“We should not be concerned about wealth; we are rich enough, but we should be very concerned about robustness.”
16 Aug 2010
“We should not be concerned about wealth; we are rich enough, but we should be very concerned about robustness,” said Nicholas Nassim Taleb, author of The Black Swan, in a recent interview with The Guardian.
This is very true. Happiness studies show that people don’t get much happier from making more money or having more stuff, beyond a level of income that’s about half of what the average American makes. Life expectancy levels off even sooner, with countries where people make about a quarter of average US income living about as long as Americans do. (Those stats are from The Spirit Level: Why Greater Equality Makes Societies Stronger, which I highly recommend.)