Creating wealth

[Avatar4321]

How do you do it?

More to the point, what is wealth?

Discuss.

 

[JBeukema]

How do you do it?

I convince you to want something.

It is now of value to you.

Therefore, it is of value to me as something I can offer you in trade for something I want.

 

[blu]

How do you do it?

More to the point, what is wealth?

Discuss.

ahh the ambiguous "you". does "you" in this case mean personally, or as a community/state/nation, as an economic system, or what?

this could be a cool thread

 

[editec]

How do you do it?

More to the point, what is wealth?

Discuss.

I'm recycling the dustbin of history (illustrated literature from the golden age of the book) and throwing in some "added value" in the form of translations of same.

What is wealth?

That stuff that humankind finds useful.

And in one respect, Karl Marx was right.

All of it, even if it is nothing more than a raw material taken from nature, demands a human interaction with it to give it meaningful value as wealth to us.

Undiscovered gold, for example, has no value.

When it is discovered, (the human workers' mind) it might become wealth.

When it is mined and refined (the human worker's hand) THEN it is truly wealth.

Not before those events take place does it have any value.

 

[industry7]

Wealth is goods that people value, ie things they want and need. Food, clothing, homes, cars, cd players, are all wealth. So when our economy started to shift from manufacturing to services, the real wealth of this country started to go down.

 

[rdean]

Creating wealth - manufactured goods or a "service" sold at a "profit".

Health care companies provide neither. They simply skim money off of policies.