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PEOPLE MUST BE THE FOCUS OF BETTER OUTCOMES
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THE PEOPLE PERSPECTIVE
The purpose of everything should be to ... improve quality of life. It is the essence of humanity ... and should be the main measure of success.
An individual's wealth (financial capital) is only one contributing part of what makes up a person's quality of life ... but only a part.
Human capital in the present has been achieved by an individual's history … such things as parenting, nutritious food, good healthcare, good education, good surroundings, role models and so forth. Skills and experience are accumulated over time. There is a historic cost to getting these things, but the value accumulation is reflected in the present. Past earnings that are not spent but saved, factor into the human capital of the present.
Family and friends can be an important contribution to quality of life and an individual's human capital ... as well as the broader community.
The place also feeds into an individual's human capital. A place where there is no violence and is supportive of the individual adds to human capital. A place where there is a future full of opportunity factors into the state of human capital in the present.
The present value of the future depends on what the future looks like, but also depends on what the individual has done in the past to be in a position to take advantage of the future.
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SOCIAL CAPITAL / QUALITY OF LIFE
... m
Determined in part by the INDIVIDUAL and FAMILY and FRIENDS
Determined in part by PLACE: Access to goods and services ... and community
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The Individual
Everybody matters
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Friends
A better quality of life for everyone
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The Community
Good friends and community positive for quality of life
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Happiness
Good for living long and well
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The Family
The family an important part of the social structure
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The Economy
The dignity of work, and source of everything to enable the good life
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The Place
Everything comes together in a place ... or doesn't
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Nature
The environment really matters ... for health and sustainability
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PERSONAL FINANCE ... THE ROLE OF WEALTH
Personal financial issues are not well understood by most people ... and massive amount of exploitation by banks, corporates and business in general.
An individual's wealth (financial capital) is only one contributing part of what makes up a person's quality of life ... an individual's human capital, but only a part.
Human capital in the present has been achieved by an individual's history … such things as parenting, nutritious food, good healthcare, good education, good surroundings, role models and so forth. Skills and experience are accumulated over time. There is a historic cost to getting these things, but the value accumulation is reflected in the present. Past earnings that are not spent but saved, factor into the human capital of the present.
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WHAT GOES INTO QUALITY OF LIFE
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There are many components to Quality of Life:
(1) PAST / PREPARATION FOR LIFE ... Genetics / Childhood / Education / Training / Experience
(2) THE STATE OF ONE'S LIFE ... Today's situation ... everyone needs certain basics in order to survive. More does not always mean better. More that offsets a deficit is good, but more merely to satisfy an addiction can be terribly bad!
(3) FUTURE OPPORTUNITIES / POSSIBILITIES ... The future ... tomorrow's opportunities ... depends on PLACE
(4) CONTRIBUTION ... The added value from a person's activities ... depends on the capacities of the person and the opportunities and possibilities of the PLACE
(5) COST-OF-LIVING ... The costs associated with a person's living ... some of these are the cost of essentials and that depends on the PLACE and some costs are the choice of the individual
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PEOPLE - STATE, CONTRIBUTION AND COST
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STATE ... HUMAN CAPITAL
A person ... a human being ... has a certain intrinsic value. This value is not normally expressed in money terms, in fact it is rarely numbered in any way at all.
An individual human life has a huge value. Young mothers often describe the value of their new baby as being 'priceless'.
For the purpose of numbering ... a human life may be assigned a value of 1,000,000 ... that is one million. This is not a million units of currency (e.g. dollars) but a specific measure related to human value or human capital.
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PEOPLE ... THE COST OF LIVING
A person cannot survive without some basic needs ... food, water, shelter, clothes and some other supplies. These are the basic costs of human survival.
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PEOPLE ... THEIR CONTRIBUTION
A person has capabilities that are able to be used in order to do things that enable needs to be satisfied.
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