Quote:
Originally Posted by papill0n
"wealth is a function of the creation of new products and services"
and you just create both of those out of thin air do you ?
socialism is a myth & thank you come again
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Actually yes, wealth is a function of value, and value is a relative term, applied individually in the eyes of the beholder amd often referenced in mass by an agreed upon currency. Currency is not wealth, wealth is value. (Currency is a way we agree to measure wealth, but it is not intrinsic.) People create value out of nothing based on the creation of a product, service, or improvement in either, that other people value. The amount of wealth in the world one thousand years ago is far far less than there is now, based on the above fact. U-bob has quite abily explained this.