Sunday, July 23, 2006

Rules of capitalism

3:00

RULES OF THE GAME

  1. There is a certain amount of money in society. Only the federal government can print more money.
  2. Your mission, should you choose to accept it, is to acquire as much money as possible and turn it into capital (i.e. money-producing tools).
  3. In general, the more needs you have, the more you will consume, thereby destroying your capital base.
  4. Also, the more easily influenced you are, the more others (ad agencies, marketing companies, etc.) will convince you that you have more and more needs, which you have to fulfill. In fulfilling those needs, you will destroy your capital base.
  5. Never lose money (advice by Warren Buffett).

Since the fall of the Berlin Wall in 1989, we know that the only game in town is capitalism. Above are some of its most basic rules (which, somehow, are ignored by most people).