The phrase "genuine wealth" is grammatically correct and can be used in written English.
It refers to true or authentic wealth as opposed to false or superficial wealth. Example: "Despite his vast material possessions, the billionaire realized that genuine wealth comes from meaningful relationships and experiences."
In a recent report, the Bank of England argued that rising house prices do not create genuine wealth in aggregate.
Although the information revolution provides "enthralling entertainment and communication devices" it is seemingly incapable of providing genuine wealth generation.
If we allow these practices to continue they will undermine the foundations on which all genuine wealth creation is built.
This matrix of policies will transform Britain's capacity for genuine wealth generation, but they must be supported by policy on two more major dimensions.
Britain needs an investment and innovation revolution driven by a good capitalism animated by the desire to generate genuine wealth, a far cry from what we have.
It can only be the state that can reconstruct the financial system shattered by its own weaknesses, and I would use the opportunity to make it more long-termist and more supportive of genuine wealth generation.
Thomas Philippon of New York University and Ariell Reshef of the University of Virginia estimate that 30-50% of the wage gap between financial and non-financial workers between the mid-1990s and 2006 was the fruit of what they judged to be rent-seeking rather than genuine wealth-creation.
Read more stories like this: Abolish GDP in favor of a genuine progress indicator Rethinking prosperity: what is true wealth?
"We are not angry about rising assessments, because that shows that there's genuine increase in wealth in terms of equity," says Brian Smith, president of the Norfolk Tea Party, a tax relief advocacy group in Virginia.
But it's male-ish to say that only the size of a man's pecs or the shape of woman's rear end can inspire a genuine attraction, whereas obscene wealth always and everywhere inspires only money-grubbing gold-digging.
They seemed to be experienced in engaging people and possessed a wealth of genuine expertise in their chosen subjects.
