What we are doing is, rather than living on the interest of our basic biological capital, we're using up our capital, so we're dipping into our capital. We're using up what should be our children's and grandchildren's legacy.
Sentiment: NEGATIVE
We are now heading down a centuries-long path toward increasing the productivity of our natural capital - the resource systems upon which we depend to live - instead of our human capital.
This is the other thing: we make the cost of raising kids higher than it has to be just because we feel they need all this stuff, like gadgets, certain schools, and activities that are nice but aren't really necessary.
It's our responsibility to pass on what we inherited, not to squander it, but to build on it.
Our young people are assets to be cultivated and nurtured; let's begin treating them that way.
There's nothing more important than our good health - that's our principal capital asset.
We need to shift from an economic organizing principle for human civilization, to a humanitarian organizing principle. Making money more important than your own children is a pathological way for an individual to run their affairs, and it's a pathological way for a society to run its affairs.
Capital isn't this pile of money sitting somewhere; it's an accounting construct.
I would say raising capital is one of the weakest things for most entrepreneurs.
We can spend our whole lives underachieving.
We have been maintaining a standard of living by putting things on the debt of the next generation.