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Sign in here. The Lottery of Love. Pierre Marivaux. The Lottery of Love premiered at the Orange Tree, Richmond, in March This book contains an introduction by John Fowles.
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Beth Goobie. The chart covers from 1, AD through the modern day. There is a massive spike in GPD per person around , which is ballpark when capitalism began to flourish.
You can read more about the history of capitalism in the great books Americana and The Birth of Plenty , and the future in Abundance. Economic growth is the most effective tool for lifting people out of utter destitution in human history.
This is true to this very day, and it is no small thing; it should not be treated and dismissed as a small thing. The poor are still with us, both here and abroad.
They deserve a robustly growing American economy and the benefits that come with it. And in recent years, this disparity has revealed itself to be untenable and grossly damaging.
Now, this feature is partially by design, the best ideas and creative destruction of the marketplace rewards the winners. But it often leaves behind many, too.
Not only is this limited-benefit version of capitalism socially and ethically problematic, it is also economically unsustainable in the long-term.
Fellow investor, Ray Dalio of Bridgewater, has talked about this :. All successful countries have uses for it….
But capitalism also produces large wealth gaps that produce opportunity gaps, which threaten the system in the ways we are seeing now. After providing examples of the wealth gaps and how they impact opportunity, Dalio points toward the takeaway which everyone should be concerned about:.
As Dalio sees it, capitalism is wonderful. Those who are economically marginalized will turn their righteous anger against the very system that stands the best chance of uplifting them.
Yet, we expect a year old to make major life decisions, like taking on hundreds of thousands of dollars in student debt for college.
We have certain classes that are required for high school graduation including, some abstract classes like Calculus or Latin , but nothing about the single most important skill they will use on a daily basis for the rest of their lives.
From the National Financial Educators Council :. Parents need to talk more openly with their kids about money and schools need to make financial education part of their curriculum.
Granted, a lot of parents are not much better with money either. Saving money… Living within your means… The power of investing and compounding… Can you afford to buy a home?
The curriculum could profile lots of our greatest entrepreneurs and investors in a way that celebrates them, but also makes it feel relatable.
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