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Role Of Wealth In Modern Society

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In popular Western culture, where freedom and relative wealth are now taken for granted after the centuries of effort to achieve them, we readily neglect the main elements that make society run. The media and the busy people who depend on them, including managers and teachers, concentrate on newsy, gossipy things, human nature: • the distribution of wealth rather than the creation of wealth • interesting trivia rather than whether the nation is being run properly • conflict and confusion rather than what maintains good societies • bad news, the more horrific the more detailed • victims, blame, guilt and shame • rights of individuals or special interests against needs of the whole society. The prime interests of organized society are the creation and maintenance of security, health, wealth, education, opportunity and justice, a …show more content…

In modern jargon, we are committed to the triple bottom line, economic, social and environmental benefits. History and contemporary affairs also demonstrate that honourable behaviour on one hand, or ideology, hypocrisy, ignorance, lies, theft and waste, are spread fairly evenly across profit-making and “public good” enterprises. Profit and cash-flow are built-in measures of efficiency and common sense that apply most to business, and are a check on the activities of public good enterprises. Organized social service still needs to be efficient. So long as the aim of business is profit with sustainable social and environmental impact, then profit is essentially an ethical restraint – to waste resources on inefficient enterprise is unethical. The run-downs of the Russian or Romanian or African systems were among the extreme demonstrations last century. Resources can always be used for countless other good causes, starting with the most disadvantaged like homeless children or the chronically

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