Thursday, November 20, 2008

Chain of thoughts

Something interesting came up while reading an article, words like capital, human capital, social capital, cultural capital, education capital. It was quite interesting to wander in that direction. I have never considered money to be that very important, it is important no doubt but not on the top of the pile. For many people it is, again I am not being judgmental about it here, just an observation, for some it is, for some it isnt.

Could it be far fetched to think that, when ever we take decisions, trade offs, we kind of compare these capitals, the actual monetary worth to other forms of capital, and then decide if the trade is fair enough or not, and if its fair we strike a deal. This is probably the basis of all our dealings. Not just the buyer seller scenario. When we make friends, like someone, decide on a course of action we kind of try to equate both sides. Its not something new but it was interesting to think these things as capitals something quantifiable, cause they are quantifiable, else we will never be able to decide, but the metrics we use to quantify them are our own. WE dont have a standard governing them, everyone has their own standards, their own value system.

I would imagine if these standards would have been same , then a lot of personal problems , like managing expectations, disappointments, judgments would cease to exist. But given that it would not be practical to expect that, what this can teach us , is to be a little more tolerant to divergent views , behavior and not be divisive. Does this lead somewhere near Aurobindo's teaching in Life Divine, to release your ego ? That seems far fetched, but somehow connected, some other day, may be.

I have always considered human, social, cultural, education .... capitals to be much more important and if you have these the monetary capital would automatically flow. In other words money is a symptomatic capital, a representation for your other capitals.

But the risk in this is that, the world is not fair, well mostly. So your monetary reward might not always be proportional to your other capitals. Second problem is the reward system is just a thought , its not something written down somewhere, so there could be disappointments when you dont get what you think you deserve.
Another problem , well not really a problem but a situation , society doesnt have time to find out about your other capitals , its much more convenient to be judgmental based on your monetary worth, and frankly, its much more objective and probably not always worth the effort.

No comments: