> Value is relative. You may have created value in the reference frame of a particular industry, but perhaps that industry is not of value. As e.g. Ponzi schemes show, people pay for things that have no value, so money is not a reliable indicator.
It has its flaws but on the whole it works. Certainly in the cases I'm thinking of my industry was producing value and I was producing value to the industry.
> Another example is the entertainment industry. A lot of money is being spent, orders of magnitude more per minute of content than say, 40 years ago. But are people more entertained now per minute of content than back in the old days?
Yes, much more. Try watching old films, playing old games. There are a few gems but there's a lot of awfulness, and even more than that, even in the good ones everything's so slow.
It has its flaws but on the whole it works. Certainly in the cases I'm thinking of my industry was producing value and I was producing value to the industry.
> Another example is the entertainment industry. A lot of money is being spent, orders of magnitude more per minute of content than say, 40 years ago. But are people more entertained now per minute of content than back in the old days?
Yes, much more. Try watching old films, playing old games. There are a few gems but there's a lot of awfulness, and even more than that, even in the good ones everything's so slow.