is weird. You probably watch this channel because you want to see slow motion phenomenon of like bullets hitting stuff, and fracture mechanics, and water drops bouncing, and animals squirting thin…
Manipulating the YouTube Algorithm - (Part 1/3) Smarter Every Day 213
A couple of months ago I made a Twitter thread about some weird activity I saw online, and after I posted that thread, tons of engineers from many different tech companies reached out to me privately to tell me their stories. My interest in all this start…
Colbert's Life in the Swamp | Live Free or Die
[Music] [Music] Every day in the woods is just a constant challenge. It’s urgency after urgency, project after project. Got an otter! It’s a river otter. This is one of my most valuable pelts; it brings a top price, and, uh, not many people do, but I try…