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August 20, 2004

"Wealth" is a relative thing

“Look at advertising: its sole function is to make us feel that certain things are missing from our lives. So today it's possible for someone to feel poor if they don't have air-conditioning or a flat-screen TV in a way that they wouldn't have fifty or even ten years ago. Our sense of what it is to be reasonably well-off keeps changing, keeps rising -- even though all of us are much better off than people were hundreds of years ago. But no one compares themselves to someone who lived three-hundred years ago or to someone in sub-Saharan Africa. We take our points of reference from those around us: our friends, our family. These are the people who determine our feelings of success. Which is why Rousseau wrote that the best way to become rich is not by trying to make more money, but by separating yourself from anyone around you who has had the bad taste to become more successful than you. It's a facetious point, but it's also a serious one. Feelings of wealth are relative.”
--Alain de Botton, “The Status-ticianAtlantic Unbound, June 29, 2004

Posted by Rolf on August 20, 2004 08:52 AM
Comments

I had occassion recently to read the e-mails of an Indian living and working in the US; he would frequently receive e-mails from young men and women who had just finished their degrees at home and were looking for work in the US. One of them asked him about the standard of living and he said, There's really not much difference in the standard of living between the rich and the poor. I was surprised by that statement at first, but my surprise just makes Alain's point: the difference in standard of living is just the degree of something - a big-screen TV vs. a regulard TV - and not the possession or availability of the thing itself.

Posted by: timmy on August 26, 2004 08:16 PM

Thanks an interesting and valid perspective, Timmy -- thanks for sharing it...

Posted by: Rolf on August 28, 2004 02:22 PM
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