The Wealth of Nations – Redefined

The Wealth of Nations

In this blog, we study the wealth of nations prior to 15th century and now. The notion of wealth is changing rapidly by the day as man attempts to further his civilization with innovation. Currently science & technology (Computers, Biotechnology, Nanotechnology) are at the helm of innovation.

The Earlier Wealth of Nations

The Wealth of Nations as defined by “Adam Smith” in his book “The Wealth of Nations” was all about natural resources. Natural Resources like vegetables, fruits, oil, water, land, metals were traded with other for prosperity of the community. Countries and kings like Genghis Khan, Alexander the Great even waged war with each other to gain more of these natural resources.

Theoretical foundations for philosophy and life were laid down in the early Indian, Chinese and Greek civilizations. Eminent personalities like BuddhaConfucius,  Socrates and Plato were discovering the meaning of life and the building blocks for happiness, conduct and functioning of a Society.

The definition of Wealth Now

As the world population crosses over 7 billion and with limited natural resources in the World, countries are looking out for science and technology to innovate themselves out of poverty and enrich themselves. England brought about the Industrial Revolution, Germany the Nuclear Revolution and America the Computer Revolution. All of these revolutions have significantly increased the material wealth of the West which the East is catching up to in the 21st century.

The detailed meaning of life, the universe were laid down by the European philosophers and scientist post 15th century. Voltaire, Immanuel Kant went deep into the mind and in the universe to nail the evolution of mankind, Society and the meaning of everything.

Countries of the Future

With the west expounding on its material wealth and east playing catching up, the interesting question arises “Which would be the countries to lay the foundations for the future of mankind and civilization ?”. Germany among the other European countries like England & France would expand on perfection, art and philosophy. While the West (specifically America) would continue to test the boundaries of Science, Technology and Ethics at least for the next 5 centuries.

What about the Others?

Is there no hope for the East or Islamic countries? Where has all the glory of the earlier Indian and Chinese civilizations gone? Can these countries outgrow their dependence on natural resources and jump into the game of innovation? Innovation of philosophy, science, art and embrace quality over quantity? The short answer is no. These nations would continue to follow the West in these fields and would exchange their natural resources & markets for their advancement. It would take another 10 centuries for us to lose our past dependence on Quantity and embrace Quality.

In short, either the East blindly follows and ramps up on the ways of the West or wait another 10 centuries for a revolution. A revolution which would perhaps bring advancement in its civilization and society.

Caution: This might be all theory

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4 Responses to “The Wealth of Nations – Redefined”

  1. Attracting Wealth – 7 Days, 7 Techniques « Djfupdates's Blog Says:

    […] The Wealth of Nations – Redefined (loveandfearless.wordpress.com) […]

  2. Deepak Says:

    Hey

    Greed is Good and can get you a hell lots of money and fame..But it can get diseases in old times too..

    http://www.newscientist.com/article/mg21228404.500-alzheimers-damage-reversed-by-deep-brain-stimulation.html

    🙂
    Deepak

  3. Deepak Says:

    Hey

    Greece loses art (Paintings) to another set of artist (Robbers)
    http://online.wsj.com/article/SB10001424052970204257504577150563831043528.html?mod=WSJINDIA_hpp_MIDDLESecondNews

    🙂
    Deepak

  4. Deepak Says:

    Hey

    Poverty forces Jaipur man to dump wife’s body (India’s tryst with Poverty)
    http://timesofindia.indiatimes.com/city/jaipur/Poverty-forces-Jaipur-man-to-dump-wifes-body/articleshow/11605469.cms

    🙂
    Deepak

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