I believe cultural wealth is more important than material wealth, i.e. it's better to have a house full of books than to have marble in your bathroom. Holds true for nations as well
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While it is necessary to be financially comfortable to have a rich cultural life (in particular because you need free time), it's often much cheaper than funding the sort of lifestyle that society would normally associate with "being rich".
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On a bigger scale, I'd argue that a nation that provides top-quality education and access to a rich cultural life to its citizens is providing a better standard of living than one that has a higher GDP per capita but that is largely a cultural wasteland
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Of course, education and a rich cultural life (as well as free time to enjoy it) requires some level of material wealth. But my subjective impression both at the individual and national levels is that those with the highest living standards by my metrics are often not the richest
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Fundamentally, you can't buy goods & services as a replacement for meaning and wonder.
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End of conversation
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the imo most interesting thing about this shift of perspective is that it also shifts people‘s primary life goals: no longer „make as much money as possible to buy and show material status symbols“ with all its implications. would also support overcoming some defects in society
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Zygmund : "Who of your friends has marble in his/her bathroom ?"
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