better world · Real Life Economy

Conversation about Value – Did we lost our capacity to create value?

In a world in which money evolve to be our main mean of survival, a deep conversation about value is needed. As it separate the rich from the poor, the successful from their peers and affect directly the future possibilities of any individuals. Looking on any western society will bring any kid to the conclusion that our current society work an a strange set of principals when it comes to valuation. One of the main reason for that is that the current concept of value and its measurement is in the realm of the abstraction, detached from its original concept. I believe that the majority of the people cannot explain to a 10 years old kid, why an Iphone cost more than a monthly rent, why a shirt can cost more than a meal and why hard work do not give you enough money to live well. unfortunately, there is some good reasons for that.

It is visible that in a world in which money dominate our existence, the fact that it is by itself and abstract tool has created a complicated mechanism that can be misunderstood. After all, if the purpose of money is to give value to real objects while by itself it is no longer exist in a materialistic form, a practical gap can be created separating the  tool of valuation from its original purpose. Moreover, if our abstract money give value to solid objects (as food, housing, cloths etc), while the same money give value to abstract concept (As time, intellectual properties, future value etc), it is normal that a confusion and lack of clarity will be created.

Conversation about value

As we are living from one economical crisis to another, while our currency lose its value on a yearly basis. The capacity of an individual to maintain a reasonable life by working becomes harder each year. This is something that we all feel and we are all well aware of. This evolution of money affect many aspect of our lives. Many people do not make children’s as they do not manage to maintain themselves economically, the capacity of a person to socialize diminish as he/she are missing the free time and The capacity of people to take an active part in their politics diminishes as they lack the time and peacefulness to understand it. Money which used to be a form a reward and tool to give real value to work and capacity, became the main obstacle for a decent life for the majority of the people on earth.

While it is true that one of the main reasons for the lack of money in our current society is partly due to the way our current socio economic system is build (For more information about this subject Click here), I truly believe that the fundamental problem of our current situation is coming from our lack of capacity to understand the ideas and reasons behind value. Due to that, I’m certain that if we are searching to understand better our economy and aiming to create a better future, a deep conversation about value is required.

It is value, that determine our wage, the cost of commodities around us and the services we use. As money become abstract and nations have debts measured in Billions and Trillions, it is not surprising that we lost the capacity to understand what value is all about. This is a mental stage that make us weak in front of our employers, governments and cooperation’s. By understanding why something worth this price we will be able to see if it is to expensive. and only after we can evaluate the prices of our commodities we will be able to evaluate our time, which is our salaries. It is not an easy subject, but it is not complicated one. In my next posts, I will go deeper into this subject. Hopefully, it will give to some of us some clarity and will help us create a better society.

Share you thought with me in the comment section and express your opinion. Awareness and open conversation are the key for the creation of a better future.

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book review

Book review: “Antifragile” by Nassim Nicholas Taleb

My Favorite quotes:

“If you have more than one reason to do something (choose a doctor or veterinarian, hire a gardener or an employee, marry a person, go on a trip), just don’t do it. It does not mean that one reason is better than two, just that by invoking more than one reason you are trying to convince yourself to do something. Obvious decisions (robust to error) require no more than a single reason.”

“The irony of the process of thought control: the more energy you put into trying to control your ideas and what you think about, the more your ideas end up controlling you.”

“The best way to verify that you are alive is by checking if you like variations. Remember that food would not have a taste if it weren’t for hunger; results are meaningless without effort, joy without sadness, convictions without uncertainty, and an ethical life isn’t so when stripped of personal risks.”

“Let me be more aggressive: we are largely better at doing than we are at thinking, thanks to antifragility. I’d rather be dumb and antifragile than extremely smart and fragile, any time.”

Rate: 10/10

Book review - Antifragile

Have you ever asked yourself, how come millions of dollars are paid every year to professional people for the sake of predicting our economical future and we are still surprised when they come? How come there is more unemployment in sectors that required degrees than in the taxi sector? Why we are so afraid of changes while we all know that they are necessary for progress? You will get all the answers to those questions in this book.

Following the publication of his best seller “Black swan”, Nassim Nicholas Taleb has managed to surpass itself in this incredible book. His capacity to pass complicated ideas in simple words, are one of the things I find the most admirable about this author. Moreover, the ideas behind this book are extremely revolutionary and contradicting our current mind set, nevertheless instead of showing resistance to his ideas I find myself laughing all along the book.

The ideas behind the book has changed a lot the way I see the world we are living in. It gave me a different perspective on our current society, which I find to be important in the current state of monopolized flow of information. The practical implications of the concept of antifragility are massive. I will recommend any person that feels he want to understand better what is wrong in our current mind set to take the time and have a read.

If you search to purchase the book:

Antifragile: Things that Gain from Disorder

 

Share you thought with me in the comment section and express your opinion. Awareness and open conversation are the key for the creation of a better future.

If you like this content and would like to get more, Please like this post subscribe to this blog or to my Facebook. Your support is giving me motivation and helping me cause. For more topics in this blog click here.