Private Wealth vs Common Wealth: Value Tension in Economy

519 Words2 Pages

Truth is told that the economy is done right by spending money wisely in opportunities. Certainly the economy is a way for us to improve our survival and development with a value tension. The value tension is between the private wealth vs the common wealth and as which they shape and benefit a part of the country’s democracy. Private wealth vs common wealth is the effective resource to build a strong system because production, distribution, and benefits occur to create this type of value tension. The private wealth vs the common wealth is a value tension that equally desires to achieve a goal. Private wealth is income, capital, and character, while common wealth is the shared resources from the community. This type of value tension can benefit to “create a healthy tension between what the individual can become and what is necessary to sustain a flourishing community” (Thoreau 24). As this value tension can become a way for people to understand “that their personal well being was intimately connected with the welfare of the community” (Thoreau 24). Benefiting from a certain tension like this can gain the United States to succeed within its people to develop its part of democracy. We have two hands for ourselves and for others who need help therefore wealth can bring an opening path. Certainly no one knew that a man born in Boston known as Benjamin Franklin will bring good to others. Franklin wasn’t as big as …show more content…

Of course the differences pursuit the happiness for the identity, but we can disagree on what the pursuit involves. American’s democracy history created the debate of citizens defining what matters in the economy and therefore creating the debate makes the nation stronger. The conflict between Franklin’s wealth and the common wealth tell us that “yet, we seem to know within the vicissitudes of our own minds that there can be no private wealth without common wealth” (Thoreau

Open Document