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
Vietnam POW Escape | No Man Left Behind
I certainly remember the day I got shot down: the 6th of June, 1964. The ocean government had requested a show of support from the United States. We were tasked to go in and fly some missions over there as a kind of a show of force. The last pass, the la…
Features of property insurance | Insurance | Financial Literacy | Khan Academy
So let’s talk a little bit more about property insurance, and in particular, what are scenarios in which it might come into effect or be relevant, and then also how you might be paid back for whatever losses you might have. There’s kind of two broad cate…
Michael Seibel - Building Product
Without any further delay, I will introduce to you Michael Seibel, the CEO of Y Combinator, the founder of companies like justin.tv and Twitch, and Socialcam, to begin what is going to be a deep dive into product over the next several lectures. Michael: …
That versus which | The parts of speech | Grammar | Khan Academy
Hello, Garans. We’re going to talk about that versus witch, but I would like to start off by saying that in the study of grammar, there’s basically this long ongoing fight between two camps. It’s between the prescriptivists, who believe that language has…
Example identifying the center of dilation
We are told the triangle N prime is the image of triangle N under a dilation. So this is N prime in this red color, and then N is the original; N is in this blue color. What is the center of dilation? And they give us some choices here: choice A, B, C, or…
One Good Tuna Deserves Another | Wicked Tuna
Get this guy over there! It’s pitch black. We got our anchor line out and so to a bunch of other boats around us. We got to make sure that our fish doesn’t come in contact with any of the other anchor lines in the water or it will be a huge paycheck. This…