Lately, I thought a lot about an anecdote we used to tell in Germany about business consultants. It goes somewhat like this: A consultant meets an old fisherman at a small port. The fisherman is done fishing and enjoying himself. The consultant asks why the fisherman isn't taking a loan to get a bigger ship and fish more. Because he would make a lot of money to do whatever he wants. The fisherman said that he is already doing that, fishing in the morning and enjoying the sun on a bank at port in the evening.
I came to realise, that I'd rather be the fisherman. Which doesn't mean the other approach is wrong, so.
How would the fisherman feed himself if he broke his arms? Alternatively, what if he wakes up one day and finds that all the fish near his village have been fished out of the ocean by other, more entrepreneurial fishermen?
If had money saved up, at least he could buy food for him and his family.
Social safety net and sustainability regulations. It’s not normal in much of the world to spend your life with the looming fear of being bankrupted by a serious illness or to treat natural ecosystems as a zero sum game to be exploited.
I came to realise, that I'd rather be the fisherman. Which doesn't mean the other approach is wrong, so.