Usury

40. Needs, Wants, Confusion.

If you don’t confuse your needs with your wants I might not be able to pay of my debts. It’s better that you are more confused than me. Because…

I need to fulfill my wants?

Yes, people often confuse wants and needs. This is because wants are often perceived as needs due to societal pressures, marketing campaigns and media messages. People may think they need a certain item or activity, when in reality it is just a want. (ao)

“If you want peace of mind. do what you need instead of what you want.”

Santosh Kumar Pyasa

But I first want my wants. Right?

AI Created: Artificial Intelligence talking about Usury.

Me: Who benefits in a system of usury that needs and wants get confused?

ChatGPT (jan23):

In a system of usury, the lenders and financial institutions who are charging high interest rates tend to benefit the most. They are able to make a significant profit from the high interest they charge on loans. However, the borrowers, who are often in need of funds and may have few other options for obtaining credit, may find themselves in a difficult financial situation as a result of the high interest rates. They may struggle to repay the loans, which can lead to a cycle of debt and financial hardship. The confusion between need and wants can lead to borrowers taking loans for non-essential items and services, which will put them into a cycle of debt and the lenders will be the one who benefits from it.

Buy the AI a drink (in holofuel)

NFT

Extra:

Is there something that deliberately makes us confuse wants and needs?

No, there is no deliberate force that makes us confuse wants and needs. However, our own human nature and society can lead us to want things we don’t necessarily need and this can cause confusion. (ao)

And why do we do that?

We do this because society often tells us that having certain items or experiences is necessary in order to be successful or to have a certain level of status. Additionally, humans often make decisions based on emotion, rather than logic, which can lead to decisions that involve confusing wants and needs. (ao)

Why does society has these emotions?

Society often has these emotions because it is trying to influence people to buy certain products or services, or to behave in a certain way. Companies and organizations use marketing and advertising to make people believe that they need something, and this can create feelings of envy or desire that can cause people to make decisions based on emotion rather than logic. (ao)

Why do they do this?

Companies and organizations do this because it is an effective way to increase their profits. By creating an emotional connection with potential customers, companies can convince them to buy products or services that they may not actually need. (ao)

Companies that have debt, and if they don’t do these strategies someone else might and put them in a disadvantage to pay of their debt?

Yes, companies that have debt can be put at a disadvantage if they don’t use marketing and advertising strategies. If companies don’t create an emotional connection with potential customers, then other companies may be able to do so and thus gain a competitive advantage. This can make it more difficult for companies with debt to pay it off, as they may not be able to generate as much income as their competitors.

Wikipedia:

Affiliate:

List of books:

  1. “The Paradox of Choice: Why More Is Less” by Barry Schwartz
  2. “Influence: The Psychology of Persuasion” by Robert Cialdini
  3. “The Art of Thinking Clearly” by Rolf Dobelli
  4. “Sapiens: A Brief History of Humankind” by Yuval Noah Harari
  5. “The Consumer Society: Myths and Structures” by Jean Baudrillard

List of documentaries:

  1. “The True Cost” (2015) directed by Andrew Morgan
  2. “Minimalism: A Documentary About the Important Things” (2015) directed by Matt D’Avella
  3. “Happy” (2011) directed by Roko Belic
  4. “Century of the Self” (2002) directed by Adam Curtis
  5. “The Persuaders” (2004) directed by Barak Goodman and Rachel Dretzin

List of movies:

  1. “Fight Club” (1999) directed by David Fincher
  2. “The Social Dilemma” (2020) directed by Jeff Orlowski
  3. “WALL-E” (2008) directed by Andrew Stanton
  4. “The Big Short” (2015) directed by Adam McKay
  5. “The Matrix” (1999) directed by The Wachowskis

List of series:

  1. “Black Mirror” (2011-2019) created by Charlie Brooker
  2. “Mr. Robot” (2015-2019) created by Sam Esmail
  3. “The Good Place” (2016-2020) created by Michael Schur
  4. “Mad Men” (2007-2015) created by Matthew Weiner
  5. “The Simpsons” (1989-present) created by Matt Groening

List of songs:

  1. “Material Girl” by Madonna
  2. “Satisfaction” by The Rolling Stones
  3. “Can’t Buy Me Love” by The Beatles
  4. “Price Tag” by Jessie J ft. B.o.B
  5. “Wealth” by Frank Ocean

List of artworks:

  1. “Balloon Dog” by Jeff Koons
  2. “Campbell’s Soup Cans” by Andy Warhol
  3. “The Physical Impossibility of Death in the Mind of Someone Living” by Damien Hirst
  4. “For the Love of God” by Damien Hirst
  5. “Pietà” by Michelangelo

List of podcasts:

  1. “The Psychology Podcast” hosted by Scott Barry Kaufman
  2. “Freakonomics Radio” hosted by Stephen J. Dubner
  3. “Hidden Brain” hosted by Shankar Vedantam
  4. “The Minimalists Podcast” hosted by Joshua Fields Millburn and Ryan Nicodemus
  5. “Stuff You Should Know” hosted by Josh Clark and Chuck Bryant.

Purpose: to evolve and create new knowledge

Would you agree…

#Usury #UsuryC #Usury039 #Usury040 #Usury041

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