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When trying to find out what society really values, don't listen to what society says. Rather look at who they actually pay more.
by arvinsim 4y ago
When trying to find out what society really values, don't listen to what society says.
Rather look at who they actually pay more.
- tgv 4y agoYou seem to be under the impression that society values the likes of Bernie Madoff and Elizabeth Holmes.
- kweinber 4y agoSociety values investment strategies and medical innovations. If society finds out it has been defrauded, then society tries to reclaim its investments and punish the fraudsters.
- williamtrask 4y agoSociety sounds very cranky
- derbOac 4y agoNot disagreeing with what you wrote, but the word "fraud" itself implies a distinction between perceived and actual value.
- wongarsu 4y agoTo be fair, if societal values are determined by capital allocation then the values are almost entirely determined by the top 10%.
- 8note 4y agoSociety did at some point, but I think society would pay more for a loaf of bread than a Madoff share today
- slibhb 4y agohttps://en.wikipedia.org/wiki/Marginalism https://en.wikipedia.org/wiki/Marginalism