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.
I could lament about the obscene gap between rich and poor in this world. 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?