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23. Ethics / C. Virtue Theory / 4. External Goods / c. Wealth

[possession of money as a possible virtue]

18 ideas
Wealth is good if it is accompanied by virtue [Socrates]
     Full Idea: Wealth does not bring about excellence, but excellence makes wealth and everything else good for men.
     From: Socrates (reports of last days [c.399 BCE]), quoted by Plato - The Apology 30b
Democritus says wealth is a burden to the virtuous mind [Democritus, by Seneca]
     Full Idea: Democritus rejected wealth, regarding it as a burden to the virtuous mind.
     From: report of Democritus (fragments/reports [c.431 BCE]) by Seneca the Younger - On Providence §6
     A reaction: The rival view is that wealth empowers a virtuous person to perform more fine deeds. Democritus seems to have a rather solitary view of virtue.
The best people are produced where there is no excess of wealth or poverty [Plato]
     Full Idea: The community in which neither wealth nor poverty exists will produce the finest characters.
     From: Plato (The Laws [c.348 BCE], 679b)
Virtue and great wealth are incompatible [Plato]
     Full Idea: Virtue and great wealth are quite incompatible.
     From: Plato (The Laws [c.348 BCE], 742e)
War aims at the acquisition of wealth, because we are enslaved to the body [Plato]
     Full Idea: All wars are undertaken for the acquisition of wealth, and we want this because of the body, to which we are slave.
     From: Plato (Phaedo [c.382 BCE], 066c)
The virtue of generosity requires money [Aristotle]
     Full Idea: The liberal man will need money to perform liberal acts.
     From: Aristotle (Nicomachean Ethics [c.334 BCE], 1178a28)
     A reaction: The sort of thing Margaret Thatcher used to say, with a passive aggressive tone. The virtue also needs someone to be short of money. The paradox of virtue - that bad situations are needed, to give them opportunities.
The rich are seen as noble, because they don't need to commit crimes [Aristotle]
     Full Idea: The rich seem to possess already the things for the sake of which unjust people do injustice, which is why the rich are called both noble and good and notable.
     From: Aristotle (Politics [c.332 BCE], 1293b38)
     A reaction: This doesn't seem (at least in popular lore) to apply to those who acquired their wealth by unjust means, because by then injustice has become a habit.
Rich people are mindlessly happy [Aristotle]
     Full Idea: The character of the rich man is that of the mindlessly happy one.
     From: Aristotle (The Art of Rhetoric [c.350 BCE], 1391a12)
     A reaction: Very nice. It is hard to deny that the rich tend to be happy (in some sense of the word), and recent sociological research has tended to demonstrate this, but the pursuit of wealth must inevitably take the focus away from key intellectual pursuits. Yeh?
The endless desire for money is a crueller slavery than poverty [Democritus (attr)]
     Full Idea: Unless a point of satiety is reached, the desire for money is far more cruel than the utmost poverty, because the greater the desire, the greater the need
     From: Democritus (attrib) (reports [c.250 BCE], B219), quoted by John Stobaeus - Anthology 3.10.43
Small appetite makes poverty equal to wealth [Democritus (attr)]
     Full Idea: Small appetite makes poverty equivalent to wealth.
     From: Democritus (attrib) (reports [c.250 BCE], B284), quoted by John Stobaeus - Anthology 4.33.24
All men except philosophers fear poverty [Cicero]
     Full Idea: All men are afraid of poverty, but not a single philosopher is so.
     From: M. Tullius Cicero (Tusculan Disputations [c.44 BCE], V.xxxi.88)
     A reaction: Not a thought which is encountered very often in modern philosophy journals. If a person is to be 'philosophical' in the way they live, calm endurance of the vicissitudes and hardships of life has to be a key prerequisite.
It is almost impossible for the rich to go to heaven [Jesus]
     Full Idea: It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.
     From: Jesus (reports [c.32]), quoted by St Matthew - 01: Gospel of St Matthew 19.24
     A reaction: Aristotle and others (Margaret Thatcher) have observed that you cannot practise charity if you are poor. Jesus implies that the human race should remain in poverty. No wonder autocratic medieval rulers taught Christianity to peasants. Cf. Matt 25.30.
Why does your wife wear in her ears the income of a wealthy house? [Seneca]
     Full Idea: Why does your wife wear in her ears the income of a wealthy house?
     From: Seneca the Younger (On the Happy Life [c.60], §17)
There is far more scope for virtue if you are wealthy; poverty only allows endurance [Seneca]
     Full Idea: What doubt can there be that the wise man has greater scope for displaying his powers if he is rich than if he is poor, since in the case of poverty only one kind of virtue exists - refusal to be bowed down and crushed.
     From: Seneca the Younger (On the Happy Life [c.60], §22)
     A reaction: It is against this view that I see Jesus proposing poverty as central to virtue. But then he has the surprising view (to Seneca) that humility is a virtue. What Nietzsche calls the slaves' inversion of values.
If wealth was a good, it would make men good [Seneca]
     Full Idea: Wealth is not a good; for it it was, it would make men good.
     From: Seneca the Younger (On the Happy Life [c.60], §24)
     A reaction: An immediately attractive argument, but should we assume that anything which is good will enhance our personal goodness? If goodness is a habit, then continual pursuit of wealth is the test case to examine. Seneca is right!
Rational people judge money by needs, and live contented with very little [Spinoza]
     Full Idea: Those who know the true use of money, and regulate the measure of wealth according to their needs, live contented with few things.
     From: Baruch de Spinoza (The Ethics [1675], IVApp 29)
     A reaction: Spinoza himself lived up to this, being incredibly austere in his personal life.
People now find both wealth and poverty too much of a burden [Nietzsche]
     Full Idea: Nobody grows rich or poor any more: both are too much of a burden.
     From: Friedrich Nietzsche (Thus Spake Zarathustra [1884], 1.01)
     A reaction: True. Most people I know are just puzzled by people who actually seem to want to be extremely wealthy.
Money does produce happiness, but only up to a point [Harari]
     Full Idea: An interesting conclusion (from questionnaires) is that money does indeed bring happiness. But only up to a point, and beyond that point it has little significance.
     From: Yuval Noah Harari (Sapiens: brief history of humankind [2014], 19 'Counting')
     A reaction: The question is whether that flattening-off point is relative to those around us, or absolute, according to the needs of living. Though these two may not be separate.