The word wealth is defined by being in a state of prosperity or to have an
excess of riches. At its root, wealth
has well, which means to be in a state of well-being or also of profit. The
word well was first recorded in 888 AD as wĕl,
which carried the same meaning that it does today. The wealthy of modern times
always have an abundance of money, for money is the commodity of a profit.
However, well (most commonly written
as do well) as an adverb is defined as
acting in good moral standing. The moral virtue of the wealthy is not their
most recognized attribute, and it has traditionally not been the view of the
common person that the wealthy are virtuous. In order for one man to have an
excess of some commodity, another must have a deficiency.
The
root of the word wealth, which is wĕl, became weal, which describes riches and possessions in terms of both the
individual and the collective. Weal reflects the waves of nationalism that
swept across Europe in the 18th and 19th centuries which
frequently resulted in violence for the wealth of the nation- “this needful
violence is for thy safety, No less than for the general weal” (Byron, 1820).
The first international collective that campaigned for the wealth of the collective was the Church. Although collection was
supposedly undertaken for the weal of the Church as a whole(Prescott,
1838), much of the wealth was going to a priveleged few, and the corruption
that was associated with this excess forever changed the definition of wealth in institutions. The moral
virtue that was derived from wĕl disappeared
from the working mans definition of wealth;
if the single greatest western institution following the word of god could not
maintain moral virtue in the face of material excess, than how could any other
institution?
The
modern word wealth evolved from weal as an analogy to health, as fiscal strength and strength of
the body is pillars of a prosperous life. Both health and wealth have common uses, which include welfare and well-being. Well
being of the body has become just as important as the well being of an
individual’s finances. A capitalist economy in a secular society depends on the
individual working to amass the greatest wealth
possible; competition is what capitalism depends on to be successful. The public-weal of modern society is not wealth for all, but wealth for a few in order to maintain a
strong and competitive economy. Since
the general wealth of a nation and
personal wealth are so disconnected
in the eyes of the working class, the animosity between the workers and wealthy
grows. The tension between workers and the wealthy only grows in the face of
corporate corruption. Unfortunately in capitalism, without the drive for individual
wealth, the wealth of the nation, which is the strength of its economy,
falters. Thus, the well-being of a
capitalist nation is inherently dependent on the well-being of the entrepreneurs
and business man. Unfortunately the practice of trickle-down economics does not
always reach the workers in the manner it should as a result of corruption. The
rich collect more wealth while the worker still lives with less.
Works
Cited
Holden,
Richard, ed. Oxford. Oxford: Oxford University Press, 2012. Accessed
November 16, 2012. http://www.oed.com/search?searchType=dictionary&q
=wealth&_searchBtn=Search.
Harper,
Douglas, ed. Online Etymology Dictionary. 2001. Last modified 2012.
Accessed October 20, 2012. http://www.etymonline.com/index.php?term
=wealth.
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