¶ Wealth (1)
Index Entry
Wealth:
“To account our success in terms of gold and various traditional banking practices is irrelevant. Real wealth is organized capability. One of its important characteristics is that it is irreversible-- no matter how much wealth you have, you cannot change one iota of yesterday. Wealth can only be used now and in the future. What we really mean by wealth is how many days forward we have energy available and organized for work to keep the machines running, to keep the foods growing, the refrigeration, transportation, and so on. The basis for our new accounting system will be ‘How many forward days of organized capability do we have available to serve how many men?’ We will be able to make the working assumption that it is normal not only for man to be successful but also normal for him to be able to move as freely as he wishes without interfering with any other man. Our overall accounting assumption will be based on whatever amount of organized energy capability is required so as to make it possible for any man to travel around and enjoy the whole earth, and be completely supported in doing so. There will be no such thing as deficit accounting. You cannot live on deficit accounting. You cannot eat”
