The Worthy House (Charles Haywood) cover image

Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals (Tyler Cowen)

The Worthy House (Charles Haywood)

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The Core of Virtue Isn't Applied Virtue

A survey of history suggests wealth necessarily tends to erode virtue. The richer you are, the more temptations can be satisfied that run counter to virtue. By keeping the wolf far from the door, wealth allows us to be stupid and weak. You can paper over a lot of unreality with money, especially when you can steal money from others who pro use value to live your fantasy life. It doesn't work out in the long run. Ask the carthaginians. But in the meantime, you can pretend. Note too that Wealth will, through stupidity, inevitably tend to evaporate.

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