Saturday, November 14, 2015

Does Money Make You Mean?

Money is the root of all evil? I came across a video on Facebook which shows an experiment that was conducted using the game of Monopoly to see whether does money really make people become mean? Its interesting to note how money can really change a person. Watch the video below:

Does Money Make You Mean?
What happens when a rigged game of Monopoly makes some players really rich? Watch the full talk here: http://t.ted.com/TKyFGXE(Created in collaboration with AJ+.)
Posted by TED on Wednesday, November 11, 2015



The experiment shows that having more money does make people become less sensitive to the plight of others. As a person gets wealthier, their feelings of compassion and empathy goes down and their feelings of entitlements goes up. The wealthier you are or the higher your status, the more likely you're to pursue personal success to the detriment of others. This is quite true as what we can see even in work places. Bosses compete and take advantage of employees just to climb the corporate ladder or meet their targets.

But, there can be changes to this by reminding people on the benefits of cooperation instead of competition, or the advantages to community. This can make wealthier individuals more empathetic in this world. Its a good reminder to us as we earn more money or climb the corporate ladder in our own lives. Its not about chasing money but creating value in the world. That's what I believe.

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4 comments:

  1. The path to higher financial gains either or both at the same time:

    1) Make those folks below us work harder and harder. Don't stop until we reach where we want to be

    2) Make our money works harder for us. Don't stop until we reach FI and beyond.

    ReplyDelete
    Replies
    1. Hi Uncle CW,

      As the saying goes, use other people's time and other people's money. But it has to be fair and not take advantage. Businesses can hire people but pay fairly, we loan money and pay an interest.

      Delete
  2. The love of money is the root of all evil, not money. Its a common misquoted statement. If you don't love it, you won't ki siao over it.

    ReplyDelete
    Replies
    1. Hi Philip,

      You're right, the love of money is the root of all evil.

      Delete