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Financial and Economic Literacy leads to Financial Wellbeing and Productivity

There are many reasons that explain why free market capitalism induces high levels of long-term productivity when compared to other systems. And like so many things in life that work, the reason is simple. It has to do with the same motivation that caused primitive humans to try to manipulate and change aspects of their immediate environment, so as to improve the quality of their life.

In pre-historic times, the course towards better lifestyle (higher productivity) was quite obvious in simple though harsh steps. In what was a process that today we would call “trial and error”, success and failure were extremely obvious. Those that succeeded grew in numbers, those that failed perished.

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