Occupy and Move: These concepts are the key to wealth. Here, ‘occupy’ means owning goods, and ‘move’ refers to transferring ownership through exchange. Wealth is built by accumulating possessions. For accumulation to occur, a good must first be owned by someone else and then transferred. The transfer of ownership is what I call the movement of goods. To transfer, a payment is made to the current owner, usually in currency. Currency simplifies exchanges, as it is easier to move and issue than physical goods. Today, currency moves electronically, accelerating transactions. Had goods always been exchanged directly for other goods, exchanges and wealth accumulation would progress more slowly and inefficiently. The economic system now manages prices by adjusting the money supply, controlling the value of goods relative to currency, since money is easier to manage than goods. Business and investment outcomes depend on whether wealth is stored in money or in goods. If you emphasize goods, pat...
Traffic direction is influenced by history and traditions. What would occur if a country suddenly changed its travel direction? The costs of replacing road signs would be just the start; the nation would also need to revise traffic laws and control systems, leading to a higher frequency of accidents. Such a major change hasn’t occurred in any country since its inception. Globally, 165 countries have adopted right-hand drive (RHD), while 75 have implemented left-hand drive (LHD). Currently, 66% of the world’s population drives on the right, and 72% of all roads are right-sided. - Joseph’s “just my thoughts”