>In my eyes, moving money from one person to another is not value generation. Only work that improves the net quality of life is generating value.
Right, and that’s naive at best. There isn’t an unlimited supply of money. Choosing where to place money can result in massive value creation or destruction.
Labor (or physical work by anything) and value have no implicit or explicit relationship. That line of thinking has been discredited so many times (even in your own ditch digging example) that it’s not really worth getting into here.
Right, and that’s naive at best. There isn’t an unlimited supply of money. Choosing where to place money can result in massive value creation or destruction.
Labor (or physical work by anything) and value have no implicit or explicit relationship. That line of thinking has been discredited so many times (even in your own ditch digging example) that it’s not really worth getting into here.