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
Homeroom with Sal & Jacquelline Fuller - Thursday, July 16
Hi everyone! Welcome to our homeroom livestream. South Khan here from Khan Academy. For those of you who are wondering what this is, this is just something we started up several months ago, especially when we all have to become socially distant, as a way …
Have We Ever All BLINKED At The Same Time?
Has there ever been a moment in our history when no one was watching because every living human just happened to blink at the exact same time? Well, let’s see. Humans blink about once every 4 seconds, and a typical blink is about a third of a second long.…
15 Things Rich People Advise But Never Do
Everyone looks for advice from the rich, but advice is not universally applicable, and even they don’t follow it, and for good reason. Here are 15 things rich people advise but never actually do. Welcome to Alux. Number one: go to school. Going to school…
A Playful Sea Lion Encounter in California | National Geographic
I’m Marie McGrory, a producer on National Geographic Travel. When my partner and I went snorkeling on vacation, we were not expecting to meet a huge, happy sea lion. So how did we get here, and what’s going on with the sea lion? Let’s roll back the tape.…
How to learn Japanese fast & effectively | Tips from a native Japanese polyglot 🇯🇵
How can I learn Japanese easily? Really, the two main parts of learning Japanese are the speaking and listening skills and the writing skills. If you want to learn Japanese easily in an effective way, you have to know these two parts and how to study them…
Conditions for MVT: table | Existence theorems | AP Calculus AB | Khan Academy
So we’ve been given the value of h of x at a few values of x, and then we’re told James said that since h of 7 minus h of 3 over 7 minus 3 is equal to 1. So this is really the average rate of change between x is equal to 3 and x is equal to 7, between th…