Does anything any inherent value or Is value of something always context sensitive?
If I write the code in India I get paid 1000£ a month and in UK 5000£
If you clean houses you get paid 1£ for an hour in India and 10£ in UK.
Economy is not real, capitalism is not real, how can the price of something go up because more people want it? price which is governed by demand and supply it is totally wrong.
Or is it?
Anti snake venom is useless to me now, but after I have been bitten by a snake, it is most valuable.
but if I were selling snake venom, would I charge exorbitant rates for people already bitten by snakes and low prices for people who haven't?
Inherent value of an item is the time and effort required to make it/get it.
That also somewhat goes up and down with demand, For example things which are in great demand sometimes are cheaper because it is easy to mass produce ( this is true only after industrial revolution? ) but still remains the same. Should things be priced more like this? price = cost + little bit more for my sustainance. The definition of little bit more may be varies based on the greed( or need? ) of the person.
Another type of economy is need based. Basically venom in priceless. I make anti venom and I give to you for free when u get bitten. in exchange I get food water shelter. somewhat like our body, liver is not asking for money to clean our body and white blood cells are happy with oxygen and nutrition and do the killing for you. Brain gets more blood than most other parts because it needs it, not because it wants it.
Is this economic model better? Healthier? Can this kind of model even work for humans? Or will Human nature get in the way of this Utopia.
The cells and organs dont get vacations, dont get weekend off even :D who will pay for the weekends and holidays and the fast cars? :D can we have luxury in such an economy? How do u divide the tasks? Some tasks have to be forced on some people. or use robots to do tasks no one wants to do? or u do it like karma yoga i,e all tasks are equal, Its easy to say but is it practical?
Is it at all possible to get rid of this unfair system we have now?
If I write the code in India I get paid 1000£ a month and in UK 5000£
If you clean houses you get paid 1£ for an hour in India and 10£ in UK.
Economy is not real, capitalism is not real, how can the price of something go up because more people want it? price which is governed by demand and supply it is totally wrong.
Or is it?
Anti snake venom is useless to me now, but after I have been bitten by a snake, it is most valuable.
but if I were selling snake venom, would I charge exorbitant rates for people already bitten by snakes and low prices for people who haven't?
Inherent value of an item is the time and effort required to make it/get it.
That also somewhat goes up and down with demand, For example things which are in great demand sometimes are cheaper because it is easy to mass produce ( this is true only after industrial revolution? ) but still remains the same. Should things be priced more like this? price = cost + little bit more for my sustainance. The definition of little bit more may be varies based on the greed( or need? ) of the person.
Another type of economy is need based. Basically venom in priceless. I make anti venom and I give to you for free when u get bitten. in exchange I get food water shelter. somewhat like our body, liver is not asking for money to clean our body and white blood cells are happy with oxygen and nutrition and do the killing for you. Brain gets more blood than most other parts because it needs it, not because it wants it.
Is this economic model better? Healthier? Can this kind of model even work for humans? Or will Human nature get in the way of this Utopia.
The cells and organs dont get vacations, dont get weekend off even :D who will pay for the weekends and holidays and the fast cars? :D can we have luxury in such an economy? How do u divide the tasks? Some tasks have to be forced on some people. or use robots to do tasks no one wants to do? or u do it like karma yoga i,e all tasks are equal, Its easy to say but is it practical?
Is it at all possible to get rid of this unfair system we have now?
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