Research (Cameron Anderson, psychological scientist of the Haas School of Business at the University of California, in Psychological Science, a journal of the Association for Psychological Science): “New research suggests that overall happiness in life is more related to how much you are respected and admired by those around you, not to the status that comes from how much money you have stashed in your bank account. …
“‘One of the reasons why money doesn’t buy happiness is that people quickly adapt to the new level of income or wealth. Lottery winners, for example, are initially happy but then return to their original level of happiness quickly,’ said Anderson.”
My Comment: Our essence is the desire to enjoy, no matter from what it comes, but among all the desires the highest one on the scale of pleasures, the most powerful and long-lasting is approval, respect, honor, fame. That’s why, in the integral community, the whole economy and the calculations will be based upon receiving non-monetary rewards and social approval.
The standard of living will be one and will be determined only by natural characteristics of each individual, and the reward for effort in bestowal to the public will be “paid” by the attitude of society towards a person; thus, competition will be many times more than the desire for material reward. See Baal HaSulam’s article “The Last Generation.”