Wealth

Wealth is the abundance of valuable resources or valuable material possessions. This includes the core meaning as held in the originating old English word weal, which is from an Indo-European word stem. An individual, community, region or country that possesses an abundance of such possessions or resources to the benefit of the common good is known as wealthy.

The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics yet the meaning of wealth is context-dependent. At the most general level, economists may define wealth as "anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts. Defining wealth can be a normative process with various ethical implications, since often wealth maximization is seen as a goal or is thought to be a normative principle of its own.

Creative Commons

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Malcolm X

Malcolm X (/ˈmælkəm ˈɛks/; May 19, 1925 – February 21, 1965), born Malcolm Little and also known as el-Hajj Malik el-Shabazz (Arabic: الحاجّ مالك الشباز‎), was an American Muslim minister and a human rights activist. To his admirers he was a courageous advocate for the rights of blacks, a man who indicted white America in the harshest terms for its crimes against black Americans; detractors accused him of preaching racism and violence. He has been called one of the greatest and most influential African Americans in history.

Malcolm X was effectively orphaned early in life. His father was killed when he was six and his mother was placed in a mental hospital when he was thirteen, after which he lived in a series of foster homes. In 1946, at age 20, he went to prison for larceny and breaking and entering. While in prison, Malcolm X became a member of the Nation of Islam, and after his parole in 1952, quickly rose to become one of the organization's most influential leaders. He served as the public face of the controversial group for a dozen years. In his autobiography, Malcolm X wrote proudly of some of the social achievements the Nation made while he was a member, particularly its free drug rehabilitation program. In keeping with the Nation's teachings, he promoted black supremacy, advocated the separation of black and white Americans, and rejected the civil rights movement for their emphasis on integration.