Materialism ✅
is
Form of social communication
Individuals have a willingness to conform to a simple rule: to refrain from the material goods others come to possess by labor or good fortune, provided those others will observe the same restraint toward them.
When an individual within such a small society violates this rule, the others are aware of it and exclude the offender from their cooperative activities
when riches are used as a tool/instrument
Collective Welfare
Utilitarianism
Improvement of living conditions
Fulfilment of human potential
Access to education, healthcare, employment opportunities
facilitates
Virtue Ethics
Stewardship, generosity, empathy
promotes
Wellbeing of individuals and society
a means to explore avenues
Existentialism
Discovery of passions, pursue self-discovery, and engage in experiences that contribute to their personal growth and fulfillment
having wealth can give resources that promotes
Authentic living and self-directed living
emphasis on private ownership
Capitalism
The existence of wealthy individuals serves as evidence that economic mobility is possible.
The idea here is that if some people are able to accumulate wealth through their own efforts and entrepreneurial spirit, it signifies that others have the potential to do the same.
This concept of upward mobility can motivate individuals to work hard, take risks, and engage in productive economic activities with the aspiration of achieving prosperity.
was a product of
Classic Liberalism
a disadvantage was
Systemic barriers, inequality, and lack of access to resources can hinder equal opportunity, making it difficult for everyone to achieve the same level of success.
How do we make the path to wealth accessible for all?
when equitablity is promoted, we are can facilitate
Individual effort and Meritocracy
is the idea that
Success and rewards should be based on an individual's merit, skills, and efforts.
The pursuit of wealth might not necessarily lead to increased personal freedom but rather to an increased sense of attachment and responsibility toward one's possessions.
overtime can be
Intertwined with their identity, potentially leading to a sense of self-worth that is closely tied to material belongings.
Material possessions can potentially distract individuals from deeper questions about the meaning and purpose of life
If individuals become consumed by the pursuit of wealth
They might overlook existential concerns and miss out on opportunities for personal growth, self-discovery, and deeper connections with others
can also go the other way (unfulfillment)
if these qualities are not demonstrated
Wealth disparity and the affluent do not take ethical responsibilities toward addressing social issues
Ignorance
this may promote individuals to adopt
Minimalistic lifestyle
Knowing how to navigate poverty, they are likely to develop a heightened sense of empathy and compassion for those who are less fortunate.
Broader appreciation of the human condition beyond the boundaries of personal privilege.
drives
Consumerism
contrasts with
Genuine knowledge and wisdom stem from a perspective that transcends material abundance and recognizes the richness of human experiences, relationships, and inner growth.
Common human thread that connects individuals from various walks of life. This understanding can potentially foster a sense of unity and solidarity, encouraging individuals to work collectively to address social inequalities.
can be applied for
Free Market
Implies winners and losers
Consumerism