Tuesday, October 8, 2013

Money is not true wealth

On one side were the egalitarian ideas of Jefferson and Paine as expressed in the Declaration of Independence:   “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”
On the other side were the aristocratic ideas of Alexander Hamilton and Robert Livingston.   Or as John Jay, first chief justice of the Supreme Court put it:  “The people who own the country ought to govern it.”
And it was these latter ideas, as the historian Eugen Weber explains, which became the legal, statutory reality of the new republic with the adoption of the Constitution:
So while all men were created equal, this didn’t include blacks, who could not marry whites; Indians, who were to be driven off their lands; illiterates and paupers, who weren’t going to get a vote; and women of course, who were not men.
The Constitution replaced the old authority with a new one, the old monarchical ruling class with a republican ruling class which rested on property and social distinction, and eventually on heredity too, as much as the old one had done.

http://neweconomicperspectives.org/2013/10/money-true-wealth-part-iv-united-states.html 

1 comment:

Unknown said...

Generally I tend to agree that money is not tru wealth and happiness, but when I meet people who need instant cash badly to keep afloat I realize how money-dependent our society is.