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value is ephemeral.
I firmly believe that there is only so much "wealth" in any closed system. For someone to make a million, several hundred thousand people had to lose $10-$20 each. There is no "wealth creation." I hate that insidious lie.
for example, people nasume you create a new product and all the money you make is new wealth, but that is false. any money apple computers made, for example, was money that texas Instruments, Coleco, Tandy, etc. did NOT make. There is truly only so much to go around.
value is not solely determined by $$. I value you guys opinions and friendships but I would never place a price on it, and I would never expect to pay $$ for the value of your friendship.
It is extremely complex, and irreducible to simple statements of "truth"
(BTW, the Marxists were wrong about pretty much everything)
in American pyramid-scheme business, many corporations actively purchase products and businesses that have negative value. The tax breaks they get from losing money on one business offset the taxes they are supposed to pay from the profit of a different business. They get VALUE but no PROFIT.
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