The wealth can then indeed be seen as the reward for effort, rather than wealth as a result of luck in its pure sense. Morality's role should then not be concerned so much with justifying the accumulated wealth, but rather with using it wisely for the benefit of humanity, creativity, freedom and evolution.
Another characteristic of freedom, as seen above, is the recognition of new and revolutionary ideas, and implementing those when they are superior to the old. In terms of economy this is as true as in terms of morals. Those in power for example refuse to accept the findings of the newest research relating to economic matters. The problem is that the reality that the government would have to face in terms of job creation is much more dire than is supposed by outdated research. The need to create 3 million jobs has suddenly become the necessity to create 15 million, because of the limited lifespan of current companies. Typically, it appears that those with the greatest capability to change the situation hide from the reality of it.
Nevertheless, politicians who hide from economic realities cannot compete with the undeniable strength of entrepreneurs providing economic evolution and job creation. In keeping with the above issues regarding morality, new ideas are created and promoted until they become embedded by the majority of consciousness. By being economically viable, these ideas are then also beneficial not only for economic evolution but also for human evolution as a whole.
Another large problem associated with an essential lack of freedom within economics and other areas is the fact that current phenomena are viewed through outmoded models and means, thus both predicting and interpreting situations incorrectly. This affects not only economics and business as such, but also the society from which these emanate. It affects all areas of life, including legislation, environmental issues and other problems that are vitally necessary to solve. These problems are not solved efficiently, because there is a lack of efficient paradigms to view them from. The reason for this is a lack of creative individuals who are given the freedom to exercise their creativity for the effective evolution of humankind. Instead, complacency and a mentality of hiding from unpleasant truth are stifling both creativity and the freedom needed for this to be optimized.
The Nature of Creativity
I am in agreement with Hayek, that freedom is needed within society to ensure optimized creativity. Freedom has been discussed at length above. The phenomenon of creativity can also benefit from some consideration.
It has been seen above that creativity is profoundly influenced by social matters such as politics, culture, economics and even issues such as morality. Most deeply, creativity is connected with the issue of freedom. When society is optimally free, creativity flourishes. The reason for this is that creativity is the driving force behind the new ideas required by evolution. Creativity might then also be equated, as it has been by some, with evolution. It is a dynamic force that drives society to become better and more than it had been previously.
Creativity occurs in all areas of life. Above several of these areas have been considered. The software industry saw evolutions that drove the information revolution. The result is that millions are now connected with millions of others around the world for the purposes of communication and business. The result is the already discussed economic boom that seems to have benefited not only those directly involved, but also society as a whole. It has become a wealth creating industry, doing more to alleviate poverty and suffering than many other institutions, including even charity organizations and churches.
Creativity can also occur of course in the area of economics. Here, revolutionary ideas, closely connected to industries where the most wealth is created, may serve to bring about a society where the margins between rich and poor grow thinner rather than...
This was usually the case with the proliferation of British rule at the time; trade was the predecessor to British Colonialism. For administrative purposes, Singapore became a part of Penang and Malacca which were two other settlements in the region. By 1826 these areas were grouped together and became known as the Straits Settlement. Initially the centre of the Straits Settlement was Penang. Penang was governed by Calcutta and
The men of Mortheal started to march down the battlefield. The Territorial Army of King Oreck followed with stable weapons. The army's march soon turned into a slow jog, and then to a run. The spear-bearers led the way with spears held lightly in their hands as they prepared to hurl them into the approaching horde. The armies were not far from each other now. Orcen armies had been attacking
This presence has changed much of the personal behavior of individual spectators. A most relevant example in this case is given by the Cosby Show. In the series, Bill Cosby played a father of five and his real life expertise and education in child psychology offered screen information on how to deal with young and older children. This inspired several viewers to change their approach to children and learnt
In "Piaf," Pam Gems provides a view into the life of the great French singer and arguably the greatest singer of her generation -- Edith Piaf. (Fildier and Primack, 1981), the slices that the playwright provides, more than adequately trace her life. Edith was born a waif on the streets of Paris (literally under a lamp-post). Abandoned by her parents -- a drunken street singer for a mother and a
Ellison/Shakespeare There are many characters in Shakespeare's The Tempest that could fit the characteristics of being the "little man behind the stove." The Tempest has a strong degree of dramatic irony, and Shakespeare even incorporates the breaking of the fourth wall in the final scene of the play. This means that the audience itself serves as the "little man behind the stove." However, there are clearer characters that represent the little
It is Edna who achieves both the awakening of the title, the awareness of how the social traditions imposed on her are stifling her and preventing her from expressing herself as she would wish, and also fails in that she cannot overcome these traditions and so chooses suicide rather than continue under such a repressive system. Chopin implies that there is a danger in awakening, in understanding the nature of
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now