Posts Tagged ‘value’

The Value of Value

Tuesday, May 11th, 2010

Too many have fallen for the propaganda that the current global financial woes are the fault of capitalism. This is simply not so. Corruption is the real problem.

Value, in an open and honest system, is determined in the process of negotiation between a willing seller and a willing buyer, in which desirability and availability are contemplated, as well as the motivations of both parties. Interference in that process, through the manipulation of the negotiation, places undue burdens on one or both parties and serves to change the value of value. Corruption of the process, usually through regulation, litigation or legislation, changes the nature of value, and values.

Government, in our era, has become the tool of the corrupt. Arbitrary manipulation of the rules to benefit a favored class has created the problems we face. Greed and covetousness, not capitalism, has devalued value.