Just a thought …
Why do some of the global poor avoid embarking on the path of wealth accumulation? A paper that I recently read by Banerjee & Duflo, published in the Journal of Economic Perspectives suggests that the poor would have to face the sheer inadequacy of their living situation, making pursuit of wealth a psychologically damaging project.
Perhaps. Or maybe they’re just more enlightened than you or I. Maybe both…
I recently developed a strong preference for the flavour of espresso over coffee, although I do like both of them. There is a shockingly insufficient supply of espresso at super-markets in Quebec, amounting to a new source of dissatisfaction for me since the grocery store nearby has no interest in carrying a decent espresso. This costs me an additional 10 MINUTES each time I buy espresso. I have no interest in taking espresso out of my Y-good matrix. I just want it. Different sort of thing, but yes, I understand exactly why people refuse to give up all their pursuit of crap. They just love their crap too much. (But life could just be so much better, without a whole lot of it.)
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