Ads Area

Why Some Americans Thrive

Shield

AN OXFORD CLUB PUBLICATION

Loyal reader since December 2024

Liberty Through Wealth

SPONSORED

Forget Nvidia, This "Ghost Town" Company Holds the Key to the AI Boom

Image

Nvidia, AMD, Intel, Taiwan Semiconductor Manufacturing, Google, Microsoft, Apple, Tesla, Oracle, Palantir, IBM…

They all need this little-known company's product.

And this company has a virtual monopoly in the U.S.

That means this company that's located in an American ghost town — with only 30 people — could be the key to the $100 trillion AI boom.

THE SHORTEST WAY TO A RICH LIFE

Why Some Americans Thrive... and Others Don't

Alexander Green, Chief Investment Strategist, The Oxford Club

Alexander Green

My friend Mark Skousen recently forwarded me a column by David Brooks of The New York Times.

He did that because he knew I would strenuously disagree with it. And he wasn't wrong.

(Of course, like most thinking people, I find less to agree with in The New York Times with each passing year.)

Brooks is a political and cultural commentator and the author of many books, some of which I have read and enjoyed.

In a recent column, however, he made the audacious claim that Americans are less hopeful than most others around the world because we are "hyper-individualistic" and greedy.

How did he reach this conclusion? By combining a few facts with The New York Times' favorite biases.

In this case, the Gallup organization recently interviewed people across 142 countries and asked them a series of questions to determine whether they felt they were a) thriving, b) struggling, or c) suffering.

The good news is that the number of people worldwide who say they are thriving has been rising steadily over the past 10 years.

The number of people who say they are suffering is down to just 7% globally. That's the lowest level in 18 years.

However, the share of the population that is thriving is falling in the United States, Canada, Western Europe, Australia, and New Zealand.

In other words, the nations with some of the highest standards of living are seeing the greatest reported decline in wellbeing.

And the trendline is admittedly terrible. Just 49% of Americans say they're thriving, down from 67% in 2007.

This is not due to economic conditions.

As Brooks himself points out, "Over these years the American GDP has surged, wages have risen, unemployment has been low, income inequality has gone down."

Plus, Americans are living longer. Our standard of living has never been higher. Educational attainment has never been greater. We have more creature comforts, technological advantages, lifesaving medical treatments, and entertainment choices than ever before.

U.S. household income is at record levels. And so is U.S. household net worth, thanks to surging real estate and stock market values.

Americans also have more leisure time to enjoy all these conveniences.

So why do more than half of Americans claim they are not thriving?

SPONSORED

Get Marc's Top 6 AI Dividend Stocks (FREE PICKS)

World-renowned income expert Marc Lichtenfeld just released his Free AI Income Playbook. Inside, you'll find his TOP 6 AI dividend stocks right now.

And today, he's giving you this package... completely free of charge!

To get your FREE dividend recommendations, click here now.

According to Brooks, people thrive when they have dense networks of relationships and a clear sense of meaning and purpose.

I have no argument with this. Let's start with relationships...

We are all social creatures. The reason that solitary confinement is deemed the harshest form of punishment is that we need daily interactions with others to feel whole.

We also need meaning.

People can bear almost any hardship if they have a strong sense of why they're doing it.

(Just ask the soldiers on the front lines in Ukraine.)

The irony is that - amid the greatest affluence the world has ever known - millions in the West have chosen to isolate themselves socially and view their lives as devoid of meaning.

Go anywhere today, for example, and you'll see many people gazing down at their phones.

The sun is shining. The sky is blue. The wind and the birds are singing in the trees. Yet they're oblivious as they scroll through their texts, emails, and social media.

Or how about this common scene? A couple is out for dinner in a restaurant. Yet both spend their time looking down at their phones.

(Their evenings out must bear a strong resemblance to their evenings in.)

We think we are more connected than ever. But real life often ramps down as technology ramps up. There simply is no substitute for face-to-face interaction.

Real conversations are awash in facial expressions, tones of voice, body language, and other non-verbal cues.

There's a big difference between pushing a "like button" and seeing people laugh and smile.

The irony in all this connectivity is greater disconnectedness, an epidemic of distractedness and alienation.

As for purpose and meaning, that's up to each of us to provide.

The meanings we untap in life are those that we create, the dreams, plans, and projects that we live for.

How exciting these are is a measure of our imagination and creativity.

A possible starting point might be devoting yourself to some worthy goal or cause.

Or how about just being grateful for each day and the privilege of sharing it?

Yet David Brooks argues that we are unhappy because we have aggressively embraced values that are poisonous to our wellbeing.

"Let's be clear about what's happened here: greed," he concludes. "Americans have become so obsessed with economic success that we've neglected the social and moral conditions that undergird human flourishing."

No, we haven't.

Americans pursue economic success partly because we enjoy the challenge.

But also because we want to live in better homes and neighborhoods. We want to send our kids to better schools.

And we know that money gives us choices.

That includes the ability to not only do what we want, but to work where we want, as long as we want, so that we can retire when we want.

Striving for financial freedom is a worthy goal. But it's not, of course, the only goal.

If you want to improve your relationships, feel more connected, or imbue your life with more meaning, then do it.

Yet this has nothing to do with being "less greedy" or "less hyper-individualistic" (whatever that means).

It's about taking ownership of your life mentally, physically, socially, spiritually... and financially.

Of course, that means taking responsibility for your life rather than blaming "society" or "the culture."

And no one ever thrived at The New York Times by offering an outdated solution like that.

Good investing,

Alex

Leave a Comment
This secret stock is set to bring 50,000 new jobs to America with a deal involving Apple and $10 billion

BUILD AND PROTECT YOUR WEALTH

Donald Trump's Second Term Could Create 20,000,000 Millionaires

Is EMN's 5.4% Dividend Yield on the Chopping Block?

These special plays have averaged a 95% monthly gain for the past 5 years! Details here.

95% Win Rate Selling Puts (I was only shooting for 80%)

SPONSORED

Stewart Was a Welder in the Family Business... Then He Did ONE Thing... and Ended Up One of the 1,000 Richest People in the World

Forbes Profile
 

See the Remarkable Step Stewart Took... and How Any American Can Follow the Same Path.

Post a Comment

0 Comments
* Please Don't Spam Here. All the Comments are Reviewed by Admin.

Top Post Ad