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Waste of money?

Economics was easy when I understood that you have to save and you cannot waste. My Form 1 teacher, however, confused things for me. In an essay about the pros and cons of space expeditions, he disagreed that it was a waste of money. As a matter of fact, he said, nothing is a waste of money. Money does not go anywhere out of the world to be wasted. It merely changes hands. The money at the side of the transaction could still be used for 'meaningful' reasons.
My nimble mind was never the same again. Money was no longer just income and expenditure. For that matter, everything had the other side, which is not necessarily the wrong one.

Money and wealth are not going anywhere, just changing owners. So, the recipient of the funds is still able to put it to 'good' use. Only then may their priorities be different. They may like to keep it in assets which may be useful for the next generation. However, the building and running or maintaining the well-being of the assets will generate economic activities. But then the bone of contention is that the minute 1% of the population seems to be possessing the lion's share of financial control.

 The structure of any societal build-up makes it that 1% of the population is always one step ahead in terms of intelligence and leadership qualities. This selected few are not only smart but devious and sometimes psychopaths.

 Whatever it is, economics on a global scale is a different scale from that of an individual or family, where what you spend is what you get. And what you spend and don't have will land you in lots of problems, no matter how easy the lure seems to portray it to be.
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Location: Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

Comments

  1. Anonymous24 August 2023 at 20:47

    Once money leaves...its no longer ours...doesn't matter whether changing ownership.

    ReplyDelete
  2. rifle range boy24 August 2023 at 21:34

    The other party can still perform altruistic duties if they want!

    ReplyDelete

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