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Date: 2019-07-16 Page is: DBtxt001.php list0300-Wealth-creation-1

Definitions for TrueValueMetrics
Wealth Creation

When there is social valuadd, there is wealth creation. There may be the appearance of wealth creation when there is a lot of profit ... but this wealth is inconsequential unless there is social valuadd that complements the profit.

Some people thing wealth accumulation is the ultimate goal of an individual and family ... and while it is a incentive in an enterprise economy, it is unsustainable if the production of profit is at the expense of the destruction of social value.

The economic crisis of 2007 had its roots in financial profits that were made by big banks and a community of deal makers that made money on deals while wrecking the underlying society. Financial wealth was created and concentrated among the deal makers while social value was destroyed throughout societies.



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