A Theory of Value
April 2, 2008What makes money money?
The human attention.
The value of money is its dynamic as a living force.
Up to a point things have value because I say they do.
Up to a point, because others say they do.
(The dynamic of ‘finding things interesting’.)
But:
Money is a species of debt.
“If we all pull together.”
How about this:
Capitalism is based on an idea of us not all finding the same thing interesting, so that it is in our different ways that we find a common interest in it. Whereas Communism … there is only one thing of interest. Each doctrine contains a ‘common theory of interest’. And so some might argue that only one is actual or practicable, in so far as the idea of a single overarching shared interest that determines all the others is phantom.
But of course the same can be argued of Capitalism too.
“Advertising is Capitalism’s drill diamond.”
