3 ms·
In a capitalist system, the economic value of anything is whatever the market is willing to bear. That economic value is largely uncorrelated with any particula
by jdietrich 8y ago
In a capitalist system, the economic value of anything is whatever the market is willing to bear. That economic value is largely uncorrelated with any particular assessment of intrinsic value.
Like many businesses, the art business is primarily driven by marketing. The act of painting is largely orthogonal to the act of persuading an oligarch that your painting is valuable.
- knuththetruth 8y ago>The act of painting is largely orthogonal to the act of persuading an oligarch that your painting is valuable. Which is more an indictment of the Capitalist system than anything else.
- gukov 8y agoIs there a better way of assigning/determining value? Make everything equal? Randomly pick one? The first one to market wins (essentially what we have right now)?
- throwaway37585 8y agoHow is that an "indictment" of "the capitalist system"?