Question

Describe the changes in the administration of wealth

Answer 1

The biggest challenge we face today is the proper management of money, so that wealthy and poor people can live harmoniously.

In the last couple of hundred years, the circumstances of human life have been revolutionised. The disparity between a chief and his people used to be small. A millionaire lives in a palace in America today, while a labourer can only afford a cottage.

This change is extremely beneficial — it is, in fact, necessary. It's a lot easier for some people to appreciate the best literature, art and sophistication, than for nobody to appreciate it. Inequality is better than standardised squalor, since there can be no patrons or philanthropists without money.

The "good old days" were not good old days, and for both the servant and the master, a return to old circumstances would be catastrophic. It would sweep humanity down. But, whether we view change as good or poor, here it is. We can't change it, so we have to accept it and make the best of it: criticising the inevitable is a waste of time. How the transition has come is plain to see. In the manufacturing sector, it is particularly noticeable. In the past, in homes or small shops, which were part of the household, products were made. The teacher and trainees worked and lived together, and thus shared the same way of life. There was little or no improvement in their way of life as these apprentices rose to be masters, and they trained others in the same way. For manufacturing, there was considerable social and political equality. This processing process has led to oil goods being sold at high prices. Today, we can sell products of outstanding quality at much lower prices — prices that would have been considered unbelievable by even the previous generation.