According to the Forbes 400, the net worth of the richest Americans has decreased $300 billion over the past year. The ten richest Americans lost $39.2 billion. Bill Gates alone lost $7 billion and is now only worth a paltry $50 billion.
On the one hand, this is an obvious indication of the economic slump that has occurred over the past year.
On the other hand, I cut my own hair because I can’t afford to shell out $12 (+ tip) at Mastercuts.[1]
I could lament about the obscene gap between rich and poor in this world.[2] One needn’t leave this country to find people living in abject poverty and working people at that.
But what interests me more is the following question: What would human beings do if our notion of “progress” didn’t include “profit” as in its current conception?