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Conquest was how wealth was acquired Not through entrepreneurship, inv — Wealth

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"Conquest was how wealth was acquired Not through entrepreneurship, invention or business Historically, every culture has despised entrepreneurs and merchants In India, we have the caste system Whos at the top? The Brahmin or priest The entrepreneur is one step from the bottom The Islamic historian Ibn Khaldun says that looting is morally preferable to entrepreneurship or trade Why? Because looting is more manly In looting, you have to beat the guy in open combat to take his stuff America is based on a different idea The idea of acquiring wealth not by taking it from someone else Instead, wealth can be created through innovation, entrepreneurship and trade Lets take a look at Manhattan Reportedly in 1626, Native Americans sold Manhattan to the Dutch for $700 in todays money Theres land all over the world now that you can buy for $700 But when the Dutch bought Manhattan, there was no Manhattan Prices are astronomical today because of whats been built over the past 300 years Manhattan is the creation of the people who built it, not the original inhabitants who sold it Manhattan represents the new American ethic of wealth creation An alternative to conquest"
Wealth
Wealth
Wealth
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Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word weal, which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development eco