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The Uncomfortable Truth About Riches: Are We Chasing Wealth, or Just Relative Advantage?

It's a universal fantasy, often painted with scenes of absolute comfort and freedom. But what if the desire goes beyond merely accumulating wealth? What if it's about having more? That's the provocative question posed by the 19th-century philosopher John Stuart Mill: "People would rather not be rich; people want to be richer than others." At first glance, this Mill quote may sound cynical, even dismissive of true ambition. But it is strikingly true, especially in our modern world. Imagine someone who has enough to live comfortably, free of debt, and able to afford a lovely home, nutritious food, occasional holidays, and reliable healthcare. By many objective standards, this person is rich—at least relatively speaking compared to the majority of the global population. However, many individuals in this position still yearn for more. Why? Mill suggests it's because our definition of "rich" isn't a fixed, internal metric. It's an ever-shifting be...