Net-worth and self-worth: what is difference?


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Net-worth and self-worth: what is difference?

The difference between net worth and self worth to my mind rests on that which is extrinsic and intrinsic to our humanity.

Abraham Maslow defined a hierarchy of needs to be:
1) Biological and Physiological (water, food, shelter, air, sex, etc.)
2) Safety (security, law and order, stability, etc.)
3) Belonging and love (family, affection, community, etc.)
4) Esteem (self-esteem, independence, prestige, achievement, etc.)
5) Self-Actualization (self-fulfillment, personal growth, realizing personal potential, etc.)

I think that the needs 1 thru 3 are extrinsic needs. While needs 4 and 5 are to a large degree intrinsic needs. They are intrinsic in the sense that we can survive without fulfilling such needs but they are needs that will enhance our sense of self worth.

Capitalism tends to accentuate needs 1 thru 3 with little thought to 4 and 5 because such an economic system recognizes little about anything but net worth. Net worth is valuable especially if it allows us to accomplish needs 4 and 5.

“Presupposition that the work of art, as an autonomous organism, stands beside nature on equal terms and, in its deepest essence, devoid of any connection with it, in so far as by nature is understood the visible surface of things.” Wilhelm Worringer author of Abstraction and Empathy