Post at Get Rich Slowly
A story commonly told by Warren Buffet - "The Lottery of Birth":
Before you enter the world, you will pick one ball from a barrel of 6.8 billion (the number of people on the planet). That ball will determine your gender, race, nationality, natural abilities, and health — whether you are born rich or poor, sick or able-bodied, brilliant or below average, American or Zimbabwean.
If you could put your ball back, and they took out, at random, a hundred other balls, and you had to pick one of those, would you put your ball back in? Now, of those hundred balls … roughly five of them will be American. … Half of them are going to be below-average intelligence, half will be above. Do you want to put your ball back? Most of you, I think, will not. … What you’re saying is, “I’m in the luckiest 1% of the world right now.”
The moral of the story:
We should be designing a society that, as Buffett says, “doesn’t leave behind someone who accidentally got the wrong ball and is not well-wired for this particular system.”
Thursday, April 1, 2010
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