Redefining Prosperity - Lessons From Japan || Acharya Prashant - video Dailymotion

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00:00Look at, there are several countries where the per capita income is very modest, yet the average

00:06life expectancy is better than some of the first world countries. Innovations are happening at the

00:13same rate or at a faster rate than the global north. Japan is known to have people who live

00:19the longest. Are Japanese richer than the Americans? No. In terms of per capita income,

00:24but they are more peaceful and happier. So is capital money, financial growth needed for its

00:31own sake or is all economics actually for the sake of the individual? And do we understand what the

00:37individual really needs? We are not saying the individual needs a mystical salvation. No, we are

00:41not coming from there. No spiritual mumbo jumbo here. We fully understand that we need money. But

00:46being rational people, we would also want to plot money against welfare and see where the curve

00:52pertains saturation. And beyond that, if you are still invested in earning money, then you are

00:57wasting yourself, your life and also destroying the planet. That's what is happening. That's what

01:02is climate change.