Consumption Today vs. Consumption Tomorrow - Essay Example

Teacher Consumption Today vs. Consumption Tomorrow In the film “A Knight’s Tale”, William asked the five florins share of his friends as a capital to embark on his project to compete in the tournament in Rouen. He convinced his friends to give up their share for the prospect of a better future that “In one month we could be on our way to glory and riches none of us ever dreamed of”. But for them to have the possibility of realizing that, they have to give up what the five florins could have bought which are “Eel pie.

Brie tarts. Tansy cakes with peppermint cream.” Following the principle of PPC for analysis, it meant transferring their resources to purchase one good to another which in this case, giving up “Eel pie. Brie tarts. Tansy cakes with peppermint cream” for William’s training, gear and other expenses to win in the Rouen tournament. In a sense, it is their capital to “to glory and riches none of us ever dreamed of”. Taking this in a bigger context such as the choices presented to the government with its consumption today and investment tomorrow, it meant striking the balance between addressing the“Eel pie.

Brie tarts. Tansy cakes with peppermint cream” of today with the “glory and riches none of us ever dreamed” of tomorrow. In simpler terms, it meant that government has to allocate its resources to satisfy the need of today (i.e. social security, food security, defense, etch) versus the need of tomorrow. Addressing the need of tomorrow meant investing today and this could have in several forms such as education, research and development, resource exploration, supporting start-up companies etch.

Thus, the resources of the government must be effectively allocated so that it could address the needs of its people today as well as tomorrow.