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If you can create "value" by creating a market, what happens to that "value" when that market is destroyed? When trepanation went out of style, it destroyed th
by random28345 10y ago
If you can create "value" by creating a market, what happens to that "value" when that market is destroyed?
When trepanation went out of style, it destroyed the market for skull-drills, and destroyed the market for hole-in-skill-drilling service providers. While you can argue that there was value to the consumer in not having a hold drilled in their head, it was still a net loss to any shareholders in companies that provided trepanation products and services.
- marcosdumay 10y agoYou create value by creating something people want. If doing something people want creates a market, value went up. If doing something people want destroyed a market, value went up. If you destroy a market by bribing a government and prohibiting a product people want, value went down.