Is Warren Buffet’s Money Wealth, Or A Liability?
The definition of “wealth” according to Buckminster Fuller is “the number of days forward you can continue to live (at your current standard of living) if you stopped working today”.
In many developed countries, including Australia and the United States the wealth of an average person today is a matter of days, or weeks … in other words while they generally own a house and a car plus other possessions they must keep on working to continue to enjoy them. If they lost their employment the vast majority would have to spend their savings, sell some possessions or even downsize their house and lifestyle very quickly to survive.
Warren Buffet is in the media a lot, and at 79 years of age many articles about him focus attention on his 2006 pledge to give 99% of his assets to charity, particularly through the Bill Gates Foundation. Doing so, he said in a recent letter on Fortune’s website, would leave his lifestyle “untouched”.
In the video above Buffet shares how he made billions of dollars in profits for his company Berkshire Hathaway Inc. with China Petro. The level of profit could have evidently been even higher had he held the shares for longer but he is happy with the money they made.
Another company that Berkshire Hathaway Inc. has been a major investor in has been Coca Cola, the massive soft-drink and now bottled water company. If you take the time to look at Buffet’s top ten investments you will see Coke, finance companies, drug companies and I think a mining company or two. These are all high profit industries however they rarely produce any wealth.
Try living on coke a cola … essentially sugar and water and one of the main products responsible for a global epidemic of diabetes and heart disease. Even if carbonated ‘high sugar’ drinks were taken off the market TODAY we will continue to have to pay for the treatment of diabetes and heart disease for decades to come. What of the reduced lifestyle and enjoyment these people endure?
That’s not being costed into any ‘bottom line’.
Many pharmaceutical companies also provide a high profit investment. But do they produce any wealth?
If some cases their products save lives, or give a quality of life that was not there before. But, there are also many areas where high blood pressure and cholesterol could very easily be reduced or eliminated naturally without the need for “management of the condition” and continued taking of the drugs.
I recently spoke with a delightful, healthy 84 year old woman on a flight across the east coast of Australia. Somehow the conversation turned to health issues and she said “I’m only on the normal medications”.
I said, “What do you mean “normal medications” and she replied … “Blood pressure and cholesterol tablets, that’s all.”
Wow, imagine if everyone was taking blood pressure and cholesterol tablets to manage their conditions; what if they stopped being able to afford it? Now there is another huge liability for every government health agency to consider … and it is the mission of many drug companies to have everyone, including healthy people using their medications. You will even see some are marketing to babies and infants.
What about mining companies? Are they producing wealth, or is there a liability hidden there too?
Technology is changing at an ever faster rate, or change is accelerating and a result is that we produce more with less every day today, and you will see the price of many products declining as a result. One new public building in Melbourne Australia employed tensegrity geodesic domes in its roof that cut the amount of steel necessary by 50%.
That’s a dramatic reduction isn’t it?
How would you like to see a 97% reduction in the amount of materials necessary to roof and clad you new ‘ultra modern’ energy efficient green residence? It’s possible and was just one of the residential housing designs put forward by Buckminster Fuller called “Old Man River project” for the city of St Louis, Illinois in the United States. The residential project was designed to house 26,000 families and was designed to utilize modern construction technology.
Fuller had recorded the various cycles of metals being recycled and becoming available for re-use to produce more and more with less and less materials thanks to technology. The need to mine metals was diminishing and recycling would be the future of the metals industry.
Obviously large mining corporations (and they are very large) want to see their machines working day and night and so little attention is paid to recycling even today. As an example from my personal experience, the last two towns I have lived in do not collect recycled materials so all glass, metal, and paper waste goes into the general refuse. The year is 2010.
One of Australia’s wealthiest men was the late Richard Pratt whose father had founded Visy Industries to recycle waste materials, especially paper. He became a billionaire with a net wealth of some 3 billion dollars. Some ten years ago Mr Pratt offered to build recycling stations throughout Australia’s rural towns and requested the government man them through an employment scheme. Many rural areas have high unemployment. The government declined the offer.
If you did watch the video above you will have noticed the glee Warren Buffet appears to express at the level of profits made with his investments. This is old age thinking … that there is any need for one person to profit at the expense of another.
That ‘condition’ expired over forty (40) years ago and we are now simply dealing with the “lag time” to inform everyone on our planet Earth that there is sufficient for everyone to be living the lifestyle of a billionaire within just ten years.
The interconnected world today is learning at an ever increasing rate and one aspect that is hitting home ever more clearly is that our obsession with making money has not served humanity, and has not nurtured mother Earth.
Making money is vastly different to creating wealth. We are now seeing a “correction” in the global marketplace with a swing to sustainable green investments and practices … that do indeed produce both wealth and money.
A NEW advertising directory is soon to launch called Your Healthy Planet.com and the FOCUS is on the healthy, green, sustainabe aspects of all products and services and provides you with a choice.
If you have a product or a service that enhances life on-board our planet Earth then make sure it can be found on Your Healthy Planet.com … where it PAYS to advertise being healthy and green!