The real source of wealth is not money. Money is abundant and plentiful. Fiat can be printed at will. It’s a means to an end.
Knowledge that advances civilization on the other hand is scarce. Great thinkers like Newton enable progress.
Consider for a moment what $1 million would have bought you 500 years ago… 100 years ago… today…
and 100 years into the future.
Being a John Rockefeller 100 years ago wouldn’t have gotten you an iPhone no matter how much money you spent.
The problem isn’t one of having enough money to organize labour and resources.
The bigger problem is in knowing what to do.
This has been the real bottleneck in unleashing human potential. Until now.
AI and the advancement of thinking tools to assist in research, development and general decision making will greatly alleviate this strain and enable greater productivity.
Society, business, & money are downstream of technology, which is itself downstream of science. Science applied is the engine of humanity.
Corollary: Applied Scientists are the most powerful people in the world. This will be more obvious in the coming years.— Naval Ravikant