Message from @Ozymandias
Discord ID: 761243716810702899
“Assets” won’t work because there’s a lot of wealth in processes too
I think your two-fold definition is really a mix of wealth and wealth management
they are essentially two different things
What's wrong with dictionary definitions here?
Wealth management is also wealth
I think it’s recursive, which is why we can generate wealth
Wealth isn’t a zero sum game. It is at any one moment in time, but across time, we generate more
can you generate wealth without wealth?
Can you have negative money or negative wealth?
wealth management is not wealth
it’s a skill
wealth is a state of mind
Wealth is not a state of mind 😄
it’s a state of being able to appreciate your position in life
I agree with Malachi. (Quick someone save this message)
“Negative wealth” would imply debt
But that’s about it
You can have less wealth than before though.
address my definition
Wealth management is wealth. It’s wealth in the same way that putting rocks together to make a tool is wealth
A stick a rock and a string is worth less than a hammer made out of a stick a rock and a string
“Worth” may be a good word here. Good wealth management IS worth something. It’s worth a lot actually
The state of mind part was my only sticking point.
What word would mean: “that which is worth something”
“That which has worth”
Value
Hmm that term has similar issues in that it is also a unit
Like, “has value” vs “to value”
But I like it. Brainstorming here
Value also sounds subjective, where the thing we’re discussing is more relative than subjective
Automating dispatching (as Uber did) generated a ton of wealth, as it freed up time for us to do other things, and it made it very easy to summon a cab.
The old way was wasteful. It’s not just “value”
Time IS a resource
Saving time + generating goods ... these are both ways to generate what I’m calling “wealth”
Also! Limiting waste. Mexicans make nachos out of what’s left behind by their tacos. It’s a great example of not wasting anything
Value sounds personally subjective yeah. But all wealth is subjective. Except the wealth in heaven I accrue with my God.
I think there’s a subjective aspect to wealth, but also a real (if relative) aspect. Otherwise we couldn’t have a system that measures it
The value of something is juxtaposed to it's scarcity.
Scarcity is one variable yes
According to Marx, the main variable
But there are rare things nobody wants or needs, and there are unrare things that everybody wants or needs.
Thankfully water and air arent scarce!