I have been thinking for a while now on the subject of wealth.
Not sure if this subject has been covered before ,couldn't find anything specific when I searched..
How is it measured and what actually constitutes true wealth.?..In the context of nations and ,perhaps the planet as a whole.
Can it be measured in the form of natural resources?Australia might be king there.
Or in terms of technological capability.The U.S. still has an edge..
If it was in terms of a large and cheap labour force China has to be the leader..
What prompted me to ask this is the current debt problems of many countries ,particularly focussing on Dubai.Here they have abundant oil and they have used the Foreign exchange to create what could be seen to be a Disneyland in the sand, now beset by huge debt problems.Have they been guilty of squandering their riches on the inconsequential and ephemeral?
I suppose the question really is ..If we can't measure true wealth ,how can we place a value on anything?