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Sunday, November 20, 2011
Content in Reputation economy & Social Capital
While some believe that the World without money but with reputation economy and social capital will bring all round happiness, others deem wealth as an important ingredient than ethics and decency. Real wealth is in each of us, and value addition to life and environment is greater than monetary wealth one can acquire. “Content makes poor men rich, while discontent makes rich men poor” (Benjamin Franklin).
When some Indian is included in the Forbes list of millionaires, which goes on enlarging, the percentage of growth in terms of new entries gets news space. Plethora of previews about the millionaire, varied views regarding their capacity, reviews of their work and interview to elicit their riches story, all make headlines. Some are born great, some achieved Greatness. This tribe belongs to the second category. Monetary wealth gives them the reputation of being the lucky few, who get the lime-light and make them famous. What is their value addition to Life? The rich gets invitation to the Chambers of Commerce, gets their Honorary Membership, toasts from Community Organizations like Rotary, Lions, and others, gets invited to Clubs where the rich and mighty Socials meet and they are introduced in the Hall of Fame. They might beget some Padma Awards as well, invitation from Rashtrapathi Bhavan, Governors House for Republic day tea, or a dinner meet with some dignitary from abroad.
Look at the contrast. The Below Poverty Line person is given a definition. A person who spends Rs 32/- per day. And for he will spend the Rs 32/- is quantified. For him, no body is bothered except those mighty Politicians during the eve of election canvassing Votes promising him the Moon, but after elections, he has to moan for his discomfort. He is evicted out of the House, even though he had resided there for two generations, and there was nothing in it except the man in the Forbes list found the area lucrative to expand his industry. He was investing capital, providing wages, spending money on goods and services, which will make money, circulate, and he would sow the seeds of development so that our Gross Domestic Product would grow by double digits. This growth would make India surface as one of the most emerging economies of the world. The poor man who was displaced, uprooted from his home where two generations spent their years, living on an arithmetic sum to be called ‘Poor’ would continue to live elsewhere, with the same adjective, and meager means, while the land where he lived will breathe prosperity.
When the bank increase the interest rate, the Forbes millionaire who has invested money out of the borrowed capital, and his tribe would make hue and cry, and though undesirable to the Government which gave him everything, he will make a popular speech at the expense of Public discourse, frequently misinformative. Squalor and valor have different connation in different circumstances.
When the world works for its betterment without money, value addition to life changes from monetary wealth to social wealth. When reputation is wealth, only those, who do good and well unto others, are the richest. There is a Science to creativity, after all.
Men are rated by human qualities, on a person to person basis, and not in terms of the Bank balance running into their SB account. When reputation is wealth, only those who do good and well unto others are the richest. When the Poor talks about his poverty, the rich always say something about another having nil gross value except it gets published in news-papers and telecast! Issues which are worthless.
Well, India needs to focus on Reputation Economy and Social Capital rather than on materialistic pursuits and maintain its rich traditiona
Labels:
abstract,
Forbes,
money,
poor,
Reputation economy,
rich,
social capital,
wealth
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