Changes in the outlook on wealth and the creation of wealth
Chu Xiao-ping
Abstract
Chu Xiao-ping
Abstract
This paper makes an analysis of the contradictory mentality of both longing for wealth and harboring hatred against wealth, and attempts to clarify some hazy understranding of wealth in course of the evolution of outlook on wealth, then goes on to reveal that the nature of wealth is the embodiment of intelligence and creativity on the one hand, and the embodiment of ability in social cooperation on the other hand. Only a legalized market system can enable the properness and legitimacy of any means of getting rich, becausc this will form a dynamic society in which ability and creativity are allowed to compete, and this is the growth of wealth in the true sense of the term. The paper also points out that the effective operation of a legalized market system necessitates the support from excellent culture and sethics.
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This paper makes an analysis of the contradictory mentality of both longing for wealth and harboring hatred against wealth, and attempts to clarify some hazy understranding of wealth in course of the evolution of outlook on wealth, then goes on to reveal that the nature of wealth is the embodiment of intelligence and creativity on the one hand, and the embodiment of ability in social cooperation on the other hand. Only a legalized market system can enable the properness and legitimacy of any means of getting rich, becausc this will form a dynamic society in which ability and creativity are allowed to compete, and this is the growth of wealth in the true sense of the term. The paper also points out that the effective operation of a legalized market system necessitates the support from excellent culture and sethics.
Key concepts: Legitimacy, Creativity, Economics, Hatred, National wealth, Neoclassical economics, Economic system, Market economy