Most people study in school, yet the education system does not provide financial education. Even though it doesn’t take long for us to realize that finance is an essential element of survival, isn’t it strange that schools don’t offer financial education? Economic activity is a power game where someone wins and someone loses. One person’s loss is another’s gain, and my sacrifice is someone else’s fortune. In other words, economic activity embodies the harsh reality of deciding between discomfort and the uncertain odds of a game that determines who occupies a position, even though that position has already been predetermined. This issue is further exacerbated by the fact that people have different productive capacities and society mandates that the means of value exchange is cash (fiat currency). To survive, you must first understand how social systems function. - Joseph’s “just my thoughts”
What defines an elite? Is it someone who has studied a lot and done well? Is it someone who has a lot of experience? If so, is it someone who has a lousy personality despite having prominent abilities? The word elite comes from “meritocracy.” People who have worked harder than others and won the competition believe they should receive more benefits. Excessive meritocracy harms the common good. “If you’re envious and regretful, you do so too! Can’t you do that?” stems from the misguided belief that one’s success and victories are solely due to one’s own efforts. - Joseph’s “just my thoughts”