Recently, psychologists have provided a decimating argument against Smithian theory. Ryan and Deci(39) have summarized a whole literature in psychology on the antecedents of human well-being. Psychologists have always wondered what makes people feel good, and for decades they have quizzed people on the intricacies of happiness. The general answer, all the more reliable because it is based on voluminous and cross cultural research, is that money is not a reliable route to happiness. Happiness is based on other, internal factors. The relation of wealth to well-being is tenuous; only below the poverty line does money bring well-being, above it, increases in personal wealth do not bring increased happiness. A corollary finding is that the more people focus on financial and materialistic goals, the lower their feeling of well-being. Finally, certain people tenaciously believe that money does bring happiness; they are the unhappy. Together, these findings largely dismantle Smithian theory of human motivation. For the present essay it also means that the motivation behind greed, pursuit of material wealth to extremes, cannot be for the happiness it brings. There is nothing heroic about greed. It is closer to obsession.
39-Ryan, R.M. and Deci, E.L. On happiness and human potentials: A review of research on hedonic and eudiamonic
well-being. Annual Review of Psychology. 2001, 52, 141-166
We are not afraid of ruins. Workers built the palaces and cities of Spain and America. We can do it again. The bourgeoisie can destroy their world before abandoning history's stage but we have a new world in our hearts......a world that is growing every moment. It's growing while I talk to you.
You only get what you're Organized to take.