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h. Resources, Poverty and Wellbeing

Resources, Poverty and Wellbeing

We use resources to create satisfiers. Resources include, for example, time, physical effort, mental effort, emotional resources, and material resources or property. A key feature of resources is that they become depleted with use. Knowledge is not a resource in this sense, however, because it does not become depleted.

Property is the resource that an individual or group of people hold to satisfy their needs and which they will defend. Ownership attaches to property, it is associated with a particular individual or group, and only they have the right to use it. It is human nature to hold property and respect for ownership must be reciprocal if ownership is to exist.

An inability to satisfy one’s needs due to a lack of adequate resources or other obstacles can be described as poverty. Normally, due to its prevalence, this term applies to an inability to satisfy our existence needs. However, it can also be used to describe an inability to satisfy other needs. It can be a poverty of existence and procreation needs, for example an inability to feed or house oneself, a poverty of relatedness needs, for example an absence of kin and other people with whom to form relationships, or a poverty of growth needs, e.g., an inability to develop one’s talents and skills.

The term “wellbeing” is commonly used in the medical profession as an indicator of physical and psychological health. Here, however, it is given a broader meaning, i.e., the extent to which the needs of an individual or population are satisfied and, of course, the extent to which contra-needs are not.

Wellbeing is far more than “something that it is nice to have”. It affects the way in which we behave as individuals and the success or failure of a society. There are positive and negative feedback loops between individuals and society. If society, which can be regarded as a satisfier, provides wellbeing then individuals will support it, will be able to pursue their needs and will be better able to contribute to that society. This is a positive feedback loop. Conversely, if society becomes a contra-satisfier, for example when a minority exploit the majority, then the latter will become alienated, engage in conflict and the society will fail. This is a negative feedback loop.

Different cultures provide for the needs of their population in different ways, and their success in doing so varies. It is possible to evaluate a culture from the way it uses the available resources to satisfy the needs of its population and others with whom it interacts. In general, resources satisfy the wellbeing of the population most efficiently if they are used in an egalitarian manner. That is not to say that every resource should be apportioned equally. As individuals ascend the tree of needs their needs begin to differ from those of others, and so too do the resources required to satisfy them. Thus, equitable sharing is related to needs satisfied rather than the resources applied.

Numerous attempts have been made to measure the wellbeing of populations: the Gini Index, a measure of the income distribution of a country’s residents and thought to be a good indicator of the level of inequality; Bhutan’s measure of Gross National Happiness; the OECD’s Better Life Index; the Index of Sustainable Economic Welfare (ISEW); subjective wellbeing (SWB); and so on. In the author’s view, however, it may be possible to measure an individual’s wellbeing in terms of the value they place on the resources available to satisfy their needs. For example, if they place a high value on personal time or money then this implies that they have insufficient to satisfy their needs. All these approaches have their flaws and can be criticised. I do not propose to look at them in detail, therefore. I merely wish to establish the principle that wellbeing can be measured, and serious attempts are being made to do so.

2 replies on “Resources, Poverty and Wellbeing”

Content: Excellent. Requires some “polishing up” of your English
Presentation: Quite Good but room for minor improvement.

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