People are used to say "Time is money",
but I prefer saying "Money is time!
Money eases the exchange of product and services.
However for earning it we have to invest our time.
I think the problem of "Global Western Society" is the big emphasis on the qualitative dimension of money. I'm not saying, that for ensuring a decent life, you don't need some money.
I just believe that having a lot of money doesn't necessarily results in high general well-being of a person.
In the nineties an economist Juliet B.Schor
identify the problem of the unexpected decline of leisure time in the USA. She explains that people are locked in "the work - spend" cycle
, where people work more just to have more things, but this in fact results in lower life quality due to the lack of free time.
I invite you to explore World Database of Happiness
, a project of Ruut Veenhoven
, one of the most prominent researchers in the field of life satisfaction. Her investigation shows that when exceeding a certain material minimum, less well off nations are not less happier then people in the rich countries
. So, which countries are in fact the richest?
Those who have the most money or those who have the highest level of live satisfaction?
Is therefore GDP the right measure to use
when talking of the wealth of one country or should we use alternative measures instead
Well, next time, when you need something really bad ... think twice ... and remember that money is time