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PaperclipPerfector  1yr ago (text post)   4449 thread views

Small-Scale Question Sunday for November 19, 2023

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Therefore it seems self-evident that a thing has value because someone is willing to die for it: that person, even if he's a deranged lunatic, has staked his life on that thing. The value of it has been upped to "one deranged lunatic" from whatever it was before.

Correct, but note that deranged lunatics or careless idiots who win a Darwin Award are not worth the full 10 million. Those 10 million are a human living a productive life for as long as possible. And even then the transfer of value may not be successful; the manner of the dying may have more impact on the value of the final product than the nominal value of the man who died.

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