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RE: Socialism v Capitalism – isn’t it about time we changed the record?
Definitely some interesting statements here. Money has been the biggest fallacy around for years. Yet it kind of translates the value of something. Which is why I agree, the perceived value of stuff is based on the type of demand for it. That's where the level of scarcity comes in - or the perceived levels- to accumulate as much money as possible. Based on this we have been able to create this system in Capitalism to create stuff that have perceived value - time tells us all the time that it was not as valuable as we thought though -- and offer the respective amount asked for it. All now knowledge/creativity/time are money. In what you stated it will be more obvious than before (at least I hope so)
Yes that is the readers digest version of it. Thank you for reading it!