1. Wealth Without Work:
This refers to the practice of getting something for nothing - manipulating markets and assets so you don't have to work or produce added value, just manipulate people and things. Today there are professions built around making wealth without working, making much money without paying taxes, benefiting from free government programs without carrying a fair share of the financial burdens, and enjoying all the perks of citizenship of country and membership of corporation without assuming any of the risk or responsibility.
How many of the fraudulent schemes that went on in the 1980s, often called the decade of greed, were basically get-rich-quick schemes or speculations promising practitioners, "You don't even have to work for it"? That is why I would be very concerned if one of my children went into speculative enterprises or if they learned how to make a lot of money fast without having to pay the price by adding value on a day-to-day basis.
Some network marketing and pyramidal organizations worry me because many people get rich quick by building a structure under them that feeds them without work. They are rationalized to the hilt; nevertheless the overwhelming emotional motive is often greed: "You can get rich without much work. You may have to work initially, but soon you can have wealth without work." New social mores and norms are cultivated that cause distortions in their judgement.
Justice and judgement are inevitably inseparable, suggesting that to the degree you move away from the laws of nature, your judgement will be adversely affected. You get distorted notions. You start telling rational lies to explain why things work or why they don't. You move away from the law of "the farm" into social / political environments.
When we read of organisations in trouble, we often hear the sad confessions of executives who tell of moving away from natural laws and principles for a period of time and begin overbuilding, over borrowing, and over speculating, not really reading the stream or getting objective feedback, just hearing a lot of self-talk internally. Now they have a high debt to pay. They may have to work hard just to survive - without hope of being healthy for five years or more. It's back to the basics, hand to the plow. And many of these executives, in earlier days, were critical of the conservative founders of the corporations who stayed close to the fundamentals and preferred to stay small and free of debt.
Stephen R. Covey.
To be continued ....
Note : "Dr. Stephen R. Covey - one of the world's leading management consultants and author of the best selling book The Seven Habits Of Highly Effective People - is co-chairman of Franklin Covey located in Salt Lake City, Utah in the U.S.A. Franklin Covey provides consultancy services to Fortune 500 companies as well as thousand of small and mid-size companies, educational institutions, government and other organisations world-wide. Their work in Principle Centered Leadership is considered to be an instrumental foundation to the effectiveness of quality, leadership, service, team building, organisational alignment and other strategic corporate initiatives.
Excerpts from Chapter 7 - SevenDeadly Sins - Page 87 to 93
Mahatma Gandhi said that seven things will destroy us. Notice that all of them have to do with social and political conditions. Note also that the antidote of each of these "deadly sins" is an explicit external standard or something that is based on natural principles and laws, not on social values.
*MBA Projects for effective management on Gandhi's principles -