Archive for wealth

You are browsing the archives of wealth.

Intellectual Capitalism

Capitalism is allowing individual choices and free market competition to determine exchange flow and set value/pricing. The converse of capitalism, called socialism, attempts to control exchange and pricing by applying ethical analysis to create rules and regulations intended to enhance conditions and outcomes for everybody. Basing the control of economic interactions on ethics sounds good, […]

Fortunes in Space

Twenty trillion dollars is a lot of cash. In 1997, John Lewis calculated the rough value of the metal in asteroid 3554 Amun at $20,000,000,000,000. 3554 Amun is considered to be a “small” M-type asteroid at a diameter of 2.5 kilometers. Since the price of precious metals has inflated since 1997, it is likely worth […]