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> Rather, it's a result of the depth of the value we provide The market's notion of value is weighted by wealth and therefore so far from the everyday or philo

> Rather, it's a result of the depth of the value we provide The market's notion of value is weighted by wealth and therefore so far from the everyday or philosophical notions of value that it hardly deserves the term. Example: finding a reason to deny someone's health insurance claim is "valuable", feeding a starving poor person is not.

ttoinou 8y ago
the everyday or philosophical notions of value that it hardly deserves the term https://en.wikipedia.org/wiki/Subjective_theory_of_value https://en.wikipedia.org/wiki/Subjective_theory_of_value > instead value is determined by the importance an acting individual places on a good for the achievement of his desired ends https://en.oxforddictionaries.com/definition/value https://en.oxforddictionaries.com/definition/value > The regard that something is held to deserve; the importance, worth, or usefulness of something Seems to fit
- IggleSniggle 8y ago
  I’m not sure I understand your comment. Do you mean to say that you think the market’s notion of value DOES align with the importance acting individuals place on a good / importance worth or usefulness of something? How could this possibly be true when the majority of wealth is held by a minority of individuals? It’s contradictory. A majority of people are incapable of expressing their values through wealth dispersion. If you assume that wealth dispersion is an expression of value, then by definition wealthy individuals are disproportionately able to express value.
  - ttoinou 8y ago
    How could this possibly be true when the majority of wealth is held by a minority of individuals? You went from value to wealth too fast. And this catchy sentence is only true because some statistical institution said so. Read De Soto about dead capital : http://www.thepowerofthepoor.com/concepts/c6.php http://www.thepowerofthepoor.com/concepts/c6.php > The developed world has devised a formal property system of titles, title registries, and inclusive property law that includes real estate used for homes or businesses. We in the West take that system for granted, probably because it is invisible to us. De Soto shows that this is in a large part why some nations are rich while others remain in poverty. then by definition wealthy individuals are disproportionately able to express value How do you think "everyone able to fairly able to express it's own value" would work ?
    - IggleSniggle 8y ago
      > How do you think "everyone able to fairly able to express it's own value" would work ? I don't believe this is possible; it seemed like that might be what you were suggesting. I wasn't sure what point you were trying to make with your links and "seems to fit" comment in response to the "markets notion of value" correlating to wealth, but I also wasn't sure that I was correctly interpreting your comment.
aeternus 8y ago
> feeding a starving poor person is not. Monsanto has made plenty of money feeding the world, including poor people. The key is to do it at scale. Even though some of their tactics and products are controversial, they have probably made the most headway in eliminating hunger as any other organization in history.
- deleted 8y ago
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- jjoonathan 8y ago
  The fact that the market places near-zero value on feeding poor people rather than exactly zero is not a ringing endorsement of its priorities. Also, I'm not at all sure the value proposition they see in being charitable in the tail of their price grading (i.e. no terminator genes) is market-driven. It could quite plausibly be driven by fear of government intervention -- or even, possibly, compassion.

ttoinou 8y ago

the everyday or philosophical notions of value that it hardly deserves the term https://en.wikipedia.org/wiki/Subjective_theory_of_value https://en.wikipedia.org/wiki/Subjective_theory_of_value > instead value is determined by the importance an acting individual places on a good for the achievement of his desired ends https://en.oxforddictionaries.com/definition/value https://en.oxforddictionaries.com/definition/value > The regard that something is held to deserve; the importance, worth, or usefulness of something Seems to fit

IggleSniggle 8y ago
I’m not sure I understand your comment. Do you mean to say that you think the market’s notion of value DOES align with the importance acting individuals place on a good / importance worth or usefulness of something? How could this possibly be true when the majority of wealth is held by a minority of individuals? It’s contradictory. A majority of people are incapable of expressing their values through wealth dispersion. If you assume that wealth dispersion is an expression of value, then by definition wealthy individuals are disproportionately able to express value.
- ttoinou 8y ago
  How could this possibly be true when the majority of wealth is held by a minority of individuals? You went from value to wealth too fast. And this catchy sentence is only true because some statistical institution said so. Read De Soto about dead capital : http://www.thepowerofthepoor.com/concepts/c6.php http://www.thepowerofthepoor.com/concepts/c6.php > The developed world has devised a formal property system of titles, title registries, and inclusive property law that includes real estate used for homes or businesses. We in the West take that system for granted, probably because it is invisible to us. De Soto shows that this is in a large part why some nations are rich while others remain in poverty. then by definition wealthy individuals are disproportionately able to express value How do you think "everyone able to fairly able to express it's own value" would work ?
  - IggleSniggle 8y ago
    > How do you think "everyone able to fairly able to express it's own value" would work ? I don't believe this is possible; it seemed like that might be what you were suggesting. I wasn't sure what point you were trying to make with your links and "seems to fit" comment in response to the "markets notion of value" correlating to wealth, but I also wasn't sure that I was correctly interpreting your comment.

aeternus 8y ago

> feeding a starving poor person is not. Monsanto has made plenty of money feeding the world, including poor people. The key is to do it at scale. Even though some of their tactics and products are controversial, they have probably made the most headway in eliminating hunger as any other organization in history.

deleted 8y ago
[deleted]
jjoonathan 8y ago
The fact that the market places near-zero value on feeding poor people rather than exactly zero is not a ringing endorsement of its priorities. Also, I'm not at all sure the value proposition they see in being charitable in the tail of their price grading (i.e. no terminator genes) is market-driven. It could quite plausibly be driven by fear of government intervention -- or even, possibly, compassion.