The objective function of capitalism is wealth-weighted. The term "economic value" tries to hide this fact. If everyone had equal wealth and equal weight in th

The objective function of capitalism is wealth-weighted. The term "economic value" tries to hide this fact. If everyone had equal wealth and equal weight in the objective function, your picture of reality (voluntary transactions etc etc) would be correct! If Mt. Olympus had all the wealth and completely controlled the objective function, my picture of reality would be correct. I leave it as an exercise for the reader to look at the actual wealth distribution function and interpolate world views accordingly.