Comments on: Spain (Too much wealth is a problem)

By: Ankur Aggarwal

Ankur Aggarwal — Thu, 10 Dec 2009 23:32:21 +0000

thanks glad you liked it

By: Juanito

Juanito — Thu, 10 Dec 2009 20:55:52 +0000

Ankur, as french would have said : “Chapeau!”. Great article man ! I never saw it that way … Indeed too much wealth can cause too many problems. Huh!

By: Ankur Aggarwal

Ankur Aggarwal — Fri, 27 Feb 2009 08:02:02 +0000

i was reading ur latest post on ur blog…
i totally agree, we have not learnt any lesson… no wonder it is said the history repeats itself…. and it often does too

By: Prax

Prax — Fri, 27 Feb 2009 07:43:30 +0000

And what about lessons from this? we certainly haven’t learnt any!
Now our bankers are printing too much currency…. aren’t they?

By: Ankur Aggarwal

Ankur Aggarwal — Wed, 18 Feb 2009 12:56:54 +0000

i agree in pre-industrialized world, too much wealth can easily become a problem….
however in industrialized world also, there is a phenomenon called Dutch disease which also hints the same
http://enagar.com/2008/11/16/natural-resources-and-poverty/

By: Sam

Sam — Tue, 17 Feb 2009 15:52:00 +0000

I’m not convinced that the problem is as simple as saying that there is “too much wealth.” The phrase “too much wealth” might cause someone to think it is economically unsustainable to have an upper class in society which is not true.

It seems to me that high amounts of wealth are only problematic when they are disproportionate to the amount of goods/services available. You made the point that production could not keep up with demand because Spain was pre-industrial. In that case, had Spain already industrialized, production could have kept up with demand and the high amounts of wealth would not have been an issue.

By: Ankur Aggarwal

Ankur Aggarwal — Sun, 24 Feb 2008 03:22:27 +0000

//too much gold and too much greed always comes to a fall//
i know, but ironically not till the 16th century did anybody realized that too much wealth can be a problem. and even then, they had no solution for that. the entire world was on gold standards and there is nothing that the kings and queens could do about it. only in the modern times with the emergence of central banks and an ability to print currency, has there been any viable solutions.

//they also say wealth lasts in a family for three generations//
ya there are several explanations to this observed phenomenon, but i doubt whether someone ever tried extending it to kingdoms (esp ones with democracies, not kings)

By: Prax

Prax — Sat, 23 Feb 2008 20:26:08 +0000

too much gold and too much greed always comes to a fall

they also say wealth lasts in a family for three generations