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by hythloday 5228 days ago
1) I dont believe being a "consumer" can by itself have any value

How can you have a capitalist economy without consumers to signal prices? I think I just don't understand your point here. Consumers obviously create value to my mind, because the knowledge of what they're willing to consume is itself valuable. How do you understand differently?

1 comments

Speaking in purely economic terms (i.e., inherent human value aside), a consumer is only valuable for what they have to offer in trade. If you're a producer but I don't have anything you could want (you already have it or the tech to create it effortlessly), the price signal I'm sending as a consumer is $0.00 for anything you'd sell.
effortlessly

Science fiction aside, even if you can produce everything 10-100x more efficiently than me, it is still worth us trading.

http://en.wikipedia.org/wiki/Comparative_Advantage

Interesting read. My point was that a 'pure' consumer, who consumes at least as much as they produce, is at best worthless in economic terms. Nevertheless, I agree there is prosperity in the application of even humble means.